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Friday, August 21, 2009

Falling Rents

I finally have a vacancy in a Santa Monica apartment. First one this year.
I have been trying to rent it for about three weeks with no success.
I have dropped the price 14% so far from what I was getting. Two bedroom one bath

But I also just rented a one bedroom very easily (before the old tenant was even done moving out) after dropping the price only 6%.

Things are heating up around Los Angeles.

Traffic is heavy. Shoppers are out shopping. Looks like things are already getting over-heated.

The next twelve months should be interesting.
Good service, a good product, a good price. Those are the keys to good sales.

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