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Old 04-28-2016, 03:33 PM
 
Location: Los Angeles
2,919 posts, read 1,789,847 times
Reputation: 2450

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When I first moved to LA in 1987 most apartments in Hollywood and the SFV rented month to month. Now you are hard pressed to find anything that starts out at less than a 1-year lease. How long has it been like this for?
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Old 04-28-2016, 03:44 PM
 
Location: West Hollywood
3,196 posts, read 2,359,743 times
Reputation: 5262
For as long as people have been using credit to scam landlords?
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Old 04-28-2016, 03:47 PM
 
Location: Los Angeles County
11,094 posts, read 9,042,198 times
Reputation: 29104
Month to month doesn't exist in a landlord's market where people are willing to sign multiple year leases or can rent a place with a 1 year lease in hours. Why rent out your place month to month and have to deal with finding new tenants when people are lined up to sign long leases?
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Old 04-28-2016, 06:03 PM
 
Location: Los Angeles
2,919 posts, read 1,789,847 times
Reputation: 2450
Then I guess once upon a time Los Angeles was a tenant's market.
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Old 04-28-2016, 06:08 PM
 
Location: Los Angeles (Native)
24,288 posts, read 13,761,048 times
Reputation: 11458
Didn't realize month to month was that common with regular apartments back then .

There are extended stay type places and also Airbnb rentals though .
Of course those will usually be a premium since it's a short term rental .
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Old 04-28-2016, 06:08 PM
 
Location: Earth
17,449 posts, read 23,003,704 times
Reputation: 7246
Quote:
Originally Posted by Big-Bucks View Post
Then I guess once upon a time Los Angeles was a tenant's market.
Before 2000 (except for places like Santa Monica and Beverly Hills)
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Old 04-28-2016, 06:55 PM
 
73 posts, read 39,159 times
Reputation: 60
Quote:
Originally Posted by majoun View Post
Before 2000 (except for places like Santa Monica and Beverly Hills)
Santa Monica was not nearly as expensive (relatively speaking) as it is now. Bel-Air, Beverly Hills and Holmby Hills were more $$.
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Old 04-28-2016, 07:00 PM
 
Location: Los Angeles>Little Rock>Houston>Little Rock
6,488 posts, read 6,616,897 times
Reputation: 17329
I moved out of LA in 1988. The whole time I was renting there, from the age of 19-33, it was month to month.
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Old 04-28-2016, 07:20 PM
 
Location: Earth
17,449 posts, read 23,003,704 times
Reputation: 7246
Quote:
Originally Posted by REITS4life View Post
Santa Monica was not nearly as expensive (relatively speaking) as it is now. Bel-Air, Beverly Hills and Holmby Hills were more $$.
Nowhere in the LA area was as expensive as now. Santa Monica has been very expensive since the '80s. The north side was always expensive
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Old 04-28-2016, 07:27 PM
 
Location: Los Angeles
4,789 posts, read 6,952,071 times
Reputation: 6394
I have had rental property longer than some of you have been alive, and I still rent month to month in all my properties.
There is a reason for that.
It benefits both the tenants,and me.
If for unseen circumstances a tenant needs to move, it only takes a thirty day notice from them.

If I wound up with a lousy tenant (which has never happened), I could get them out with a thirty day notice.

So it works well for both sides.

Bob.
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