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What Makes Long Beach An Ideal City For Property Rentals

Dustin Edwards • February 14, 2024

Sporting a 28-mile-long coast, it's easy to see how Long Beach, CA, got its name. Long Beach is known for a number of tourist attractions like the Aquarium of the Pacific and the RMS Queen Mary. While being one of the largest cities in Southern California, Long Beach’s residents have always stated it feels like a small town.


These features
perfectly set Long Beach apart from other beach cities and make it a fantastic opportunity for people looking to invest in rental properties.


Today, we’ll review five elements that make Long Beach, CA, an ideal city for property rentals.


Many Prospective Tenants

Like many metropolitan cities, Long Beach, CA, has a large and varied population. Cities with a heavy or growing population are great for investors. This allows you to cast a wider net when searching for prospective tenants. Typically, cities with diverse populations bolster economic growth, appealing to investors.


Whether your rental property is a small single-family home or an exotic luxury apartment, Long Beach’s diverse population makes filling vacancies straightforward. Provided you have resources and know how to market your rental property.


Consistent Growth

Investors see the opportunity for steady growth in their investment in Long Beach. Based on trends, many properties will likely increase in value over time in Long Beach. The population of Long Beach has steadily grown, too, with the population growing by 1.7% since 2010. This growth is oftentimes accompanied by the demand for housing, which can lead to increases in the prices of rentals. While you still need to navigate prices based on location and property size to take advantage of this growth, Long Beach is a safe investment for the time being.


Diversity of neighborhoods

Long Beach has a diverse population and a diversity of neighborhoods to match. Based on what you are comfortable investing in, Long Beach has a property to offer. This is great for veteran or first-time investors. For those looking to start building their portfolio, Long Beach provides many entry-level properties such as duplexes, single-family homes, or single-family homes with an accessory dwelling unit (ADU) built on the property in middle-class neighborhoods. Long Beach offers properties in exclusive neighborhoods such as Belmont Shore and Rancho Estates for investors looking to expand their portfolio. These require a much higher starting investment but tend to have a higher return on investment (ROI).


Major Hub City

Long Beach’s location is another one of its assets. Due to being located between Los Angeles(LA) and Orange County(OC), Long Beach is an excellent location with a thriving market and a “small town” feel. Many people feel more comfortable commuting from Long Beach to LA or OC than living in those areas. This benefits investors as there is demand for housing nearly year-round. This setting allows Long Beach to be considered an affordable beach city compared to Santa Monica or Newport Beach. This gives investors all the benefits of buying rental properties in a beach city while lowering costs.


Thriving Economy

Long Beach offers beautiful beaches and marinas. Along with those is an active dining, shopping, and tourist scene that mixes urban sophistication with fun beach city activities. This not only means ample opportunities for long-term rental properties, but Long Beach is also a great market for short-term rentals. Many tourists nowadays prefer to stay in homes listed on apps like Airbnb over hotels.


 Long Beach offers many opportunities for financial gain if you invest. If you are interested in investing in rental properties in Long Beach or are looking for ways to
collect rent online from existing rentals, we invite you to call us today at (562) 888-0247 or fill out our Owner Application online.

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By Dustin Edwards December 19, 2024
If you're properties are suffering from lack of heating this winter, these 3 common issues could be the cause.
By Dustin Edwards December 12, 2024
Although Southern California’s winters are typically mild when compared to other parts of the country, tenants still value a warm home during the cooler months. Taking steps to maintain a comfortable living environment shows your tenants that their needs are being prioritized. This is crucial for tenant satisfaction, especially during the holidays. Below are three methods to help keep tenants warm during the winter season. Maintain Heating System It's required for landlords to provide rentals with a working heating system, however, it's not uncommon for these to fall into disrepair either because of lack of maintenance or negligence. Scheduling regular inspections and maintenance before the coldest weather can help to ensure the heating is reliable and efficient. Cleaning air filters, and checking for cold spots, or irregular noises can help prevent small issues from escalating into expensive repairs. Preventative maintenance can help to reduce the chances of inconvenient calls for emergency repairs. Being proactive with your maintenance can also help you protect your investment while earning goodwill from your tenant. Another factor that can affect your heating system is drafts around windows and doors. These drafts can cause your heating system to overwork which makes the system less efficient, and reliable and ultimately reduces the lifespan of your heating system. You can address this by inspecting the seals around doors and windows for gaps or cold spots. Replace worn-out seals and caulking where it's needed. Offer Smart Thermostats Consider providing your tenants with a smart thermostat for energy-efficient heating. This can not only give tenants control over their comfort, but it's also a great tool to reduce energy usage. By providing this upgrade to your tenant, you show a commitment to your tenant’s satisfaction which can in turn result in a long-term tenant. These kinds of devices definitely benefit your tenants, though they can also contribute to the longevity of your rental property as well. Additionally, you can give your tenant a smart thermostat as a holiday gift . This can show your tenant that you’re not simply collecting rent while protecting your investment. Reverse Ceiling Fans The direction in which a ceiling fan rotates is oftentimes overlooked, and it can have a great effect on the temperature of a home. A ceiling fan is typically seen as a way to cool down a home during the hotter seasons without using the air conditioning . Reversing the spin of a ceiling fan can help to circulate warm air more efficiently during the cold season . This is because warm air rises, and a fan rotating clockwise will push the warm air back down helping maintain warm temperatures. Most fans have a switch on the motor and it is easily accessible for most people with a step ladder. This easy adjustment helps reduce the need for your tenant to use the heating system. Tenants will notice a more consistent and comfortable temperature indoors. This should also help reduce costs on their energy bill. Reversing the rotation of the ceiling fans also takes some of the strain off of the heating system. This helps to ensure it operates efficiently for years by reducing the wear and tear on it. Taking proactive steps this winter season to ensure your tenant’s comfort demonstrates a landlord’s commitment to their tenant’s comfort. A comfortable tenant is a satisfied tenant , which can lead to a long-term tenant and steady rental income. Consider it a small investment for long-term success. If you need help keeping your rental warm or managing Beach City rental property, we invite you to call us today at (562) 888-0247 or complete our Owner Application online .
By Dustin Edwards December 5, 2024
Discover 3 Gift Ideas for your tenants this holiday season.
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