Wednesday, June 22, 2011
The rental market in the San Fernando Valley is hot
In the last few weeks, I've been working on getting a long-time associate a place to rent. I don't usually handle rentals as most landlords don't go through Realtors to rent their places. Anyway, it's been very difficult. Rentals are going in multiple offers, often with (ridiculous) landlord demands. For example, at one house, the tenants are forbidden to use the laundry, garage or driveway although on-street parking is restricted. And that house is renting for $2400 a month. At another home for lease, the landlord didn't want to remove a beehive. Yikes. Our friends at Agentgenius.com have written an article about this new, emerging market -- click here to read.