LA shows strong rental price gains in new report

Rents now gaining ground
  • Rental prices are going up in many California cities, some showing double-digit gains.
  • Yields on housing used as rental properties grew more slowly than rent increases.
  • Los Angeles ranked sixth on RentRange's new list of top 25 metros.

Investors who buy homes to turn them into rentals expect that renting out a home will prove more lucrative than flipping over the long haul. What’s key is patience, and basing the original purchase on good information about the health of a particular real estate market.