With its mild climate and wide range of employment opportunities, Los Angeles is a popular place to call home. In fact, with its population of 3.8 million, LA is the second largest city in the US and the twelfth largest city in the world. An international center for such major industries as banking, manufacturing, technology and entertainment, Los Angeles attracts people with diverse job skills and income levels, making it an ideal place to own rental property.
Los Angeles Rentals are in Demand
Now is a great time to expand your property investment portfolio in Los Angeles. The recent economic downturn has led to a skyrocketing foreclosure rate, meaning that a wealth of distressed properties is available for purchase just as a substantial number of owners-turned-renters are driving an increase in the demand for rentals.
Even in more favorable economic conditions, a large percentage of Los Angeles citizens rent their homes. Given LA's median home price and median income level, homeownership is simply out of reach for many people. With such high demand for rentals, the Los Angeles market is perennially tight. Its low vacancy rates and high average rents make it a particularly attractive city for property investors.
Not surprisingly, demand for Los Angeles property management companies is high, too!
Los Angeles Rental Market at a Glance
Los Angeles Area
Percentage of renters
Rental vacancy rate
Median house price
Finding Los Angeles Property Management Companies
Finding the right Los Angeles property management company is as easy as typing your zip code into our search widget and selecting your property type. Compare services and request free quotes.
Bruce Jay Associates
Managing: Single-Family : Multi-Family : Commercial Over 35 years of Experience! A+ rating with the BBB! Our goal is to operate your property as efficiently as possible. Free Quote...