Tips for Scoring a Rental Home in High-Demand Hollywood
Finding the perfect rental in the hottest neighborhood of Hollywood can feel like an impossible task. With so much demand and limited supply, you’ve got to come prepared with the right strategy. Here are some of my top tips for scoring a rental in this ultra-competitive market.
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Be Proactive
Don’t wait until you’re ready to move to start your Hollywood rental search. Be browsing listings for your desired neighborhoods well in advance. Some of the best properties may require putting your name on waiting lists months ahead of time. Keep your eye on buildings like Archer Hollywood that are brand new on the market.
Move Fast
The moment you find a rental that meets all your wishlist criteria, you need to act fast. Schedule a viewing for the very next available day and come fully prepared with your application documents ready. The ideal units will have multiple applicants within hours, so don’t hesitate.
Consider Luxury Buildings
Newly constructed high-end rental buildings like Archer Hollywood attract major interest but also have more regular unit turnover. Their spacious modern apartments, rooftop amenities, and on-site conveniences make them worth the possibly higher rent costs in my opinion.
Have Great Credit
Landlords in hypercompetitive areas are picky and will lean towards approving tenants with stellar credit scores and rental histories with no red flags. Get a copy of your full reports beforehand and be ready to provide proof of a clean record.
Expand Your Search Area
While prime neighborhoods are ideal, you may find greater availability in the surrounding areas just outside central Hollywood that are still very accessible. Consider nearby neighborhoods like Los Feliz, Silver Lake, or West Hollywood too.
Offer Above Asking
When you find the perfect place, don’t be afraid to sweeten the deal with an offer a few hundred above the listed monthly rent. In a bidding war situation, this tactic can help your application stand out above others.
Work With a Local Agent
Insider agents who specialize in rental properties for Hollywood residents may have connections to rentals before they officially hit the market. Tap into their expert knowledge for an inside track finding your next home.
With some advance planning and perseverance, even in an ultra-competitive place like Hollywood, it’s very possible to score your dream rental. Thoroughly research the market and be ready to act quickly. Your perfect rental is out there waiting to be found!
John Dixone is an avid home blogger, with the goal of helping his readers find inspiration and ideas for their next project. He writes about everything from small design projects to large renovations. His goal is to help people transform their homes into something that reflects who they are.
