WestsideRentals.com

If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!

Santa Monica continues to see a substantial drop in rental rates. “We’re still seeing landlords reducing their vacancies by $300 a month” says spokesperson Randy Wecker, of WestsideRentals. “This actually is the best time to rent if your looking for a great place in a great area that is normally ridiculously priced.”

SANTA MONICA, CA — (Marketwire) — 07/29/09 — Tough economic times may be a boon to Southern California renters, according to a survey of rent prices for more than 50,000 properties.

Average monthly rents for Santa Monica Apartments fell 20 percent in June 2009 compared to one year ago, while rent prices across greater Southern California dropped 24 percent, based on a survey of listings at WestsideRentals.com , Southern California’s leading resource for rental properties. The listings for Los Angeles Apartments showed even worse decreases over the last 12 months.

"At a time when mortgages are difficult to obtain due to tighter lending standards and high home prices, renting remains an attractive housing alternative for Southern California residents," said Mark Verge, WestsideRentals.com owner. "While the real estate market is stabilizing, lower occupancy rates and new units coming on the market are creating bargains for renters in Santa Monica and throughout the Southland."

For example, Santa Monica-based landlord Doug Franklin, who owns seven rental properties in the city, has recently dropped the rent on a two-bedroom property from $2,395 to $1,830 per month. Similar rent decreases can be found in communities from Pasadena to Irvine to San Diego, based on WestsideRentals.com ’s extensive database of more than 50,000 listings throughout Southern California.

"In today’s market, rent prices fluctuate on a weekly or even daily basis," Verge said. "Landlords are staying proactive to offer competitive rent prices, and renters are finding real value for their money."

To help landlords gauge the rental market and find the most up-to-date information on rent levels in their areas, WestsideRentals.com offers a free price comparison tool. The feature makes it easy for landlords to establish pricing on an available unit at a level appropriate for their market.

About WestsideRentals.com

Based in Santa Monica, WestsideRentals.com is the definitive marketplace for connecting landlords and tenants in Southern California. Since 1996, WestsideRentals.com has helped more than 1 million renters search for housing and hundreds of thousands of landlords find responsible tenants to fill their vacancies. WestsideRentals.com offers live help, more than 15,000 property photos and more than 20,000 available rentals that can be updated in real time.

Contact:
Mark Verge
CEO
Email Contact
(310) 395-7368

Contact:
Nasi Peretz
(626) 319-3187

http://money.aol.com/article/westsiderentalscom-now-available-on-the/505846?icid=sphere_searchsphere_news

http://www.reuters.com/article/pressRelease/idUS92278+01-Jun-2009+MW20090601

1) sneak it in

2) lie about it never barking

3) don’t have a pitbull

in all seriousness….

4) get your dog groomed before meeting the landlord

5) offer a pet deposit

http://www.facebook.com/editphoto.php?aid=3529#/profile.php?id=1656127868&ref=name

 http://twitter.com/therentalman

By Marisol Bello, USA TODAY

More homeowners, and some renters, have taken in boarders in this sour economy.

CLICK on link below for full story:

 http://www.usatoday.com/news/nation/2009-02-15-roommates_N.htm

Guest Speaker: Attorney form the Duringer Law Group

Topic: “Avoiding the Pitfalls with Preparing and Serving Eviction Notices.”

Bonus: “Ask the Attorney” Open Q & A session to follow

Also, We will have speakers from the following departments:

Tenant Screening, Feature Rentals, Brokerage and Insurance. Landlords will be encouraged to ask questions, we’ll demonstrate and teach how to log into a landlord account and navigate the Landlord Main Menu page. Snacks will be provided and parking is free behind our office.

We hope to see you at our seminars!
Where: Westside Rentals Corporate Headquarters
1020 Wilshire Blvd. Santa Monica, CA 90401

Time: 7-8pm
Questions? 310.395.7368

Home rental rates are dropping in Los Angeles. The first time since 2001.

Click on link below to view CBS News aired January 9, 2009

http://www.cbs2.com/video/?id=89083@kcbs.dayport.com

This survey report contains statistical and sample vacancy and rental housing market information for Los Angeles rentals, including Los Angeles apartments, Los Angeles condos, Los Angeles guest houses and Los Angeles homes for rent. Specific areas covered in this survey include Beverlywood, Brentwood, Cheviot Hills, Rancho Park, Santa Monica, West LA, Bel Air, Beverly Hills, Century City, and Westwood

Since 1996 WestsideRentals.com has successfully connected hundreds of thousands of quality tenants with landlords and roommates. WestsideRentals.com is the definitive location for owners and managers of Los Angeles rentals to locate quality tenants searching for apartments in Los Angeles, condos in Los Angeles, houses for rent in Los Angeles, and guest houses for rent in Los Angeles. Initially started in Santa Monica, due to overwhelming demand from landlords in need of quality tenants to fill their vacancies, WestsideRentals.com has grown to cover most of Southern California. As a service to the rental community we regularly publish rent surveys to assist in making the rental market more transparent and efficient for all of its participants.

For April, 2008, the average listed rent price of all listed rentals in these areas was $2,605.05, representing a 4.4% increase over two months ago. (Hi-Res) This was a general price increase across all rental types, with about 16% of listings in the West Los Angeles - North region being houses, duplexes, or triplexes, as opposed to apartments, condos, or townhouses. This ratio of houses to apartments was relatively unchanged over two months ago, when approximately 16% of listings in these areas were listed as houses, etc. (Chart | Hi-Res)

There was a shift toward more multi-bedroom houses and apartments listed for rent. Two months ago, approximately 51% of listings in the West Los Angeles - North region had two or more bedrooms. For April, 2008, that percentage has increased to approximately 53%. (Chart | Hi-Res)

The largest rent increases occured in Beverlywood, where the total increase was 38.0% and Westwood, where the total increase was 12.6%. Rent prices also increased in West LA (Up 10.9%), Brentwood (Up 9.0%), and Santa Monica (Up 3.4%)

Rent prices decreased in Bel Air by 24.0% and Beverly Hills by 13.0%.

This data is based on the listings at WestsideRentals.com, which are based entirely on the information provided by landlords who choose to list their vacancies on the service. WestsideRentals.com believes that the search for housing is a very personalized process. The best way for an individual to get educated on current market trends is to see the market in action. Register today to receive Free Listings in your email.

Additional information from this rent survey, including high-resolution charts and detailed reports for each area in this region can be found at http://www.westsiderentals.com/rentsurvey.cfm?survey=42_080501_A. All current and historical WestsideRentals.com rent surveys can be found at http://www.westsiderentals.com/rentsurvey/archive.cfm