|Specialty||# of Agencies|
|Single House or Condo||2|
|Home Owners Association||8|
|Total Local Companies||13|
Rialto, CA Rental Market Overview
Rialto, CA Property Management Companies
Promising Returns for Savvy Independent Investors
Located roughly a half hour west of Los Angeles, Rialto California offers an extensive selection of single-family homes for savvy property investors. Since 2010 property tracking sites like Zillow and Trulia have noted a consistent increase in Rialto home values throughout the area--around 30% in the median sales price in 2013. Currently single-family homes make up nearly 90% of the residences here, and roughly half of the total properties listed for resale are in some stage of foreclosure. It's an attractive environment for independent landlords seeking properties and reliable returns in the near future.
But Do You Know How to Market Your Rental Property?
The Marcus and Millichap 2013 National Apartment Report ranked the Los Angeles area tenth in the nation for rising employment, but multiunit construction around the city core pushed the vacancy percentages up to 4%. The increase in LA vacancies shouldn't significantly affect Rialto landlords because local single-home tenants tend to seek suburban settings for their families and many of these renters work for one of the nearby employers--Target, FedEx, Staples or Toys R Us. Rental property exposure and tenant application processing are the two consistent challenges that confront small property investors in Rialto, usually because larger multiunit developments employ a full-time property management staff while offering highly competitive monthly rental rates. If time management and limited marketing results plague your rental efforts, consider checking out the services offered by property management companies in the Rialto area. Most local property management companies service a range of clients and know the most effective marketing channels for single-family homes. They can also show your property and thoroughly screen prospective tenants in a timely manner. It's peace of mind and increased productivity for you. Ask for your free instant quote today.