Los Angeles Housing Shortage

Inflation is the word on the street of Downtown Los Angeles. Rents are skyrocketing, as rental inventory is getting snatched up by the quickest of renters. Those renters who think there’s no hurry will often find that someone else has just put in an application the previous day. To help renters obtain the most amazing loft and a great deal, here are some IMPORTANT HOME RENTING AND MOVE-IN TIPS:

We’ve heard from some renters lately that they can’t believe how fast some of the lofts, condos and apartments for lease are being rented out. The best deals go quickly. Place your highest and best offer on the very first day of a listing. Call to request a prompt appointment, and submit a lease application quickly to beat out other renters to the best deals. All properties are subject to prior lease without notice. Owners, managers and agents are not always able to provide counter offers, details of competing renter offers or warnings before owner accept competing renter offers. Rent prices and terms are negotiable. Applicants may offer less than the asking rent, but if the prospective renter offers too little, the applicant may lose to another offer.

Most leases and moves entail delays and unexpected miscellaneous expenses. Some transactions fail after incurring expenses for the prospective renter.

Delays are common. Be sure to allow plenty of extra time for moving, and extra money for unanticipated costs.

If unit is equipped with gas appliances, please ensure that the owner has installed a carbon monoxide detector before moving in

For condos, an HOA Home Owners Association move in fee, move out fee and HOA move in security deposit are often required; ask the HOA for details. These are commonly $125 to $250 per move. A move in appointment and information form is required by most HOAs. Contact the HOA well in advance to make move in arrangements.

Electricity may be turned off before or right after your move in. Call DWP to transfer and turn on your electricity early
ladwp.com
800-dial-dwp

SoCal gas
1-800-427-2200

Cable tv is usually
https://www.spectrum.com

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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, DRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.