Great Podcasts About Investing and Owning Rentals

Monday, July 17th, 2017
Lailan Ghafur

7/17/17

North County Property Group is constantly looking for ways to keep our clients up-to-date with the most recent trends and news in the real estate, whether that’s via our various blog posts or through social media. Today, we would like to introduce you to a couple of podcasts about investing and owning rentals, the great thing about podcasts is that you can listen to them in the car on your way to work or in the gym, while on the treadmill!  Below are a couple of podcasts that we have been enjoying:

1. The Real Estate Guys Radio Show

2. BiggerPockets Podcast

3. Invest Like A Boss

4.  Success Insider

5. Sovereign Man

6.  Rental Income Podcast with Dan Lane

7. The Tim Ferriss Show

8.Turnkey Real Estate Investing

9. Rental Income Podcast with Dan Lane  

Located in Del Mar, California, North County Property Group provides real estate sales & leasing,  property management, and vacation rental services in the various communities throughout the greater North County San Diego area (click here to see communities served). 

For more information about North County Property Group, visit http://www.ncpropertygroup.com, or contact the company at 445 Marine View Ave, Suite 240, Del Mar, CA 92014, USA; Tel: 858.792.5797; Fax: 619.878.6640; E-mail: info@ncpropertygroup.com to learn how we’re redefining real estate sales and leasing, property management, and vacation rentals in North County San Diego.

Follow North County Property Group on FacebookGoogle Places,  TwitterLinkedInPinterest and YouTube.

Share

What Millennials Want in their Housing

Monday, July 10th, 2017

Lailan Ghafur

7/10/17

Millennials have become a major driving force in the housing market. So what is it that they want when it comes to housing? At North County Property Group we are always looking for ways to market your properties and attract different types of renters. So, we thought we would dedicate an article about appealing to this up and coming rental group!

Millennials are the segment of the population born in the years between 1980 and 1990. They are entering the workforce as young professionals and in many cases moving around the country for jobs. With the sky high cost of living and the desire to be more flexible in their job locations, Millennials have a preference for renting and are frequent prospective tenants within NCPG’s portfolio of rental properties. The below graphic is a summary of research conducted about Millennials and what they want in their housing:

Also, following are some suggestions to help our clients understand what millennials might be looking for in their rental search.

Pet-friendliness
Do you allow renters to have pets? More and more, Millennials are postponing marriage and starting families later in life and instead, many have larger pets like dogs and cats for company. It can be challenging to find a rental that is pet-friendly, so being a property owner that will accept pets is always a plus!

Recreation Space
Millennials are known for being extremely active — whether that’s surfing in Del Mar or stand up paddle boarding on Fiesta Island, having a place to put mountain bikes, snowboards, surfboards or other rec equipment is a huge plus for active renters. That way,  they could just grab their board and surf’s up! These simple upgrades to your property would go a long way in helping meet their needs:

  • Add outdoor bike racks
  • Make space in the garage (if available) by adding surfboard racks or bike hooks.
  • If you have an outdoor space, consider designating an area for working out or Yoga. 

Environmentally friendly
We’ve all heard it, “reduce, reuse, recycle”. It seems that being eco-friendly has come more to the forefront and is now a bigger factor for renters, especially Millennials who tend to be more environmentally conscious than past generations. You probably already separate your recyclables, but there are some small, additional changes that you can make to your rental property that will go a long way to show potential renters that you are environmentally conscious:

  • Replace old incandescent light bulbs with compact fluorescent or LED lights throughout the property.
  • Create a space for composting or offering a recycling service.
  • Properly insulate your property to keep the heat out and reduce drafts. This will also help cut down on utility costs.
  • Install low-flow toilets and shower heads in bathrooms.
  • If you are considering remodeling your unit or just upgrading, opt for energy-efficient appliances. They will look great and will also help slash utility costs.
  • Add programmable thermostats throughout the house to keep expenses low.
  • If you are considering making a major shift in energy production you may consider adopting solar panels, wind power, or another source of renewable energy if possible.

These property characteristics show potential renters we care about the environment and can be a big pull for millennials. If you are interested in making changes at your property or in your rental policies the staff at North County Property Group is ready and available to help you! 
             

Located in Del Mar, California, North County Property Group provides real estate sales & leasing,  property management, and vacation rental services in the various communities throughout the greater North County San Diego area (click here to see communities served). 

For more information about North County Property Group, visit http://www.ncpropertygroup.com, or contact the company at 445 Marine View Ave, Suite 240, Del Mar, CA 92014, USA; Tel: 858.792.5797; Fax: 619.878.6640; E-mail: info@ncpropertygroup.com to learn how we’re redefining real estate sales and leasing, property management, and vacation rentals in North County San Diego.

Follow North County Property Group on FacebookGoogle Places,  TwitterLinkedInPinterest and YouTube.

Share

What is the Future for Short-Term / Vacation Rentals?

Friday, June 30th, 2017

Bob Preston

6/30/17

Renting homes as vacation rentals (AKA short-term rentals or STRs) has been part of the Del Mar Race Track community fabric and tradition dating back more than 50 years to the heydays of Jimmy Durante, Bing Crosby, Desi Arnaz, and Lucille Ball. Yet now it appears STRs will be illegal in the City of Del Mar thanks to a recent city council vote on April 17th banning the activity. Thanks to AirBnB, VRBO, and many other vacation rental websites, vacation renting has never been more visible or easier to book as a traveler.

When discussing this topic, it is important to understand what is considered an STR. By definition, STRs are considered any single-family home or condo rental for a period of less than 30 days. By California Law, any rental greater than 30-days, even if rented furnished, is considered a Long-Term Rental (LTR) and is not subject to limitation.

North County Property Group has an active interest in this topic as a participant in the home rental market for both LTRs and STRs so we are tracking the issue closely. At NCPG, we see both sides of the issue and only hope for clarity on the STR controversy soon! Community passion on this issue, however, varies between the coastal San Diego communities which only makes the topic more difficult to predict for the future.

 

After its April 17th vote, the Del Mar city council left interpretation of the ban lingering with a high degree of uncertainty. When does the ban take effect? Which city zones are outlawed? Might some seasonal rentals still be allowed? Who will enforce the ordinance? These and other questions have Del Mar residents scratching their heads about the actions while the city council is still scrambling to bring further definition to the issue.

The Development Services Department (DSD) is the current body exploring the details of what should be done within San Diego city limits. The full City Council is set to debate the issues again in late August when the DSD committed to coming back to the council with more details and recommendations. New rules for STRs went into effect in Carlsbad in February 2016, allowing them only in the “coastal zone” and La Costa Chateaus. Encinitas and Solana Beach, however, continue to be “STR friendly” but have specific regulations in place as to rental permitting, noise abatement, and quarterly payment of transient occupancy tax (TOT).

 

Whichever side you are on in the STR debate, one thing is for sure, the STR industry will continue to face regulation challenges in 2017 and into 2018 as it has over the past few years. It is also unlikely that there will be any new decisions anytime soon that clearly delineate between what is and what is not allowed in many of our communities. To further complicate matters, the topic of “house swapping” and “home sharing” (renting just a room or part of the house) are also becoming more and more popular and must be considered as part of the overall discussion and debate. Time will tell where things are headed and NCPG will do our best to keep you updated on all developments along the way!

 

Located in Del Mar, California, North County Property Group provides real estate sales & leasing,  property management, and vacation rental services in the various communities throughout the greater North County San Diego area (click here to see communities served). 

For more information about North County Property Group, visit http://www.ncpropertygroup.com, or contact the company at 445 Marine View Ave, Suite 240, Del Mar, CA 92014, USA; Tel: 858.792.5797; Fax: 619.878.6640; E-mail: info@ncpropertygroup.com to learn how we’re redefining real estate sales and leasing, property management, and vacation rentals in North County San Diego.

Follow North County Property Group on FacebookGoogle Places,  TwitterLinkedInPinterest and YouTube.

Share

8 Ways to get your Home Summer-ready!

Friday, June 23rd, 2017

Lailan Ghafur

6/23/17

Getting your home summer-ready doesn’t just mean dusting off the BBQ and pulling out the lawn chairs: It also means lightening and brightening up your home and getting it ready for the heat! Below are 8 ways to embrace the summer warmth in your home both inside and out
1. Bring the Outside In: Summer is a great time to add more greenery to your interior spaces. An easy way to achieve this, is by creating a small potted-herb garden or by adding hanging macrame planters, which are super on-trend for this summer. Adding foliage to your interior decor doesn’t have to be difficult, small touches like these can dramatically brighten up a space. If you are feeling handy, try a hanging garden wall that will add a contemporary feel to your outdoor space.
2. Change up your Bed Linens: Switch out your flannel bed sheets and opt for lighter fabrics such as cotton or linen to add a summery feel to your bedrooms.
3. Lighten up: Add bright colors in the way of vibrant art pieces or fresh-picked flowers.  Remove dark draperies that can make a space feel dark and heavy. Consider trading out your winter curtains for sheer fabrics that will let some light in and keep the heat out.
4. Turn-up your outdoor Space: Turn your deck or patio into an oasis that you and your family will love to lounge in. You can start by adding small decorative touches like outdoor pillows, linens or by simply putting up some string lights. If you have a little wiggle-room in your budget, incorporate a chiminea or fire pit for those crisp summer nights. These touches will help you keep warm and most importantly, will allow you to create lasting memories with your loved ones!
5. Embrace the summer scents: Incorporating summer scents is a really easy way to make your home feel summery! That can be done by changing out old candles and replacing them with lighter and fresher scents, such as lime, lavender, gardenia, or even coconut. Scents aren’t just limited to candles; you can add fresh flowers to your kitchen or bedroom, or add scented soaps to your bathrooms.
6. Clear your home of clutter: Put away knickknacks or extra clutter, to help give your home a lighter feeling. Store extra rugs or throws, as these items can make your home feel warmer, especially during the peak summer days. By making simple changes, you can help liven up your living space in a big way.
7. Wash away the Winter: You’ll say goodbye to winter dinginess and hello to the summer sun by washing your windows.With the sun at full strength, you’ll be dying to show off your newly washed windows.
8. Prepare for mosquitoes and critters: Experts say we should all be prepared for an extra “buggy” spring and summer. The big rains this past winter has fueled plant growth we’ve not seen in San Diego since 2005. That means a bumper crop of mosquitoes and other critters that can invade our yards. In addition to keeping an eye out for any standing water in the yard, did you know there are several plants and flowers that naturally deter mosquitoes? It’s true and here are just a few:
  • Marigolds: distinct aroma is a natural insect repellent
  • Basil: strong scent naturally deters mosquitoes and other insects
  • Lavender: in both living and dry form, actively repels mosquitoes
  • Peppermint:  smell helps drive away mosquitoes. It can also be crushed for use as an effective mosquito bite relief treatment
  • Rosemary:  has a long history of use as a mosquito repellent

Enjoy your home and the weather this spring and summer! Let us know if we can help in any way to change any aspects to your property!

 

Located in Del Mar, California, North County Property Group provides real estate sales & leasing,  property management, and vacation rental services in the various communities throughout the greater North County San Diego area (click here to see communities served). 

For more information about North County Property Group, visit http://www.ncpropertygroup.com, or contact the company at 445 Marine View Ave, Suite 240, Del Mar, CA 92014, USA; Tel: 858.792.5797; Fax: 619.878.6640; E-mail: info@ncpropertygroup.com to learn how we’re redefining real estate sales and leasing, property management, and vacation rentals in North County San Diego.

Follow North County Property Group on FacebookGoogle Places,  TwitterLinkedInPinterest and YouTube.

Share