The rental market in Los Angeles has really tightened up over the last 6 months

By
Real Estate Agent with John Aaroe Group BRE #01708344

The rental market in Los Angeles has really tightened up over the last 6 months.

My partner and I have some rental properties.

Last December we had a tenant move out of one of our single family homes, and it seemed at the time that the world was freaking out and those sellers who could not sell were looking to lease out their properties, thus creating a downward spike in rental prices.

I did some reserch and found that the same properties are now renting out for about 10-15% higher on average.

Not only that, but there are alot fewer Los Angeles rental properties available!

This is good news.......

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Re-Bloggged 2 times:

Re-Blogged By Re-Blogged At
  1. Richard Ruggaber 06/04/2010 12:38 AM
  2. Rose Osman 07/19/2010 02:30 PM
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Topic:
ActiveRain Community
Location:
California Los Angeles County
Groups:
Condo Benefits
Condo Specialists
EXPRESS WITH WORDS AT ACTIVERAIN
Investing for Dummies
LA Connection
Tags:
los angeles rental properties
los angeles real estate
ralph gorgoglione

Comments 1 New Comment

Anonymous #1
Anonymous
Anonymous

Ralph,

Our market suddenly went soft. We can't figure it out quite yet.

June 04, 2010 01:11 AM
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Ralph Gorgoglione

California Real Estate (800) 591-6121
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