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Four Tips to Manage Bidding Wars by Prospective Renters

Utilize these strategies next time a unit ends up with multiple offers!

When Erin Wheelock recently listed a two-bedroom, three-bath condominium in New York City’s Flatiron District, she knew it would be snapped up quickly. What she didn’t expect, however, was that she’d receive six bids the first weekend after the unit hit the market—and that it would end up renting for $13,300, nearly 11 percent over the asking rent of $12,000 per month. The winning bidder also agreed to pay her brokerage commission.

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02
The Victorian, a popular Santa Monica party mansion, set to shut down

The Main Street restaurant and nightclub will close at the end of the month. The city has approved plans for a private members club to take over....

The Victorian, a popular Santa Monica party mansion, set to shut down
The Bloc is back on the market as downtown L.A.'s office market shows signs of bottoming out

The Bloc, a massive mixed-use complex in the heart of downtown Los Angeles, is on the block for sale as the commercial property market shows signs it is bottoming out with buildings changing hands at big discounts. ...

The Bloc is back on the market as downtown L.A.'s office market shows signs of bottoming out
New Gehry concert hall takes shape in downtown Los Angeles

A pet project of architect Frank Gehry, a smaller concert hall to complement his legendary Walt Disney Concert Hall, is taking shape in downtown Los Angeles for an opening next September. ...

New Gehry concert hall takes shape in downtown Los Angeles
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