Sold several in Atwater Village and also more in Highland Park.Buy and hold is tough to cash flow anywhere in LA so you really have to find a good deal with major value adds and often times, sustain a year or three with slight negative cash flow but have massive appreciation both market and forced.South and East LA I am less familiar with except for south Bay (Gardena/Torrance/Etc.).

Trying to arbitrage is like swimming upstream- even if legal- and this has zero to do with the rent potential and everything to do long term sustainability.

You've probably heard of big Landlords losing property, but only because they were flagrantly violating Fair Housing, running a slum, or otherwise violating the law in an egregious manner.

I want to know what other property management companies are charging for short term rental because the price we set (internally) should be a market rate to be sustainable. 

Our goal is to replace our old website, create a more modern sophisticated website that explains exactly what we offer in an elegant manner and is easy to use for the user.

You've probably heard of big Landlords losing property, but only because they were flagrantly violating Fair Housing, running a slum, or otherwise violating the law in an egregious manner.

But the burden is on you to respond to guest inquiries in a timely manner.

@Peter Morgan I agree with others on this thread, but just to directly address something that everyone is referencing, it’s critical that you reject the tenant in a manner that does not violate Fair Housing Laws.

Things are a little bit more above board in that manner and the referral from you speaks volumes.  

In addition to what @Moses Kagan  says, the biggest thing that I see (after doing a bit of homework) is that walking into a situation with pre existing tenants in a rent control building (who handle their rental obligations in a timely manner) is a positive one from the viewpoint that you walk into a situation with pre existing income to service your (debt) mortgage right out of the gate.So let's say those tenants are under "rent control" stipulations which means you can't go and raise their rents over 3% of what existing rents are.