Are you looking for aÂ Los Angeles home rental? Â Â If you have been following theÂ Los Angeles real estate marketÂ then you will know that inventory is low. Â It is the same forÂ Los Angeles rentalsÂ also.
Here are some tips for finding aÂ Los Angeles home rentalÂ in this competitive market:
- If you are looking for a rental under $2,500, useÂ Craigslist,Â Westside RentalsÂ or drive around and watch for â€œFor Leaseâ€ signs. Â You will get the most choice this way.
- Over $2,500 it will probably pay to use the services of aÂ Los Angeles RealtorÂ®. Â This will save you a lot of time and the frustration of trying to coordinate numerous showings. Â You will also be updated of new listings immediately they come on the market, and hopefully be able to beat the crowd.
- Get all your ducks in a row. Â In order to make an offer on a rental you will need all or some of the following:
- Run aÂ full credit reportÂ on all three bureaus (freecreditreport.com,Â creditreport.comÂ andÂ annualcreditreport.comÂ are good ones to use.
- If your credit is not good then you may need to find a guarantor or cosigner for the lease. Â The other option, if you can afford it, is to offer to pay several months rent up front.
- Fill out an application which your RealtorÂ® will provide you. Â Have all the necessary information at hand such as: Â work information and references, residence history and references, personal contacts and references.
- Some landlords require that both tenants fill out the application. Â Be prepared.
- You may need to show proof of funds. Â Generally a landlord will want to see that you can cover at least one yearâ€™s rental payments.
- Many, if not most landlords require two monthsâ€™ security to paid, together with the first monthâ€™s rent. Â So you will need to have the funds to pay 3 months up front.
- If you are aÂ non-resident of the U.S.Â it will be a little more difficult. You may have to pay one year up front or find a guarantor for the lease.
- Having a pet, especially a larger do or multiple pets, will limit your options, especially in larger condominium buildings which have a pet policy. In this case you may want to:
- be a little flexible in your requirements. Something may have to give: Â the hardwood floors, inside laundry, viewâ€¦â€¦
- Be ready to view the property and make the offer. Â If you have an interest I guarantee you many others will too. Â This is definitely a case of the early birdâ€¦..
- You may want to add an incentive to your offer. Â Maybe sign a two year lease if you feel you will be there for a while. Â This is an advantage for you too since the landlord will not be able to increase the rent during the course of the lease.
- Like buying a home, you may receive a counter on your offer. Â This is a good thing. Â It means you are being considered. Â So donâ€™t be offended, and if it is something you can work with it might be worth accepting.
- Above all, donâ€™t be discouraged. Â You might consider looking for aÂ Los Angeles home rentalÂ early. Â If you find something you may have to pay a couple of extra weeks before you move, but it will be better than finding yourself without a place when you are ready to move.
Buying or Selling Los Angeles Real Estate
BuyingÂ orÂ selling a Los Angeles homeÂ can be a daunting process in a city this size, especially if youâ€™re new to L.A. Town. Youâ€™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 andÂ sell Los Angeles homesÂ 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, youâ€™ll need someone to handle all the details that you canâ€™t handle remotely. Thatâ€™s where I come in â€“ Iâ€™m there when you canâ€™t be. I also specialize inÂ lease property in Los Angeles.
WestsideÂ Los Angeles Real Estate,Â including, but not limited to:
For more information on how I can best serve yourÂ Los Angeles real estateÂ needs, donâ€™t hesitate to fill out theÂ contact formÂ or give me a call atÂ 310-473-6919. You may also request aÂ Market SnapshotÂ of your area of interest.
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