It’s a Renters Market

Dec 11, 2008 - 3:54 pm | By


The winter is usually a great time to find an apartment in Los Angeles, especially in the beach cities, where the cold Pacific Ocean wind keeps prospective volleyball players and bikinis at bay.  According to Fox News, the housing slump has also created a renters market saturated with additional rental housing options for prospective tenants.  The reason is because many homeowners can’t sell their houses or condos right now.

“They’re pulled their condos off the markets and they put them in the rental pool,  so now our rental pool is now saturated too”  

Act fast to take advantage of this rare combined effect of winter and housing slump and pick up that apartment you’ve always wanted.  There are attractive rental rates available as well as incentives to move; sometimes 1month or 2 months free. 

If you are looking to live a complex, duplex, or any sort of apartment living in close proximity to other tenants, make sure your landlord screens every tenant.  This usually includes a credit history report, income verification, and employment verification, but should also include a criminal history search.  You can learn a lot about your landlords’ property management style by how they treat you during the lease signing period.

 



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