Tony Lewis, Summit Real Estate Santa Clarita & OC Laguna Nigel (RE/MAX of Valencia (Hall of Fame) 30 year Valencia Resident)

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Rainmaker
793,959
Pete Xavier
Investments to Luxury - Pacific Palisades, CA
Outstanding Agent Referrals-Nationwide

Skip California (for the most part-always exceptions), better laws and ROI elsewhere for the multi-unit landlord (and yes, multi-unit is the way to go-IMO. I'm more focused on cash-flow than appreciation).

Nov 19, 2020 03:43 PM
Rainmaker
2,917,406
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Too many laws negatively impacting the State in general.  I look forward to moving from the Land of OZ. 

Nov 19, 2020 05:04 PM
Rainmaker
812,592
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Here is an article from the Orange County Register that disputes your claim: California’s homeownership rate hits 9-year high

The article also presents an intesting graph that shows that homeownership in California has been between 50% - 60% since 2005.

Nov 19, 2020 04:14 PM
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Anna Banana Kruchten CRS CRB, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

Why are laws being renting to help renters and hurt investor/home owners?  Who does that make sense to?

Nov 19, 2020 04:00 PM
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

I wouldn't want to own an investment property at a time when governments are changing our way of life, ability to work for a living and making landlords keep tenants that can't pay rent.  It's nuts.

Nov 19, 2020 04:04 PM
Rainmaker
2,575,290
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Well there you have it...income property by its nature and risk rewards the buyer/owner with a predictable end result. NOT SO ANYMORE. On a whim, someone legislated a moritorium that hurts lenders/owners and enables renters to live rent free causing owners to hire attorneys for their agreed to rights thus encurring addtional expenses and enlarging the risk. Add further insult, the courts are nearly closed or backlogged leaving remedy in the distance. The three legged footstool of America cannot survive with two legs without failing/falling....

Nov 19, 2020 04:39 PM
Rainmaker
218,598
Raymond Henson, SRES, GRI
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

Given the direction of CA politics, we are moving our rentals out of state through 1031 exchanges.  It was really lucrative a number of years ago to have investment property.  It can be lucrative now, but the risks are just too high.  

Nov 20, 2020 06:18 AM
Rainmaker
1,321,022
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

The more renters there are than landlords the more likely stuff like Prop 13 have of being repealed.  Tenants don't care about stuff like that and either don't care to be educated or try and pass it off as "voter intimidation" when you do educate them about how "If my costs go up, so does your rent."  It will be a while before that happens though.  The state would have to get rent control in place statewide first to try and negate the above argument.  Then of course comes maintenance and such that will not be done to increase the profit margins.  In the end, it's a lose-lose scenario.

Nov 19, 2020 08:28 PM
Rainmaker
648,805
Steve Higgins
RE/MAX Kelowna - Kelowna, BC

We have the same problems up here in BC. The renters have more rights to my investment than I do. That being said I think it depends on what kind of tenants you have and the rent you can charge whether it is lucrative or not. We have been lucky with our properties. 

Nov 19, 2020 06:49 PM
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Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

No wonder so many people are choosing to leave...The risks far outweigh invester benefits. Look at Pelosi's district...homelessness, drugs and filth are rampant and looks eerily similar to socialist-type leadership. For many, it has become a way of life with ZERO repercussion or accountability!

Nov 19, 2020 06:12 PM
Rainmaker
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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Tony,

We would not own investment property, been there done that.  I do think that CA has to change its politics as many have pointed out. A

Nov 20, 2020 07:28 AM
Rainmaker
828,690
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

When? 

Even in the 90s when I did PM in CA, the L/T laws were so coddling to tenants they could run roughshod and burn landlords left and right . . . some made a career of it. Now with Covid, how can landlords imagine they will not be burned by those loopholes and eventually lose or fail to profit on the homes? Then where will the renters live who can't buy?

CA is unrecognizable from the idyllic Magic Kingdom I grew up in. The lawmakers are deranged and delusional . . . CA expats who retain CA politics, keep going past AZ and I heard TX doesn't want them either . . . New Mexico perhaps? Even 'Trad Mexico' likes the wall now! LOL

Nov 20, 2020 07:08 AM
Rainmaker
3,084,391
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I would say more lucrative and having someone else paying your mortgage is a great investment.

Nov 20, 2020 03:36 AM
Rainmaker
1,338,328
Raymond E. Camp
Howard Hanna Real Estate Services - Ontario, NY
Licensed Real Estate Salesperson Greater Rochester

It has become a landlord's nightmare here as well!

Laws or edicts are being for a handful instead of for the whole!

Nov 20, 2020 04:20 AM
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

The laws in all states are in favor of the renters.

Nov 20, 2020 01:46 AM
Rainmaker
906,160
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

It's always supply and demand. BUT I think the population in CA is going down

Nov 20, 2020 10:14 AM
Rainmaker
4,476,487
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I have homeowners that have tenants that are not paying their rent, and there is a moratorium on evictions.   Not the perfect time to be a landlord.

Nov 20, 2020 06:05 AM
Rainmaker
6,028,793
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

It is a good time to own rental properties.

Nov 20, 2020 07:36 AM
Rainmaker
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Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

It depends on how much rights Landlords have taken from them by the State

Nov 20, 2020 05:47 AM
Rainmaker
714,956
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

Seems like investment properties never favor the property owner and tenants rarely respect the property or its owner like they should so, I vote less lucrative. 

Nov 20, 2020 04:17 AM
Rainmaker
3,746,998
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

It is a roll of the dice. For the riverboat gambler it could be lucrative. For the conservative it may be a pass!

Nov 20, 2020 04:02 AM
Rainer
93,386
Ken Jones
Kenneth Jones Photography, Ltd. - Toms River, NJ
Real Estate Photographer & Videographer

Tony Lewis The most probable reason for having more renters than owners isn't common outside of high-density central city locations.

Consequently, when suburban areas are dominated by tenants it typically means owners were unable to sell and were forced to rent to maintain their debt service.

The reason owners are unable to sell in many suburban CA areas is directly tied to the fact that CA is circling the bowl and those who recognize this are leaving and those who remain either can't afford to buy (which is much of their remaining population), or they're looking to move out, as well.

Nov 20, 2020 12:38 PM
Rainmaker
3,224,648
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Even here in NH we are getting people from CA looking to relocate. I have had 3 couples in the last 3 months. I just hope they dont vote here like they did there

Nov 20, 2020 11:56 AM