Is this your first time looking at homes for rent in Los Angeles? The worst thing you can do at this point is to get overly excited about a property. You won’t get sufficient information from a single viewing, and you won’t be able to make an informed decision. Here are some tips that you should follow before you move into any rental home:
1. Determine Your Budget
Before searching for a home to rent in Los Angeles, take a long look at your financials, and how much you can spend. Generally, you should not spend more than 30% of your income on housing expenditures.
If that is possible for you and you can handle your debt, grocery costs, savings, and miscellaneous costs as well, then you should finalize your decision. However, keep in mind that some landlords have specific requirements when it comes to a tenant’s income.
2. Check the Water Pressure
Most people forget to check the water pressure, only to find out later that either the house they are renting has issues related to water supply or plumbing. So, when you are going through the property for the first time, check all of the taps and showers. This includes the ones in the bathrooms and the kitchen, which may not work as well as you think they do.
If you detect a problem in the water pressure and have your heart set on the property, you can negotiate the rent before signing the agreement. If you do this after signing, you may have to pay for maintenance out of pocket but, in most cases, this falls under the landlord’s legal obligations.
3. Look Over the Security Deposit
As part of moving in, you will have to set down a security deposit with the landlord. This money is meant to cover the cost of any damages caused during your stay. Find out the exact amount of that deposit and its terms, especially the one related to when your landlord can and cannot keep it.
Usually, the amount has to be returned to the tenant once they move out, but the laws on security deposit differ for each state. For example, the landlord takes a portion to pay for a damaged staircase or broken fixtures that were in perfect condition before the tenant moved in. In California, the landlord can deduct a rent amount if you missed one before moving out.
Plus, make sure that there are no special provisions in the lease, which can give the landlord more power over that amount than they should have legally.
Pezzini Luxury Homes
Luis Pezzini of Sunset Strip Realty is a leading figure in the LA real estate business and has worked with several clients who want to sell, buy, and rent out a property. If you wish to buy properties to let or want to increase your portfolio as a real estate investor, contact the business by filling out this form. Find luxury homes in Los Angeles at the best price and search for them using the advanced search tool.