Coronado
Property Management
Good Life Property Management has become experts in Coronado property management over the last 10 years. As a result, we know how to effectively market and manage your Coronado rental property. We take care of marketing, tenant screening, rent collection, maintenance and more! Property management in Coronado can be challenging, but it doesn’t have to be with Good Life.
Our Coronado Property Management Services
- Advertisement
- 3D Tour
- Market research
- Quality photography
- Tenant screening
- Rent collection
- Direct deposits
- Lease management
- 24/7 maintenance
- Eviction coverage
- Monthly statements
- Property inspections
Overview
About Coronado
Coronado is a resort-like island that is connected to San Diego by a tombolo called the Silver Strand. This island oasis is well-known for its incredible beaches, Hotel Del Coronado, and Coronado’s Public Golf Course. Coronado is also home to the Naval Amphibious Base and West Coast Base, where U.S. Navy Special Warfare and Navy SEAL teams train. In fact, sometimes you can spot them training on the beach in the distance.
Coronado attracts visitors from all over the world. From flagship cruises to incredible sunsets, this lively town is a hot destination for all.
During non-rush hours, Coronado is approximately 12 minutes from Downtown San Diego and 18 minutes from the San Diego International Airport. Even though everything seems close, the Coronado Bridge can get very congested during rush-hour traffic. This can significantly extend commute times.
Why owning rental property in Coronado is a good investment
According to the U.S. Census Bureau, Coronado has an estimated population of 18,702 and a median household income is $114,559. Only half of the houses in Coronado are owned (53.2%), while the rest are rented. This makes for a healthy renter population.
Since Coronado is a highly regarded city, residents will pay top-dollar for a rental property. You also have the option of turning your long-term rental into a vacation rental. That way, you can enjoy its benefits during vacant periods.
Owning property in Coronado is a good investment because home appreciation is constantly on the rise. Over the last 10 years, home appreciation in Coronado increased by 13.8% (source). Another perk is that Coronado has relatively low property tax rates, at only 1.05% (source).
If the idea of renting out your property yourself seems too daunting, consider hiring a Coronado property management company like Good Life property management. We make owning rental property easy. To learn more about Good Life Property Management, check out our Client Guide.
How much does Coronado property management cost?
Every Coronado property manager has their own fee structure. At Good Life Property Management, we offer house, condo, and 2–4 unit property management for an 8% monthly management fee, with a reduced rate of 7% for properties renting over $6,000 per month. For multi-family properties (5–15 units), we offer a 6% monthly management fee. In addition to the monthly management fee, we charge a leasing fee equal to 25% of one month’s rent, a $150 annual inspection fee, and a $195 lease renewal fee.
Give us a call for a free consultation!
Our team is ready to help with your Coronado property management needs.
Chloe Slater
DRE #02161657
Adam Manly
DRE #01953442
Business Development Managers
Request a free consultation
Home Prices
in Coronado
Coronado has some of the most beautiful beaches, waterfront properties, and resort-like living in San Diego. Since the island is only 7.9 square miles of land, there is always a short supply of homes to buy and rent. As a result, Coronado has some of the most expensive rental rates in all of San Diego County.
While housing is a very expensive aspect of living in Coronado, other local amenities considerably drive up the cost of living. Since many goods, services, and groceries need to be shipped or transported in, they cost more than the national average.
Even though the cost of living is higher than most other locations, people from all over the world flock to Coronado for the good weather and resort-like living experiences. Therefore, rental properties will always be in demand. If you hire a reputable and professional Coronado property management company, then renting your property can become an easy and seamless process.
Pros of Investing in Coronado
Since Coronado is such a desirable location, home appreciation is always on the rise. If you choose to turn your property into a long-term rental, you will also have very little to no vacancy. With the help of a Coronado property management company, you can generate healthy rental income from your property.
Cons of Investing in Coronado
Since residential properties are so expensive in Coronado, the price-to-rent ratio makes it almost infeasible to positively cash flow. In addition, homes are, on average, 45 years old. With older homes, there are often unforeseen maintenance costs, such as foundation issues, electrical issues, etc.
Home Prices in Coronado
These are the year to date stats as of December 2022. For monthly stats, visit the San Diego Association of Realtors website.
$3,095,000
The median price of a single-family home in Coronado – 92118 (year-to-date average)
$1,537,500
The median price of condos/townhomes in Coronado – 92118 (year-to-date)
Rental Rates in Coronado
$8,500/month
The average rent for a 3-bedroom apartment in Coronado.
$5,500/month
The average rent for a 2-bedroom apartment in Coronado.
$5,000/month
The average rent for one bedrooms in Coronado.
Good Life Promise
Real protection. Real Value. Real peace of mind.
Tenant Damage Coverage
We cover up to $3,500 in total reimbursement for physical damage, above the security deposit, caused by the tenant or their approved pet.
Eviction Protection
If a tenant we place needs to be evicted for any reason, not just nonpayment - we’ll cover up to $3,000 in court and legal fees, including attorney costs.
Releasing Support
If your tenant breaks their lease or is evicted within the first year, we’ll waive the leasing fee to find a qualified replacement -- at no cost to you.
Money back guarantee
Still unsure? Our six-month money-back commitment refunds up to 6 months of management fees if you’re not satisfied. No hassle, no hard feelings.
No long-term commitments
Stay because you want to, not because you have to. Month-to-month management with no long-term commitments required.
Risk and Fraud Protection
We protect your investment with rigorous tenant screening, secure payment systems, and proactive measures to minimize risk and prevent fraud.
Total Value:
over $10,000 in real, tangible protection.
- Eviction Management
- Rent Collection & Distribution
- Annual Inspections
- Lease Enforcement
- Expert Marketing & Listing
- Professional property photos
- On-Demand Showings
- Thorough Tenant Screening
- 24/7 Maintenance
- Rent-Ready Repairs & Cleaning
- Tax Document Preparation
- Move-in and Move-outs
Military Partnership
First Month Management Free for Veterans and Active Duty Service Members
We understand that when an active duty military member has to relocate, they often need to find a good Coronado property management company quickly. Our team is ready to respond to their needs.
Experts in Education
Your success is our business. That’s why we created the Learning Center, to educate our clients on essential California rental knowledge and Coronado property management. Through blogs, videos, e-books and more, we share the most up-to-date information to help you succeed.
E-Books
Check out our downloadable guides for instant information on land lording in San Diego!
Videos
We have a ton of videos on tenant tips and home maintenance that can answer quick questions.
Blogs
Learn about all things Coronado property management in our expert-run blog.
Testimonials
