Just Listed - Architectural 2-Bedroom 2-Bath by Modernist Icon Irving Gill

2-Bedroom 2-Bath Architectural Home by Irving Gill Near Hollywood Bowl

6460 Odin Street
Hollywood, CA

$3600/month

Gorgeous modern home by famous modernist Irving Gill circa 1923, recently restored throughout. 2-bedroom 2-bath, office/library, formal dining room with new wood floors, concrete floors throughout, new windows throughout, skylights affording tons of natural light. Gourmet kitchen with Viking commercial grade range and hood. Lots of built in storage throughout. Large enclosed courtyard in front and back of house. French doors throughout. Truly a one of a kind property that must be seen to believe!

Please contact Pacific Shore Property Management to schedule a showing and for more information!

Pacific Shore Property Management

T: 310.839.8970

www.PSPMLA.com

Interesting Article in the Los Angeles Times For Renters

Came across an interesting article for renters in the Los Angeles Times the other day and have been meaning to post it. Here it is!

Los Feliz Average Rents

Average Rents for the Los Feliz Area

1-Bedroom - $1350.00/month
2-Bedroom - $2050.00/month
3-Bedroom - $2550.00/month

For more information on the average rents in your area please contact Pacific Shore Property Management at 310.839.8970.

Just Listed - Redone 1-Bedroom Condo in Prime West Hollywood

1-Bedroom 1-Bath Top Floor Condo in Prime West Hollywood

960 Larrabee St. #324
West Hollywood, CA

$1800/month

Redone condo in the heart of West Hollywood on great street blocks from Sunset Blvd. and Santa Monica Blvd. Kitchen with stainless steel appliances and granite countertops. Large new windows with spectacular views of Los Angeles. Building has a large rooftop deck for BBQing, pool, and comes with one-parking space and storage. Basic cable included in rent. Too much to list, please call for more info!

• Security deposit equal to one-month's rent O.A.C.
• Pets allowed with an additional deposit
• One-year minimum lease

Please contact Pacific Shore Property Management to schedule a showing and for more information!

Pacific Shore Property Management

T: 310.839.8970

www.PSPMLA.com

Venice Average Rents

Average Rents for the Venice Area

1-Bedroom - $1600.00/month
2-Bedroom - $2350.00/month
3-Bedroom - $3000.00/month

As the rental market tightens amid tough economic times it's important to be working with the right Property Management Company. You need a company that understands what prospective residents are looking for, and can sell not only your available vacancy, but their management services as well.

At Pacific Shore Property Management we offer an array of services that keep your current residents happy AND entice prospective residents to come live at one of our properties. One such service is our 48-hour Maintenance Response Guarantee.

Prospective Residents!!

No more waiting around wondering if management is going to do something about your leaking sink, at Pacific Shore Property Management we guarantee that we will respond to your maintenance request within 48-hours if not sooner! Please visit our website and take a look at our Available Rentals section to see what we have available in your area.

Preparing a Vacancy for Market

As we mentioned in our previous posting HERE in today's rental market it's extremely important that you do everything you can to properly prepare a vacancy for rental. Many management companies repaint, recarpet, and call it a day. They then leave the door unlocked and have prospective tenants visit the property unattended and show themselves around.

Now more then ever these lazy management techniques just don't cut it!

Once you have regained possession of the apartment, you'll want to carefully document and photograph it's condition. At Pacific Shore Property Management we strive to have a vacant unit prepared for showings within 3-5 calendar days max.

What a lot of management companies don't realize is that it doesn't cost a lot to look your best. Replacing door handles and outlets that have been painted over is an inexpensive way to give you apartment a fresh look. Professionally cleaning appliances, and plugging in a Glade Scented Gel Room Freshener, gives the prospective tenant a great first impression when visiting the apartment.

However, one of the most important steps, and the key to getting top dollar for your rental, is PERSONALLY SHOWING EVERY VACANCY. We really can't stress this enough! Putting aside the security risks of having prospective tenants wandering all over your property, lazy property management companies that leave doors open, or check out keys, risk having a dishonest prospective tenant turn into a squatter.

At Pacific Shore Property Management we personally show every apartment, selling prospective tenants on the great features of every individual unit. We always make sure to arrive early so we can "open up" the apartment (turn on lights, open shades, etc.). During a showing, you're not only selling the apartment, you're also selling your management services. For that reason we highlight our industry exclusive 48-Hour Maintenance Response Guarantee. All our agents also follow-up with any prospective tenant that seems interested but doesn't put in an application during a showing. Going the extra mile shows prospective tenants that we're a proactive management company that takes care of our residents.

To learn more about what you can do to keep your vacancy factor as low as possible in today's tough economic times please subscribe to this blog, as there are many more great things to come!

Are Rents Dropping In The Los Angeles Area?

All signs point to yes.

For the first time in years it appears Los Angeles rental prices seem to be dropping. While in years past we could count on rental prices in the Los Angeles area to steadily increase, due in large part to a 3-5% vacancy factor throughout the city, it now appears even the rent levels of 2008 are in question.

In a recent Los Angeles Times article Mark Verge, owner of the rental listing service Westside Rentals, was quoted as saying he'd seen rents fall faster in the last few months then in anytime since he'd opened his company over 13 years ago. He's also quoted as saying he's seen a huge spike in the number of available rentals on market. There's just a ton of inventory out there folks.

Unless your property management company is aggressively marketing and proactively selling your vacancies you may wake up one day to find that two-bedroom vacancy at your building has now been empty for three-months. You've got to ask yourself - how long is it going to take to recoup those three-months of lost rent?

At Pacific Shore Property Management we strive to have every vacancy rented within 30-days at the most! Many times we're able to turn around your vacancy within a week or two. In today's rental market you've got to be on your A-game to accomplish that. You also have to know a few tricks of the trade which I'm going to share with you in my next post!

Until then, remember to keep an eye out for those pesky 'For Rent' signs in your area, and let me know whats going in your neck of the woods!

Larry Cobar
Property Manager
Pacific Shore Property Management