Market Conditions in 38104>Question Details

Beatrice Bla…, Other/Just Looking in San Jose, CA

Are Midtown house rental prices going up or down, particularly Cooper Young and by how much?

Asked by Beatrice Blatteis., San Jose, CA Sat Apr 5, 2008

For a 3 BR 1 ba house in excellent condition 1200 sq feet, central air & heat

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hi Beatrice -- For a 3 BR 1 ba house in excellent condition 1200 sq feet, central air & heat, ... you can still find good rental deals.

I just rented a completely renovated home for $950. 3BR 1BA 1300 sf --Central air, refinished hardwood floors, new appliances, washer and dryer hook ups, great deck, fenced in back yard... I work exclusively in the area, and keep my eye out for good home prices.

i've got another for sale or rent -- 3BR 2BA -- Walking distances from the best cafes, art galleries, restaurants, boutiques, and music venues, this home reflects the creative spirit of the neighborhood! - hw floors, HVAC, great upstairs room, lg kitchen, huge deck & fenced in back yard! -- go to my site and check it out (on Fleece) -
ONLY $1200 - sweet. Go to my site for more info & ck out http://www.jimmy-thompson.com

Jimmy Thompson
Keller Williams Realty
1255 Lynnfield Rd. / Suite 100 / Memphis, TN 38119
901.729.3415 Direct
901.484.4539 Mobile
901.261.7900 Main
901.261.7999 Fax
jimmythompson@kw.com
http://www.jimmy-thompson.com
0 votes Thank Flag Link Tue Feb 15, 2011
People can rent out for anything they think they can get. Rent ranges, as they are referred to, are based on supply and demand. If you are willing to pay $15,000 a month, there is no one or agency that will disallow the landlord from charging you that. When you buy, that is another story since that is an investment usually secured by a loan.

I try to keep my rentals in check with what is fair and honest with the neighborhood. I have had some stay the same for a couple of years and then others that escalating, due to location and demand. Also, I evaluate the risk factor - how nasty is one's credit (usually people rent instead of purchasing because of bad things in their closets). If it is just a case of being in an area for 1 year, a divorce pending or company housing - that's another story. I never discriminate over anything except the ability to pay.

As far as your question in Midtown on rental - it depends on the street!

Take care,

Jo Shaner
Web Reference: http://www.lipseyshaner.com
0 votes Thank Flag Link Sun Apr 6, 2008
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