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.......