Hollywood rental market conditions
With the current economic crisis and the continued mortgage problems that many homeowners are facing, owners are now more flexible than ever before. The amount of properties available, combined with economic woes that many families are experiencing are causing owners to loosen once stringent guidelines.
Owners, who once demanded and wouldn't settle for anything less than first month, last month, and one month’s security deposit, are now opening up to lower move-in costs in order to secure tenants. They have realized that there are a large number of rentals on the market and have become sympathetic to the reality of tenants not having as much money available to them for move in costs. These combined factors are inspiring owners to offer special discounts for qualified tenants and even discounts for tenants who are experiencing financial hardship.
Tenants are more comfortable in renting since the Obama Administration enacted legislation in May of 2009 which allows tenants to remain in a foreclosed rental property as long as their rent is paid on time, for the remainder of their lease and even as much as 90 days past the expiration of a lease. Unless the bank forecloses on the property and it's sold to someone who plans on using the property as a primary residence, the tenants are free to live out their lease term and continue paying rent.
With Buy/Rent Free Realty being a free service and having access to over 95% of the rental properties in Hollywood and its surrounding areas, it has never been easier to find the property that's best for you and your family.
If you have any questions about renting a property or to find out how Buy/Rent Free Realty can help you find a tenant, feel free to call Tim or Dan at 954-989-2900.
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