just wondering what the rental market is like right now in Santa Monica? Are condo's/townhouses renting at normal rates or are rents dropping? Trying to decide when would be a good time to rent my place out as I am hoping to buy another property within the next year.
Long Beach, CA · Member since 2019 · 18 posts · 4 votes
6y
@Fransisca R. CoStar is predicting rents to decrease in LA county. Are you looking to move into the new property or will you be staying in your house and purchasing an investment property? Interest rates are very low right now so you have some options
just wondering what the rental market is like right now in Santa Monica? Are condo's/townhouses renting at normal rates or are rents dropping? Trying to decide when would be a good time to rent my place out as I am hoping to buy another property within the next year.
Thanks in advance!
Fransisca, you should browse around apartments.com and zillow.com near your place and see what's renting and for how much. Write down the addresses that are like yours, then check back in a week to see if any have rented. Or even call some of the listings to see if the owners/managers are desperate to give you a showing or already have lots of interest.