Rental Market in Orange County
So, you are underwater in your home, you are told you need to either refinance, stop making payments on your home and short sell, or the bank is going to repossess your Orange County home. It is time to start looking for rental properties in the county. You are not alone! 12% of Orange County households are under water on their home. If your house is short sold properly, you should come out with some sort of income from the short sale to help get you back on your feet and commit towards the first one or two months worth of rent.
If you are looking for a vacation rental in beautiful Orange County or you are looking to take advantage of the tremendously low interest rates, and historically low prices and start investing in Orange County real estate. What ever the circumstance is, you would be wise to take a look at some of the statistics for rental properties, in and around Orange County.
Like the entire Orange County Housing Market, the rental complexes are suffering as well. Many assisted living centers, 55 and over communities are offering enticing move in specials. Be sure to check with your local real estate agent who can help point you in the right direction.
If you would like to contact Kevin Simshauser, who specializes in investment properties and vacation rentals, do not hesitate to contact by phone or email.
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