--- title: Property Managers Help Investors Capitalize on Tight Millennial Market description: Most millennials can’t afford to buy a home but are willing to splurge for a nice rental home. Learn more about renting your home as an investment property. image: https://www.hometeampm.com/hubfs/Imported_Blog_Media/millenial-apartment.jpg --- [![Group 5068](https://www.hometeampm.com/hubfs/Group%205068.svg "Group 5068")](https://www.hometeampm.com) - [About](https://www.hometeampm.com/about/about-hpm) - [Our Company It’s been over 20 years and our goal hasn’t changed](https://www.hometeampm.com/about/about-hpm) - [Our Team Meet the Home Team Property Management Team](https://www.hometeampm.com/our-team) - [Why Choose Us No matter your property management goals, we will get you there](https://www.hometeampm.com/why-choose-us) - [Careers Take a look at our open positions and feel free to submit an application if your experience is a match](https://www.hometeampm.com/about/about-hpm) - [Vendors We are continually seeking out qualified, professional vendors to fulfill goods or maintenance contracts](https://www.hometeampm.com/about/vendor-relations) - [Connect With Us Reach out to our expert team to see how we can assist you with your property management needs](https://www.hometeampm.com/contact-us) - [Testimonials Read HomeTeam Property Management client testimonials here](https://www.hometeampm.com/testimonials) - [MANAGEMENT SERVICES](https://www.hometeampm.com/management-services) - [Residential View our residential property management services](https://www.hometeampm.com/management-services/residential-management) - [Commercial View our commercial property management services](https://www.hometeampm.com/management-services/commercial-management) - [Marketing View how we market your property to prospective tenants](https://www.hometeampm.com/management-services/marketing) - [Accounting We specialize in complete financial services for our property owners](https://www.hometeampm.com/management-services/accounting) - [Maintenance Property maintenance is one of the most important aspects of maximizing your investment](https://www.hometeampm.com/management-services/maintenance) - [Leasing Our leasing department utilizes the latest in application and credit screening procedures](https://www.hometeampm.com/management-services/leasing) - [Free Rental Analysis Get a free rental valuation of your investment property](https://www.hometeampm.com/management-services) - [Get a Quote Learn how much it would cost to manage your property](https://www.hometeampm.com/management-services/getting-started) - [OWNERS](https://www.hometeampm.com/owners) - [Marketing Your Property Learn how we market your property to ensure the maximum exposure to qualified buyers](https://www.hometeampm.com/owners/marketing-your-property) - [Renting Your Property We provide you with guidance on how to ready your property to compete in the ever-changing rental market](https://www.hometeampm.com/owners/renting-your-property) - [Maintaining Your Property The best approach to maintenance is preventative maintenance, and this is HomeTeam Property Management policy](https://www.hometeampm.com/owners/maintaining-your-property) - [No - Eviction Guarantee We are so confident in our tenant selection process that we include a No-Eviction Guarantee](https://www.hometeampm.com/owners/no-eviction-guarantee) - [Free Rental Analysis Get a free rental valuation of your investment property](https://www.hometeampm.com/owners) - [Owner Portal Login Sign-in to monitor your account](https://hometeam.appfolio.com/oportal/users/log_in) - [Get a Quote Learn how much it would cost to manage your property](https://www.hometeampm.com/management-services/getting-started) - [TENANTS](https://www.hometeampm.com/tenants) - [Rental Search Find your next place to live in San Diego](https://www.hometeampm.com/properties) - [Tenant Portal Login Sign-in to monitor your account](https://hometeam.appfolio.com/connect/users/sign_in) - [Pay Your Rent Paying rent on time has never been easier](https://www.hometeampm.com/tenants/pay-your-rent) - [Future Tenants Important information for tenants wanting to lease a property from HomeTeam](https://www.hometeampm.com/tenants/future-tenants) - [Move Out We want your move-out to be a pleasant and successful one](https://www.hometeampm.com/tenants/move-out) - [Notice To Vacate Moving out? 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It’s not easy for millennials to find homes they can afford in San Diego County with a shortage of inventory and high home prices. It’s a good time to turn an existing home into a rental property with the help of qualified property managers. According to a recent [report](http://www.businessinsider.com/salary-to-live-in-major-us-cities-2015-8/#8-san-diego-8) by businessinsider.com, the suggested annual income for a person living in San Diego, California, is about $135,000. If an individual spends $67,000 on necessities, $40,000 on discretionary spending and puts aside $27,000 for savings, they could live comfortably while saving up for a house. Since most people don’t earn enough to save for the future, they delay home ownership. If you already own a rental property, consider working with a property manager to maximize your profits. Australian millionaire Tim Gurner recently chastised millennials for spending money on avocado toast and coffees instead of saving up to buy a home. But experts point out most American millennials have too much student loan debt and not enough savings to qualify for a home. Even though most millennials do not have the money to save up to buy a home, they spend at the top of their budget to achieve a better lifestyle as a renter. ![millenial-apartment.jpg](https://www.hometeampm.com/hs-fs/hubfs/Imported_Blog_Media/millenial-apartment.jpg?width=661&height=441&name=millenial-apartment.jpg) **Figuring out the market rent** For rental property owners with investment properties in the college area, expect a $3,000 rent for a three bedroom, two bathroom home with more than 1,300 square feet and nice features. A home in Ranch Del Rey with the same size and bedrooms/bathrooms might go for about $2,100, depending on the interior features. Oceanside condos often lease for about $3,000. By relying on a property manager, you know your tenants are paying a competitive market rent. If you want to boost the market rent, include a washer and dryer instead of just a hook-up. Also, consider renting your investment home as a fully furnished unit to attract renters relocating to the area or coming as part of a work assignment. **Making sure renters carry insurance** Another way [property managers](https://blog.hometeampm.com/why-you-should-hire-full-time-property-manager) help is by ensuring renters carry renters insurance with at least $100,000 liability. Some DIY landlords run into complications when they expect renters to carry insurance as well as pay for gas and electric. Some other sticky situations property managers handle include whether or not to accept section 8, security deposits, application fees and fair housing laws. Few investors have the time to spend dealing the day-to-day problems that occur with rental homes and tenants. It gives investors greater peace of mind to know their tenants receive the white glove treatment through a property management company. **Providing the in-demand features** Even though most millennials can’t afford to buy a home or save up what they need for a down payment, they are willing to splurge for a rental home that already has their ream features and amenities. If you want to convert your current condo or home into a rental home, consider some of the features that qualified renters often love. Young renters and buyers love stainless steel or trendy appliances in different colors, laminate or engineered hardwood floors, high-end countertops and a clean, fresh, modern look. While the San Diego real estate market is always changing, most investors love the return on their investment. Real estate is a great addition to any investment portfolio. At HomeTeam Property Management, we coordinate all of maintenance needs for your rental home in San Diego County. We also find qualified tenants. For more information on why it’s an excellent time to rent out your existing home or buy a rental property, please contact us. We offer full property management services as well as help for people looking for an exceptional San Diego rental home or condo. ![icon](https://www.hometeampm.com/hubfs/Home_Team_2022/Group%205168%20(1).svg) #### SUBSCRIBE TO RECEIVE THE LATEST NEWS Stay in the know with the latest news form the leaders in property management ### Subscribe Here! ### Popular Posts #### The Great Pet Debate: To Allow Pets In Your... | HomeTeam Property Management | 30 January 2020 When you become a landlord, it is up to you to decide what you will... [READ FULL POST](https://www.hometeampm.com/blog/great-pet-debate-allow-pets-in-apartment) #### What Counts as a Rental Home Maintenance... | HomeTeam Property Management | 11 November 2020 Tenants are often shy about calling for repairs from their landlords... [READ FULL POST](https://www.hometeampm.com/blog/what-counts-as-a-rental-home-maintenance-emergency) #### How Many Pets Should Be Permitted Inside Your... | HomeTeam Property Management | 16 June 2020 It's estimated that 67% of all families in the U.S. own at least one... [READ FULL POST](https://www.hometeampm.com/blog/how-many-pets-should-be-permitted-inside-your-property) ## SIMILAR POSTS #### 10 Things Every Tenant Should Look For in a Lease | HomeTeam Property Management  | 08 January 2021 Renting a home requires some attention and good decision-making. It's not just about finding the... [READ FULL POST](https://www.hometeampm.com/blog/10-things-every-tenant-should-look-for-in-a-lease) #### 5 Clever Home Plumbing Maintenance Tips | HomeTeam Property Management  | 16 October 2018 Hot and cold running water is one of the classic definitions of luxury in our society, but somehow... [READ FULL POST](https://www.hometeampm.com/blog/home-plumbing-maintenance-tips) #### 5 Rental Lease Questions Every Landlord Should Ask Themselves | HomeTeam Property Management  | 11 January 2019 The rental lease is a time-honored tradition and mutual legal protection between landlords and... [READ FULL POST](https://www.hometeampm.com/blog/rental-lease-questions-every-landlord-should-ask-themselves) #### Property Managers Explain Investor Advantages at Tax Time | HomeTeam Property Management  | 25 February 2020 Real estate investors leverage their rental homes as a simple and easy way to make money. But it’s... 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