L.A. Real Estate. To Buy or Not to Buy? That is the Question

To buy or not to buy a home in Los Angeles?

Los Angeles is not an inexpensive place to live, and not a place where you can easily say it makes more sense to buy than rent. However, I often get people who are considering renting a home in Los Angeles and end up buying because it does make more sense. Because rents are so high in Los Angeles we are talking about people looking for rentals around the $3,000 and up mark. At $3,000 a month you are throwing away $36,000 a year paying someone else's mortgage, and at this level it makes … [Read more...]

Renting your Home in Los Angeles. How do You Price it?

Frequently asked questions, when renting a Los Angeles home

You are thinking of renting out your home in Los Angeles and are not sure how you should price it.  This is a little more complicated than if you were selling it. When you are selling a home in Los Angeles you have a basis from which to work.  That would be comparable sales (comps). Your real estate agent will look at what has sold in the general area of your home. These would be homes of a similar size, features and condition and that is what a buyer is going to be looking at also. It is … [Read more...]

Buying or Renting a Home in L.A. Don’t Shoot the Messenger

When buying a home in L.A. don't shoot the messenger

When buying a home in Los Angeles you hopefully will and should have your own buyer representation through a Los Angeles Realtor®.  And sometimes you will use a Realtor® when you are looking for a Los Angeles rental property. Remember that when you choose your agent they are working for you and no one else.  Their duty is to you the buyer or renter. They also do not call the shots, the seller or landlord does. So if you receive certain requests for information when writing a purchase … [Read more...]

Renting a Home in Los Angeles. Sample Lease and Application

Check out the Los Angeles rental market

If you are considering renting a home in Los Angeles with the help of a Realtor®, you may not be familiar with what will be required to present to the landlord. The first think you will be asked to do is fill out an application.  Together with this you will most probably be asked to run your own credit report. Sometimes the landlord's agent will ask for funds and will run the credit themselves, but generally you will be allowed to run it. Three recommended sites on which to run your credit … [Read more...]

Need Help Finding a Los Angeles Home for Sale or Rent?

A Realtor® can save you time when buying a home in L.A.

If you need help finding a Los Angeles home for sale or rent, call a Los Angeles Realtor®. You are a busy person, right?  Do you think it is the best use of your time to scour the internet for homes of interest? Isn't it rather frustrating to try and get hold of someone to show you that property?  Have you ever left a message with no return call? Do you know the history of the property?  I could go on and on. Many Los Angeles home buyers and renters who contact me do so because they saw … [Read more...]

Relocating to Los Angeles? Don’t Know Where to Start?

Los Angeles Real Estate Homes for Sale

Are you thinking of relocating to Los Angeles and don't know quite where to start? Do you need help?  Someone who knows the area and has helped numerous people like yourself settle in? Here are some things to consider: You are going to have to pick an area.  This may depend on: Where you are going to be working. What school you would like your child to attend. What kind of housing you can afford whether it be a rental to start - a condo/apartment or a single family … [Read more...]

5 Ways to Rent a Home in Los Angeles With Poor Credit

You will need a good credit report if renting a home in Los Angeles

If you are looking to rent a home in Los Angeles, you will need to be aware that your credit is extremely important.  I cannot count how many times potential tenants have been refused because of the state of their credit. Checking your credit report is the main tool that a landlord has to see what kind of a tenant you will make.  They tend to look for people with credit in the 700s and up and it is sometimes very difficult to convince them that you will make a good tenant if you are below … [Read more...]

Frequently Asked Questions When Renting a Los Angeles Home

Frequently asked questions, when renting a Los Angeles home

If you are moving to Los Angeles, or maybe selling your home and moving to a Los Angeles rental, you may not be familiar with the process.  So here are answers to some questions you may have. Q:  How do I find a rental property in Los Angeles? A:  There are many ways to find a rental.  You can join Westside Rentals, where you pay a small fee, or look at some of the online sites like Craigslist, which will generally show the same properties as Westside Rentals.  However, you need to be … [Read more...]

How to Find a Rental Property in Los Angeles

How to find a rental property in Los Angeles

Why is a Los Angeles real estate agent, advocating renting a property in Los Angeles?  We work on commission and of course would love to help sellers sell and buyers buy property for obvious reasons.  However, in this Los Angeles real estate market that is becoming a little challenging to say the least right now.   Why is that? Inventory is low and competition for buyers is huge. The Los Angeles real estate market is not inexpensive and many buyers are priced out of it for the … [Read more...]

Lovely Highland Park Home for Rent

Highland Park home for rent

Great 2 bedroom house in excellent condition. Good location, on the border of up-and-coming Highland Park and Eagle Rock, close to Occidental college. Brand new appliances (fridge, stove), new cabinets, new paint, new hardwood floors, detached 1 car garage, backyard. Perfect for small family, couple, or responsible roommates. View Rent a Lovely Highland Park Home in a larger map &nbsp For more information on how I can best serve your Los Angeles real estate needs, don't … [Read more...]

Looking for a Los Angeles Rental Home? How is the Market?

Check out the Los Angeles rental market

If you are moving to Los Angeles or simply looking for a Los Angeles rental home  you will want to know how the rental market is doing.  Just like homes for sale, the Los Angeles rental market favors landords.  If something good is listed, at the right price, it will go quickly. So let's take a look at the trend over the past six months (prices are per month): Community Leased Price Range Median Active Median Bel Air/Holmby Hills* 46 $1,850 - … [Read more...]

What Happens When a Los Angeles Home is Listed for Sale AND Rent?

What happens when a home is listed for sale AND rent?

When looking for a Los Angeles home to buy or rent you may find something on the market that is listed in both categories.  What does this mean? In the days when it was a buyers' market then probably the owner needed out for one reason or another and was not sure he or she would be able to sell the home.  So they put it on the market for sale. Now, with low inventory that would probably not be the reason.  It could be that the owner wants a certain price and if they don't get it they will … [Read more...]

Can’t Find a Home to Buy in Los Angeles? Let’s Help You Find a Rental While You Wait.

Waiting for a house to buy in Los Angeles, let's find a great rental

It's getting tougher and tougher out there to find a home to buy in Los Angeles  with the low inventory, so if your are moving to Los Angeles or downsizing your home, then a rental is going to be the way to go. Not that rentals are easy to find.  The minute the good ones come on the market they are gone.  But if you know what you want and move quickly then you stand a good chance of finding the right property.  This will give you a good amount of time for inventory to build and for you to … [Read more...]

Los Angeles Rentals | How Do I Handle No Credit or Bad Credit?

How to get a Los Angeles rental property with bad or no credit

Los Angeles Rentals with no credit or bad credit? A few of my rental clients are looking for Los Angeles rentals will less than stellar credit or no credit. The sad part is they often don't know that their credit will not meet the standards of a prospective landlord and are shocked when they are refused.  One hit on your report, a late payment, something about which you may not be aware, can drive your score down, so you need to check your credit report at least once a year. What is … [Read more...]

Santa Monica Rentals | What is Available Right Now?

Santa Monica rea estate market 2nd Qtr 2013 in review

If you are thinking of renting a home in Santa Monica there is a section on this site where you can check out what is available, broken down by price. For an overview of what is going on right now in the crazy rental market, here you go: Santa Monica rentals under $3,000: Single family homes:  0 Condos:  5 of which 1 is a one-bedroom and 4 are two-bedrooms From $3,000-4,000: Single family homes:  4 of which 3 are two-bedrooms and one is a three-bedroom Condos:  7, of which 1 is … [Read more...]

10 Tips for Finding a Los Angeles Home Rental

Los Angeles Rental Properties, Renting a Home in Los Angeles

Are you looking for a Los Angeles home rental?   If you have been following the Los Angeles real estate market then you will know that inventory is low.  It is the same for Los Angeles rentals also. Here are some tips for finding a Los Angeles home rental in this competitive market: If you are looking for a rental under $2,500, use Craigslist, Westside Rentals or drive around and watch for "For Lease" signs.  You will get the most choice this way. Over $2,500 it will probably pay to use … [Read more...]

Looking For a Rental Property in Los Angeles? Try West Hollywood

West Hollywood Community, West Hollywood Homes for Sale

You are looking for a rental property in Los Angeles and want a more affordable area with a great Walkscore, that would be West Hollywood. West Hollywood has a Walkscore of 89, which is very good for Los Angeles where people get in the cars to drive 5 blocks. Some of the attrations of  West Hollywood are: Night life, dining out, art galleries, design centers, spas, fitness, entertainment and much more.  West Hollywood truly has it all. Central location.  West Hollywood is next to … [Read more...]

Looking For a Rental Property in Los Angeles Try Santa Monica

Santa Monica real estate market report

You are relocating and looking for a rental property in Los Angeles.  Try Santa Monica. Why live in Santa Monica?  Here are some reasons: The Santa Monica-Malibu School District is excellent, and includes Roosevelt Elementary, Franklin Elementary, and Santa Monica High. The air is fresher and the days cooler near the ocean. Restaurants, shopping and entertainment abound:  including Third Street Promenade, Main Street, Santa Monica Pier and Montana Avenue. Santa Monica is 10 miles … [Read more...]

Looking For a Rental Property in Los Angeles? Try Westwood

Westwood Real Estate Market Report November 2012

Looking for a rental property in Los Angeles?   There are many reasons you may be thinking of renting rather than buying at this time: You are downsizing your home and haven't decided where you want to live yet. You are moving to Los Angeles and the same as above, haven't decided where you want to live. Unfortunately, you lost your home to a foreclosure or short sale. You don't have the down payment to buy a home right now. What are the attractions of  … [Read more...]

Rentals and Los Angeles Realtors, an Explanation

Los Angeles Rental Properties, Renting a Home in Los Angeles

I think there is a misconception of how Los Angeles Realtors® handle rentals, so clarification is in order. Much as we may love what we do as Realtors® we are paid totally on commission.  Until a deal is consummated we can run around for weeks, months, or even years with all the expenses and no income.  Now don't get me wrong, in Los Angeles one deal, and by deal I mean sale, can be worth all the hard work involved in making that deal happen.  And it is all part of the business. Who … [Read more...]