Should I rent out my home in the Santa Clarita Valley?
By John Evarts
(Classic Property Management of Santa Clarita)
I often get asked by clients what the rental market is like here in Santa Clarita. This post will attempt to answer that question. The rental market in the Santa Clarita Valley is VERY STRONG. It has been for the last couple of years. I personally believe the reason for this is the change in the resale market. Now, I understand that is a pretty broad statement, so I am going to try and breakdown the change in our resale market and how it has impacted the rental market. 1) The resale market has softened. One of the consequences of this is the number of homes that were listed for sale but didn't sell as quickly as, or for as much as, the owner needed, and then were listed for rent. This provided us with a solid inventory of rental homes. To counter this increased inventory, we needed more...
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