Moving to Los Angeles? How is the Rental Market Right Now?

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Real Estate Agent with Power Brokers Int'l BRE# 01439865

You are planning on moving to Los Angeles, and are wondering about the rental market.

Well, it is hotter than ever.  Prices are rising and properties in good areas are going quickly.

Yesterday I went to the first open of a single family rental in Westwoodand the place was packed.Los Angeles Rentals

You probably are not ready to buy before you check out some of the Los Angeles communities, because you are not sure where you will want to end up living.  Renting for a year is a good way to find out.  And the easiest way for you to narrow down your search is to use a Los Angeles Realtor®  to help you find that perfect place.  Looking for properties when you don’t know the areas and trying to set up appointments with different agents will drive you nuts.  And using the service of a Realtor® is free to you.  You cannot imagine how much easier it is.

In this rental market it will help if you can be somewhat flexible.  Everyone wants the hardwood floors, inside laundry, gated parking, view, etc. but unless you are prepared to pay a premium, finding them all in one place is going to be difficult.  And if you have pets, you may have to be more flexible.  I can’t tell you how hard it is to find places that will take a small dog, let alone two Great Danes…..

All you need to do is provide your criteria.  Here is a list that helps me:

  • Where your commute will be?
  • Number of rooms (do you need 2 full bathrooms or is 1.5 enough)?
  • Maximum price
  • Number of people living there
  • Do you need furnished or unfurnished?
  • Do you have good credit.  If not can you show proof of funds, or can you get a guarantor?
  • When  do you need to take possession.? If not immediately, are you prepared to pay for the property to be held?

And if you are ready to make an offer on a property, this is what will be needed:

  • Many of the properties handled by an agent require 2 months security to be paid plus the first month’s rent.  There is generally no negotiation on this.  Make sure you are comfortable paying this up front.
  • You will need to run your own credit and provide it to your agent together with the application form they will send you to fill out.  If your credit is not good, and sometimes even if it is, you may be required to provide proof of funds or a letter from your employer.

Most of all, be prepared to move quickly on the property you want.  Because chances are others will also want it.

Search Los Angeles Homes for Rent by Area

 

 

Buying or Selling Los Angeles Real Estate

Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!

When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.

If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.

Westside Los Angeles Real Estate, including, but not limited to:

For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.


Read more: http://www.homejane.com/moving-to-los-angeles-how-is-the-rental-market.html#ixzz1u2CoI1M9

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Topic:
Real Estate Market Trends
Location:
California Los Angeles County Los Angeles
Groups:
Market Reports
Tags:
renting a home in los angeles
moving to los angeles
los angeles rentals

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Rainmaker
863,369
Jane Peters
Connecting you to the L.A. real estate scene
Power Brokers Int'l

Susan,  funny, but one landlord I saw yesterday hadn't got the message.  His rent was low and he said it was a tough market.  It certainly isn't.

Jim,  thank you very much.

Patty,  thank you.  We have few open houses for rentals, but I really admire the agents who do them.

May 06, 2012 11:17 AM
Rainmaker
692,485
Juli Vosmik
Scottsdale/Cave Creek, AZ real estate 480-710-0739
Dominion Real Estate Partners, LLC, Scottsdale, AZ

Jane, having a knowledgable agent like Jane Peters when searching for a Los Angeles rental or home purchase is also key.  You know your market and you're able to provide additional information on different areas.  Particularly valuable for people moving to the Los Angeles area.  Great job, as always. 

May 06, 2012 11:55 AM
Rainmaker
863,369
Jane Peters
Connecting you to the L.A. real estate scene
Power Brokers Int'l

Juli,  and thank you, as always :

May 06, 2012 02:44 PM
Rainmaker
933,918
Bob & Leilani Souza
Placer County, CA: Foreclosures, Auctions, Rentals
Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)

Jane, these are all excellent questions to ask potential renters to help you best serve their needs. I haven't helped renters find properties since we left the SF Bay Area because here in the Sacramento area, our MLS does not allow rental listings. People use Craigslist around here to find rentals. :)

Leilani

May 06, 2012 11:48 PM
Rainmaker
863,369
Jane Peters
Connecting you to the L.A. real estate scene
Power Brokers Int'l

Leilani,  rentals are quite big here. Often homes are put on the MLS in both sale and rental categories.

May 07, 2012 10:28 AM
Anonymous
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Rainmaker
863,369

Jane Peters

Connecting you to the L.A. real estate scene
Need help with your Los Angeles real estate needs?
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Additional Information

A Los Angeles Realtor® specializing in absentee owners, out-of-town buyers and those needing extra assistance with one of the most important transactions of their lives. Just sit back and relax! You are in capable hands.

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