If you are worried about the amount that you will pay in rent and how expensive rental rates are, you may want to look into some of your options for getting an apartment that is rent control. You will first need to live in a city that allows that, which is going to limit where you are allowed to call home. Some of the other methods that you can use to make this happen if you do live in the right area include:
# Get the rent-controlled apartment from an existing tenant: This is going to be a good option because you can lock-in the rental rate of the previous tenant. This is much lower than what you would pay if you started it on your own. You will need to fulfill some requirements to get it done. Most boards will require that you are close family to the tenant or be roommates with them for a certain period of time before you do this. This means that an option like subletting is not allowed.
# Check the rent control databases: If you do not know someone who has a rent controlled apartment, then it is time to check out some of the databases that list these out. You need to be consistent with it. You most likely will not be able to find it on the first try. You can look at the list and the vacancies, especially the ones that are not publicly listed, and keep a good relationship with the landlord and management companies so you can learn about openings early.
Once you find one of these apartments and move in, the benefits will increase the longer that you call it home. You will see some rental increases, but they are small and not going to be dependent on what the market is doing at the time. Over a few years, you will have a nice home and not have to worry about how expensive it can be.
Finding an affordable and comfortable apartment is at the top of your list. You want to make sure that you can find a place that will be all your own and allows you to have the space and amazing amenities that you would like. Whether you want to be in a certain location or would like to focus on the amenities, we welcome you to come check out our apartments in Los Angeles today. A member of our staff is ready to answer your questions and show you around the units as soon as possible. Contact a member of our team to take a tour today.
