Short-Term Vs. Long-Term Rental Agreements: Which Is the Best Option for You?

Hispanic couple outside home for rentThere are millions of compelling reasons why you should build a new life in California. The friendly weather, great career opportunities, fancy clubs and restaurants and awesome sandy beaches are only a few of the decisive factors that always make you pack up your bags and get the first plane to Cali. However, when it comes to renting a place in America’s most densely populated state, things tend to get a little more complicated. For starters, you would have to answer pressing questions such as: should I go for a short-term rental or a long-term rental? Does a long-term rental involve the kind of commitment and responsibilities that I may not be ready for at this point? Do short-term rentals involve greater risks than long term ones? Each and every answer to these questions will bring you closer to finding the perfect rental for you. To make a smart final call, you should start by carefully analyzing the pros and cons of both short and long-term rentals.

Discover the Pros of Short-Term Rentals

Short term rentals are well-liked by many tenants for a number of reasons. First of all, they ensure the highest level of flexibility that a prospect could ever hope to experience. One day, you could rent a house on the beach; the a few months later, you could get the keys to a gorgeous Napa Valley villa that could become the perfect home away from home for the next ten months or so. For those who love to travel extensively and don’t wish to put down roots in a specific area, short-term rentals are a clever solution stimulating tenants to broaden their horizons and maintain an active, nomadic lifestyle.  Also, for businesses seeking new properties for rent, short-term rental agreements may work best simply because they ensure an easy way out. If your new business idea were to fail, this type of lease would give you the opportunity to cut your losses and close this chapter without getting covered in debt; on the other hand, long-term rentals leave business owners on the hook for their delayed rent payments. This advantage is quite significant, considering the fact that 8 out of 10 companies close their gates within one year and a half of opening, according to recent statistics quoted by Huffington Post. Short-term rentals may not offer you the stability that long-term contracts usually provide, but they do ensure a safety net that you may appreciate when it comes to developing new business or travelling frequently.

Short-Term Rentals Also Have their Disadvantages

Lack of stability leading to frustration, a never-ending stressful and time-consuming house hunt and increased housing costs, is by far the most important drawback that tenants should take into consideration before renting a house or apartment for a short period of time.

Weigh the Pros of Long-Term Rentals

Predictability. Long-term rentals are the perfect alternative at hand for people who would like to settle down in California, but can’t actually afford to buy their own place here. In other words, long-term rentals lead to a sense of security. They help tenants discover the thrills of a predictable existence. Moreover, companies that sign short-term rental agreements could witness an increase in their real estate costs every single year. On the other hand, long-term contracts enable tenants to prevent such risks and make the most of their rental properties without spending more than they can actually afford to on rent.

Stability. Tenants who don’t really like to move around much appreciate the stability associated with a long-term rental. Unlike short-term rental agreements, long-term ones protect you from a number of unpleasant situations, like being forced out of the property that you are currently occupying, very unexpectedly and for no apparent reason. Long-term leases are perfect for people who want to turn the house that they live in into a home and prevent the stress associated with endless relocations.

Concessions. Let’s face it: long-term rentals allow you to build a solider relationship with landlords and property managers. This type of bond could help you unlock various benefits, such as rent deduction or improvement allowances. Sometimes, short-term rental agreements can offer similar advantages; however, in most cases you would have to put your negotiation skills to the test to benefit from major tenant improvements that will enhance your level of comfort and satisfaction.

Find out why Long-Term Rentals May Not Be the Best Option for You

For those who don’t really like serious commitments and hate the idea of putting down roots in one place, long-term rentals may not be the best alternative at hand.

Bottom line: both short-term and long-term rentals are options that may work for you, as a newcomer determined to upgrade your personal and/or professional life in California. At the end of the day, you should go in favor of the option that is fully compatible with your lifestyle, necessities and financial possibilities.

Identify the Most Tempting Listings with Apartment Hunterz

Now that you are familiar with the advantages and disadvantages of both short-term and long-term rentals, perhaps you feel ready to move into a new house or apartment. In this case, choose to find the most amazing Californian properties with just a little help from Apartment Hunterz. Using this premium apartment finding service you can check out thousands of regularly updated listings, compare different options in terms of location, features and price, narrow down your search by targeting houses or apartments available in your favorite neighborhoods, get in touch with property managers and landlords online, with just a few clicks, submit your applications over the Internet and schedule in-person meetings with the people who hold the key to the place that you could call your new home.

How to Select the Perfect Waterfront Property in California in a Few Easy Steps

beautiful houses downtown at the waterfront Miami southPeople who live in California have all the reasons in the world to wake up with a big smile on their faces. After all, they count on beautiful weather year-round, have some of the most amazing entertainment options worldwide and can easily choose from luxurious pieces of real estate that are hunted down by a plethora of wealthy international buyers. Assuming that you have enough money in the bank to get the keys to a lavishing oceanfront property for an indefinite period of time, what are the main aspects that you should consider when it comes to selecting the perfect house for you and your loved ones? Here are six essential elements that you could use as selection criteria to simplify your search for the perfect piece of waterfront Californian real estate.

  1. Purpose. How do you plan to use the high-end property in the first place? Would you like to own it or rent it for a few weeks, months or years in a row? Moreover, would you use it as your primary residence or as a home away from home? Last but not least, would you buy the place for yourself or would you be eager to rent out the waterfront house to supplement your income? Do keep in mind that a bit home remodeling may be required before actually embarking on a quest to find the perfect tenants. Also, depending on how often you are planning on using the property, you can afford to be more or less picky when weighing different options. For example, you shouldn’t be in a hurry to purchase an expensive Californian property that is not 100% compatible with your needs and wishes; ownership involves a higher level of commitment, plus it may be difficult for you to sell your house at a profit in today’s market. On the other hand, a Californian rental that satisfies your basic needs in terms of comfort might do for a very limited period of time.
  2. Hobbies. Waterfront properties are perfect for people who embrace an active lifestyle and have more than a few beach-related hobbies. In this case, the key is to go for a property that will make it easier for you to enjoy your pastimes. For instance, enthusiastic fishermen will appreciate pieces of real estate ensuring easy access to the ocean. Those who are very fond of boating will most likely direct their attention towards spacious properties enabling them to store their boats in excellent conditions. At the same time, those who think that canoeing and kayaking are among the most relaxing sports known to man will definitely value privacy a great deal and go for secluded pieces of real estate that keep them close to the water, but far from the madding crowd. For this category of homebuyers or tenants, busy waters counting dozens of ski jets are not the most welcoming environment that they could imagine. On the contrary, they are constantly looking for more isolated corners of paradise that could reinforce their connection with Mother Nature.
  3. Square Footage. When it comes to selecting the perfect waterfront property, size matters a great deal for two main reasons: costs and comfort. First of all, you wouldn’t want to overspend on a property that is too big or too small for you. Also, a house that is too spacious for your current needs will most likely lead to greater maintenance costs and utility bills that you may not be ready to deal with. Comfort is an equally important aspect. An apartment or house that can’t accommodate all your relatives and/or guests may not represent such a good deal after all, in the long term. Nobody likes to share the room with other family members or sleep on inflatable mattresses for more than a weekend.
  4. Location and Price Tag. California has more than a few gorgeous cities where prospects could spot a fair share of beachfront properties designed to satisfy any fantasy. The thing is that such rentals vary a great deal in price based on their specific location. For instance, in Huntington Beach you could find modern apartments for rent in the $1,750 – $3,050 range. Forbes reveals that Santa Monica, Santa Barbara and La Jolla are listed among the most popular vacation destinations with the most expensive beachfront property markets. According to the same source, even the most modest bungalow located in these areas could cost you more than $1.6 million. In this context, even renting a vacation home in such locations may be off-limits, so weigh all valid options in an objective manner before making any phone calls.
  5. Feel free to select and rate different Californian vacation rentals based on the amenities that they offer. If you count on a big budget, you can target some of the most sought-after upscale details, such as rooftop terraces with fire pits, indoor and outdoor heated pools, game rooms and onsite gyms and wellness centers. On the other hand, if money is tight, you may want to put the amenities with the highest practical value above the ones that only satisfy your caprices and take a lot of money from your wallet. For instance, instead of hunting down rentals with onsite fitness centers and pet spas, you may want to settle for a nice, clean and welcoming waterfront house or apartment with a fully furnished kitchen and in-unit washer and dryer.
  6. Pet Policy. When you own a place, you never have to worry about the ways in which your beloved four-legged friend could damage your property and/or personal belongings. On the other hand, when you’re renting a house, you’re dealing with a completely different story. This is precisely why you should analyze the owner’s pet policy very carefully before signing on the dotted line. If you can’t imagine your summer vacation without your Fido and your landlord is determined to stick to his no-pets policy, then you will definitely have to focus on finding another house or apartment that is pet-friendly and meets the rest of your conditions.

If you don’t want to complicate your existence and wish to find the perfect waterfront property in less than a week, count on the support offered by Apartment Hunterz. California’s largest apartment finder will bring you the freshest listings and provide the expert guidance that you may require to narrow down your search make a smart decision in no time.

 

5 Facts That You Should Know about California Real Estate Trends before Renting an Apartment

iStock_000000818620_Small With a population of over 38.8 million, California is considered the tangible version of paradise. Encompassing some of the most lavishing slices of real estate that you could ever dare to imagine, superb oceanfront properties and even modest condos that are far from being affordable, this state offers extremely diverse for rent and for sale properties tailored to each price point and manages to please the widest segment of potential buyers and tenants. In this context, would it be a smart move to invest in a California-based house or apartment? You don’t have to be an experienced real estate agent to figure things out; you just have to analyze recent real estate trends, pay attention to new predictions and determine how they could impact your future plans. Here are some facts that you should take into consideration before making your first move.

  1. Prices Have Gone Up. As a Forbes article points out, price tags carried by California-based properties have managed to reach pre-crash levels; in some cases, prices actually succeed in eclipsing the ones that were set by buyers before the apocalyptic collapse. This means that very few people with limited financial means can enjoy the perks of ownership. On the other side of the coin, when owning a house or apartment is not a valid option, renting a new roof over your head could represent the best alternative worth considering.
  2. Reasonably Priced Pieces of Real Estate Can Be Difficult to Spot in the Largest Cities. Families with a modest income will inevitably have a hard time targeting affordable for rent or for sale properties in some of the most sought-after Californian cities. In San Francisco, San Diego and Los Angeles, home values are witnessing a rapid growth that may take most prospects by surprise. When buying or renting a slice of real estate in these overcrowded areas is not an option, you could always focus your attention on smaller or less populated Californian cities that could provide equally tempting employment opportunities and accommodation options without forcing you to break the bank to pay rent each month. For instance, the median home value in Fresno is estimated at $178,100, while the median rent price is in the $790 range. Less than $800 spent on rent is a real bargain, taking into consideration the fact that a San Francisco-based rental could cost you anywhere from $3,000 to $5,000 and up on a monthly basis.
  3. Several Factors Will Make It Even More Difficult for Prospects to Buy a Place of Their Own. Wondering why buying a house or apartment in California has almost become a mission impossible? The past actions of investors who have profited from sales and foreclosures to turn properties into moneymaking rentals, scarce land (especially in some of the most desirable neighborhoods from San Francisco or Los Angeles), and deep-pocketed foreign buyers that keep inflating the prices by stimulating sellers to raise the bar too high are just a few of the negative elements that stop so many middle-class families from owning a house or apartment in California. Very limited land available for new developments is one pressing problem that is difficult to address in a satisfying manner. When old properties are being demolished, they are usually replaced in no time with new shiny ones that are two or three times more expensive than their predecessors. Therefore, there are quite a few obstacles standing in the way of California’s residents who are contemplating the idea of becoming homeowners. Nonetheless, stumbling across a convenient rental represents an event that is more likely to occur. With help from a professional apartment finder, one could identify and compare different California-based rentals in their neighborhoods of choice, filter and save their searches and come in contact with landlords and property managers at a touch of a button. Clearly, exceptional client-oriented apartment finding services have changed the way in which individuals fish for bargains on the local rental market, making it possible for everyday people to find a decently-priced house or apartment for rent in less than a week.
  4. Renting a Place in California Is a Good Choice for a Number of Reasons. For those who actually dislike any type of long-term commitment and aren’t very fond of the idea of putting down roots in one place, renting a Californian house would be a good call. Rentals offer tenants the highest level of flexibility and freedom of choice. Ownership may ensure a certain level of stability, but at the same time it also involves more than a few responsibilities such as mortgage payments, repairs and maintenance work; not to mention the fact that in today’s market some sellers may be forced to sell at a loss, which is a great disadvantage that each prospect should factor in before pouring money into a piece of real estate.
  5. Finding a Decently Priced Californian Rental Is Easier Than You Think. As a newcomer or a busy professional who knows very little or nothing at all about California’s real estate market, you are probably thinking about counting on the services of a real estate agent to find a good home for yourself and your family. This is only one option that you can explore if you’re interested in renting. On the other hand, the assistance offered by a reputable apartment finding service could be the cost-effective alternative to hiring a realtor. By analyzing the latest real estate trends, checking out recent listings and using a plethora of additional perks and features (such as 24/7 client support, iConnect feature ensuring a rapider connection between tenants in landlords in real time), you could spot and compare different for rent properties in the comfort of your home or office. With the support offered by Apartment Hunterz, California’s most popular apartment finder, you could maximize your odds of conducting a successful home hunt with minimal expenses.

 

5 Reasons Why Renting a House in California Will Always Be a Good Idea

Young couple looking at the blueprints of their new homeThe U.S.-based rental housing market has always delivered an incredibly diverse selection of homes designed to meet the expectations and financial possibilities of a broad category of individuals of all ages. According to the data provided by National Multifamily Housing Council, 43,431,904 households are currently renter-occupied, representing 35% of the U.S. total. Why are properties available for rent so incredibly popular? Could they be a good choice for you and your family? If you’re contemplating the idea of moving to California and starting your first house hunt, here are a few essential things that you should know about the benefits of renting, this state’s extremely competitive rental market and its best deals.

  1. A Rental Offers You the Highest Level of Flexibility. Are you an enthusiastic traveler who enjoys long vacations each year? Do you love the idea of investing small amounts of money in gorgeous vacation rentals allowing you to get acquainted with some of the trendiest California-based tourist hot spots? In this case, a rental that you could consider your temporary home may be the best option matching your housing needs.
  2. Rentals Are Perfect for People with Long-Term Commitment Issues. Convenient rentals are perfect for people who do not feel ready to put down roots in a certain area. After all, California’s list of natural and man-made wonders is extremely diverse and always gives you plenty of motives to relocate or at least travel extensively. Maybe this year you’ll want enjoy surfing, windsurfing or canoeing and kayaking tours in Santa Barbara for months in a row; the next year you may want to take a break from such adrenaline-filled experiences and just relax in a nice cottage in Napa Valley, visit vineyards and attend wine tastings. People discover new hobbies on a regular basis and their interests change in time. This is precisely why free spirits who are constantly tempted to try new things feel more comfortable renting than buying.
  3. With a Little Bit of Help, You Could Spot Incredible Deals on the Rental Market. Can you actually believe that an 850 sq ft. 1-bedroom apartment located on 3016 Waverly Dr in Los Angeles could cost you under $2,000 per month or that you wouldn’t have to spend more than $1,200 per month on an elegant studio situated on 351 Turk St. in San Francisco? Such amazing deals can be hard to come by, especially when you’re only relying on word of mouth to find the perfect rental that could be compatible with your thin budget. On the other hand, an inexpensive apartment finding service brings the most incredible deals at your fingertips, making it easier for you to profit from a fair price-quality relationship.
  4. Renting Is Almost Always the Most Convenient Option at Hand. Still wondering if you should rent or buy? You don’t have to see a financial advisor to get the most accurate answer to this question. These days, you could use free renting versus buying calculators available online to make an educated decision. These calculators enable you to identify the most cost-efficient alternative for you by factoring in all expenses that both renting and buying would imply. The results summary can help you decide whether you should rent or buy a place in California. After playing with different variables, you will most likely reach the conclusion that renting is the most convenient solution for you for a number of reasons. Rental rates that are lower than average, an extremely expensive housing market like the one in San Francisco, for example, and the chance to live on a bigger/better property that you could never be able to afford to buy represent the main reasons why so many people choose to become tenants these days.
  5. Renting an Apartment Has Just Gotten a Lot Easier

Last but not least, you should also know that apartment finding services have managed to improve the overall house hunting experience, by encouraging potential tenants to perform the following actions:

  • Compare different properties in terms of prices and features. These days, apartment finding services let you spot the best deals while getting familiar with the local real estate markets. You just have to select the city and neighborhood where you would like to live and analyze listings available in that particular area.
  • Check out photos and virtual tours to simplify their selection. Let’s face it: when you work 10 hours a day you can seldom make time to attend an open house. Fortunately, apartment finders let you take a look at high-resolution photos and virtual tours to identify your favorite accommodation options in only a few minutes, without actually leaving the office.
  • Save searches. By saving your daily searches you can save time and energy while conducting your house hunt online; not to mention the fact that a saved search enables you to revisit your favorites and compare their features the easy way.
  • Go through an ample collection of listings to be able to understand the realities of the local real estate market. Why hire a real estate agent when you can compare price tags and predict real estate trends on your own, by simply weighing the pros and cons of different listings available online?
  • Submit applications online. All tenants know just how stressful and time-consuming it can be to schedule face-to-face meetings with dozens of potential landlords just to apply for a certain rental unit? Now you can submit your applications online with just a few clicks.
  • Talk to landlords and property managers in real time, without making a single phone call. The iConnect feature brought to you by Apartment Hunterz makes it easier for you to get in touch with landlords and request all the additional details that you may need to simplify your home search. Using this feature, you can schedule in-person meetings with lessors the easy way.

If you’ve reached the conclusion that Californian for rent properties are your cup of tea, choose to find the ideal one for you and your family using the insight offered by Apartment Hunterz, California’s most trusted apartment finder.

6 Things That Tenants Never Want to Hear Before, During or After Their First House Hunt

iStock_000033900152_SmallRenting a nice house or apartment in the state of California can give you the opportunity to see more than a few spectacular places, travel extensively, get a fabulous tan on the beach, find new hobbies, change dozens of jobs, pursue new career ambitions and meet new people. In other words, a new roof over your head located in Cali can keep you quite busy and satisfied on a day-to-day basis.

Understanding the Mechanism of the Californian Real Estate Market

Nonetheless, finding a good rental property that could be cataloged as a total steal isn’t exactly an easy task. On the contrary, potential tenants have a lot of competition. Let’s face it: who would miss out on the opportunity to rent a modern apartment with an amazing view for less than 1,000 dollars per month? While the real estate market is definitely hiding more than a few appealing offers that one may considered a real bargain, such deals often come and go in a matter of a few seconds. This is precisely why you should stay active and consistent during your house hunt to spot a fabulous rental matching your budget before anyone else. In other words, in order to become a happy tenant, you must track down and compare listings while they’re still hot. In-depth research and proper preparation can help you prevent disappointment and misguided decisions. In case you want to prep yourself for success and anticipate all the negativity, drama and potential scams that could come from a potential property owner, keep reading to discover a list of things that no tenant would ever like to hear from his or her new landlord.

  1. “We Don’t Have to Put Everything in Writing”. Actually, it is highly recommended to put all the important aspects of your rental agreement in writing. This is the easiest way to prevent misunderstandings and fraudulent schemes. Pay special attention to the rights and responsibilities that you would have as a tenant and don’t forget to scan and filter all the details related to potential penalties and rental expenses.
  2. “You’ll Never Find a Cheaper Rental in This Area”. This is one of the common tricks that landlords still rely on to justify their rental rates and convince inexperienced tenants that they will never be able to find a better deal in the same ZIP code. Just because your landlord tells you that his rental is a real bargain, this doesn’t mean that it’s true. Fortunately, now you can understand and analyze the local real estate market by conducting research online. With a few clicks, you can start your house or apartment search while browsing through hundreds of interesting listings brought to you by Apartment Hunterz. Feel free to target certain neighborhoods and be as specific as you want. Most apartment finding services rely on an advanced search engine allowing you to perform a personalized search based on the criteria that matter to you the most, such as the number of bedrooms and bathrooms, square footage, amenities, age and current condition, location and price tag. If a landlord keeps telling you that his rental is the most convenient one available in a certain area, you can always count on the latest listings available online to prove him wrong.
  3. “Your Noise Complains Are Not One of My Concerns” At some point, you may realize that all the other tenants have no respect for quite hours. They wouldn’t hesitate to listen to their favorite rock tunes while cleaning and vacuuming their carpets on a Sunday morning. Other neighbors quarrel all the time and you simply want to put an end to this uncomfortable situation. A landlord who doesn’t have your back in this case is probably unwilling to respond to your requests and suggestions in general; and you definitely wouldn’t want to be dealing with such careless people, especially when your wellbeing is directly influenced by their actions.
  4. “Talk to the Other Tenants And Try to Solve Parking Issues on Your Own”. Every tenant should have his or her own designated parking spot. Moreover, a landlord with a positive problem-solving attitude would normally do everything in his power (including a quick phone call to the local towing company) to make sure that parking issues are no longer fueling a conflict between tenants.
  5. “I’ll Fix This another Day, I’m So Busy Right Now”. All tenants want to profit from a high level of comfort ensured by a properly maintained rental property. This means that they are unwilling to deal with malfunctions requiring repairs that would automatically involve out-of-pocket expenses. Landlords have the obligation to offer tenants the chance to occupy a livable, perfectly safe property. Those who postpone urgent repairs inevitably lower their tenants’ comfort; not to mention the fact that property owners who ignore potential safety hazards expose themselves to major legal consequences.
  6. “Sorry, It’s Rented!” You spend a few hours checking out ads, visualizing different pictures and enjoying virtual tours. At the end of the day, you narrow down your search and get the contact information of a few landlords. You call them and hear the same old story over and over again: “I’m sorry, this property is no longer on the market”. How frustrating is this? At Apartment Hunterz, we understand the fact that you wish to keep an eye on the Californian real estate market without being forced to stumble across outdated listings. This is why we bring you the largest collection of recent, verified listings, allowing you to retrieve the right rentals fast and effortlessly, based on their specific location, price, amenities and various other important factors that could influence your search. California’s largest apartment finder makes it easier for you to start and end a fun, success-oriented house hunt and avoid the nonsense and real estate scams that could complicate your existence even further.

 

17
Mar 2015
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