We are your experts in the east Bay area rental market, and today we’re talking about investing in the area.
If you’re wondering whether it’s a good time to invest in the east Bay, the short answer is yes. Oakland and Berkeley are hot right now. We have a lot of tenant spillover from San Francisco because it’s harder to afford rent out there. Good tenants are coming to Oakland and Berkeley and other east Bay neighborhoods in order to get more for their money.
There is a lot of gentrification in certain neighborhoods in the cities and the surrounding areas, so it’s becoming a popular place to live. There’s a lot of development happening and highly qualified tenants are choosing to be in these areas.
Home prices are competitive right now, but interest rates are still low, so if there’s an opportunity to buy a piece of property that you can turn into a rental home, you should definitely invest.
We would be more than happy to help you decide where and what to buy. If you need any assistance, or you’d like to learn more about the east Bay rental market, please contact us at MSB Property Management.