Based on numbers recently released by the National Association of Realtors and Rent.com, the average renter is pretty much throwing their rent away every single month. It’s not helping them build net worth at all. And if we take a closer look at the numbers, homeowners’ net worth is more than 45 times greater than that of renters.
So, yes—the fact that people buy homes to build equity—they’re right. If they own a home, they will build equity. They will build family wealth.
88 percent of property managers raised their rent in the last 12 months. And there does not appear to be any signs of stopping. That’s according to the Rent.com report. So almost nine out of ten places, rent went up. 68 percent of property managers predict that rental rates will continue to rise in the next year by an average of 8 percent! That’s not stable. It’s not stable to your pocketbook. And probably the most amazing revelation from this survey was that 53 percent—more than half—of the property managers said that they were more likely to bring in a new tenant at a higher rate than negotiate and renew a lease with a current tenant they already know. They’ll throw their existing tenant out to move the new tenant in—in more than half of the locations. No loyalty there. No loyalty means no stability. No safety in knowing that you’re going to be there for any length of time.
Don’t Pay Another Cent in Rent to Your Landlord Before You Read this FREE Special Report
Downtown Los Angeles – If you’re like most renters, you feel trapped within the walls of a house or apartment that doesn’t feel like yours. How could it when you’re not even permitted to bang in a nail or two without a hassle. You feel like you’re stuck in the renter’s rut with no way of rising up out of it and owning your own home. Well don’t feel trapped any more! A new FREE Special Report entitled “How to Stop Paying Rent and Own Your Own Home” has already helped dozens of local renters get out from under their landlord’s finger, and move into a wonderful home they can truly call their own. You can make this move too by discovering the important steps detailed in this FREE Special Report. It doesn’t matter how long you’ve been renting, or how insurmountable your financial situation may seem. With the help of this report, it will become suddenly clear to you how you really can save for the down payment and stop wasting thousands of dollars on rent. To order a FREE Special Report, visit www.NoRentLA.com. Get your free special report and stop wasting thousands of dollars on rent NOW.
Downtown Los Angeles has 36 condo buildings with occasional units for lease (listed by Realtors), plus another 108 loft apartment buildings and other managed communities, many of which do not always advertise or cooperate with brokers.
The average rent in Downtown Los Angeles is now more than $2,000 per month, with the cheapest nice lofts now running around $1,800.
The safest way to find the perfect rental in Downtown is to use the private 3-hour paid tour that includes extra help with up to three times as many lofts for lease, and includes a satisfaction guarantee. That way, the prospective tenant can be assured that they will find out about the very best deals, save hundreds or thousands of dollars or else get a refund.
For those who prefer to spend the time doing the research themselves, below is a super list of Downtown rental resources. Or, for those who would rather own with a low down payment, visit www.NoRentLA.com.
RENTAL LOFTS AND APARTMENTS (213) 880-9910 LAloftTour.com
717 Olympic – 717 W Olympic Blvd, 90015 8th and Hope – 801 S. Hope St, 90017
American Cement Building Lofts – 2404 Wilshire Blvd, 90057 Apex – 900 S Figueroa St, 90015 Ava Little Tokyo – 236 S. Los Angeles St, 90012 Avant South Park – 1360 S. Figueroa St, 90015 AVANTdowntown.com
Artisan on 2nd – 601 E 2nd St, 90012
Binford Lofts – 837 Traction Ave, 90013 Blackstone – 901 S Broadway, 90015
Brick Lofts – 652 Mateo St, 90021 Broadway Lofts – 430 S Broadway, 90013 Brockman Lofts – 530 W 7th St, 90014
Canvas L.A. – 138 N Beaudry Ave, 90012
Chester Williams – 215 W 5th Street, 90013
City Lights on Fig – 1300 S Figueroa St, 90015 Chapman Flats – 756 S. Broadway, 90014
Continental Lofts – 408 S Spring St, 90013 Eighth and Grand – Grand Ave, 90017 Elysian – 1115 Sunset Blvd, 90012 Emerson – 225 S Grand Ave, 90012 Emil Brown Building – 308 East 9th St, 90015 Factory Place Lofts – 1308 Factory Place, 90013
Grand Central Square – 306 W 3rd St, 90013
Gas Company Lofts – 810 S Flower St, 90017
Great Republic Lofts – 756 S Spring St, 90014
Hellman – 411 S Main St, 90013 Jeffries Lofts – 117 Winston St, 90013 L.A. Loft Tour – (213) 478-0499 http://www.LAloftTour.com
Lacy Studio Lofts – 2664 Lacy St, 90031 LEVEL DTLA – 888 Olive St, 90015 http://www.LEVELDTLA.com
Long Beach Avenue Lofts – 1250 Long Beach Ave, 90021
Medallion – 334 S Main St, 90013
Medici – 725 S Bixel St, 90017 MegaToys Lofts – 905 E 2nd St, 90012 Mercantile Lofts – 620 S Main St, 90013
Met Lofts – 1050 S Flower St, 90015
Metro 417 – 417 South Hill Street, 90013
Metropolitan – 315 West 5th Street, 90013
Milano Lofts – 609 S Grand Ave, 90017
Mozaic at Union Station – 888 N Alameda St, 90012
Museum Tower – 225 S Olive St, 90012 One Santa Fe – 1 Santa Fe, Los Angeles, CA 90012
Orsini Apartments – 550 N Figueroa St, 90012
Pacific Electric Lofts – 610 S Main St, 90014 Packard Lofts – 1000 S Hope St, 90015
Pegasus – 612 S Flower St, 90017
Peterson and Tansey Lofts – 1250 Long Beach Ave, 90021
Piero – 312 E 12th St, 90015
Promenade Tower – 123 S Figueroa St, 90012 Roosevelt Lofts – 727 W. 7th St, 90017
San Fernando – 400 S Main St., 90013
Santee Court – 716 S Los Angeles St, 90014 SB Grand – 312 W. 5th St, 90013
South Park Lofts – 818 South Grand Ave, 90017 Spring Arcade – 541 S Spring St, 90013 Title Guarantee – 411 5th St #1200, 90013
Union Lofts – 325 W 8th St, 90014
Visconti – 1221 W 3rd St, 90017 Watermarke Tower – 705 W 9th St, 90015
For Downtown rental assistance, call (213) 880-9910
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Based on numbers recently released by the National Association of Realtors and Rent.com, the average renter is pretty much throwing their rent away every single month. It’s not helping them build net worth at all. And if we take a closer look at the numbers, homeowners’ net worth is more than 45 times greater than that of renters.
