CBS Reports: Affordable Rentals Becoming Scarce In The Bay Area

by Christopher 28. April 2011 04:50

Here at Foundation Rentals, we are definitely feeling the upward pressure on rental rates.  Supply is low this rental season and demand high.  We found a CBS reporter shooting footage of one of our "for rent" signs in Peaock Gap and I stopped to chat.  Our feelings on the current market were the same.

CBS reports Hessam Nadji with the Walnut Creek-based real estate firm Marcus and Millichap: "We've had a lot of people displaced from home ownership that are coming back into the rental market," Nadji said. "And the rental market in the past four or five years has not had too much new supply added. Therefore, the vacancies have dropped and the rental rates have begun to go up much faster than anyone anticipated."

So what does this mean for you?  If you're a tenant searching for a home for rent in Marin and you have a $4k - $6k budget, are looking for a nice, sunny, flat street in a good school district, join the crowd.  Get your application ready, be proactive in your search, and be prepared to jump on the right home when you see it.  If you're a landlord with a home for rent in Marin - the market is strong, but don't get a head of yourself.  Homes still need to be priced in line with the market and they absolutely must be cleaned and in top condition to get top dollar. 

Looking for advice?  My team and I specialize in Marin homes for rent.  Call or our office anytime at (415) 507-9600.

Christopher Barrow

Broker

Foundation Rentals and Relocation

Read the original CBS article here.

Comments are closed

List Your Property

Thanks for visiting my blog.  My team and I specialize in leasing homes for rent in Marin.  As the broker and owner of Foundation Rentals and Relocation, I am happy to discuss your property anytime.  Call me directly at (415) 895-0102, or visit us online at www.foundationretalgroup.com.

Christopher Barrow, Broker

Successfully RENTED in Marin

Here are a few of our local successfully rented properties here in Marin.  My team offers complimentary consultations, so let us know if you'd like us to view your property as well.

Tenant Services

A great rental broker saves you time and money - anything less can waste both.  If you're a well-qualified tenant serious about finding a great home to rent in Marin you have come to the right place.   We offer Tenant Services as well starting at $375; follow the link or call our office to learn more about putting our team to work for you and gaining premium access to our off-market listings. (415) 507-9600.