- A Strong Job Market- With 54 of the Fortune 500 companies headquartered in California, like Google, Apple, Disney, Oracle and Intel among others, California is positioned for continued job growth. High employment rates draw renters and buyers and, for investors, enhance the likelihood of consistent cash flow.
- Low Property Taxes- Though not the lowest in the country, California has favorable property tax rates, which will help control investors’ expenses and improve cash flow.
- High Rental Demand- With renters flocking to the golden state for jobs, great weather, fantastic entertainment, and myriad outdoor activities, demand outpaces availability and growth in many California markets. This demand leads to consistent increases in rental rates for owners of income properties.
- Increasing Home Values- The combination of job growth and a world-renowned lifestyle and culture supports home values. People buy where they want to live, and millions of people want to live in California. All of the demand mentioned above also leads to increasing home values.
California offers a variety of real estate investment opportunities throughout the state, but some of the best choices for single family rentals are near major metros such as Los Angeles, San Jose, Bakersfield, and San Diego.