10 Cities with the Most Multifamily New Construction Projects

As property values continue to go up, the multifamily industry has risen in popularity as well. Millennials who can’t afford the pricey mortgage rates are sticking with the rental market, making multifamily properties seem more desirable to investors. According to RealPage’s data, approximately 399,000 units have been approved to commence construction nationally in the last year. The overwhelming demand has pushed the construction of thousands of apartments in some of the United State’s most popular cities. Below are the top 10 cities in the United States with the most multifamily new construction projects. (1) NEW YORK CITY, NEW YORK With more than 30,000 units approved, New York City tops

Most Expensive & Least Expensive Los Angeles Rental Neighborhoods

As we all know, rents in Los Angeles has skyrocketed since the beginning of the year. The increase in property values and population is causing a tightening of the rental market, causing a huge hike in average rents Los Angeles. Below is a map provided by Zumper, illustrating the different median rent amounts in different areas of Los Angeles. RENTS OF DIFFERENT AREAS IN LOS ANGELES As seen in the map above, Santa Monica dominates as the most expensive area with rents averaging around $3,050/month for a one bedroom apartment. Other expensive areas include Downtown, Pacific Palisades, Venice, Marina Del Rey, Westwood, Beverly Hills, and Bel Air/Beverly Crestareas. These areas rent from around

How to Deal with Unexpected Tenant Turnover

What do you do once you receive a 30 days notice to vacate a unit from a tenant? There are several things to consider, including fixing the unit, advertising, and finding the next perfect tenant. Here’s a quick guide on how to deal with a fast tenant turnover and save money in the process: Start Advertising – Using photos of the vacant unit that you already have on file, create advertisements on Craigslist, Apartments.com, and other rental websites. Standardize Everything – Make sure that you use a neutral paint color and the same materials are used in all units. It would be best to hire a contractor that you use for all properties that you own. This will streamline the process, making fixin

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Anie Mayelian  (818) 915-9118 
DRE #0077825

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