The Juxtaposition of Beverly Hills fame and fortune to the Highland Park hipster.

We are in the process of confirming a date for a meet-up in Beverly Hills in the first or second week of August.

That being said I have a pretty easy neighborhood to comp because there were recent sales and it’s not a “unique” neighborhood like Beverly Hills or Malibu.

@Beverly LangWelcome to the BP community.

I look at the renter/homeowner ratio and anticipate the more renters, the higher the demand for rental properties in that area thus the higher the rent.Homeowner areas tend to be nicer cleaner quieter hoods cuz of the pride of ownership, but there is less demand so it will take longer to screen the same # tenants although if its a house you are renting you can luck out because in today's market where people want to live in homeowner areas but can't get a mortgage and/or simply don't have the downpayment, settle for renting homes in the 'nice' area for much higher than inner city rents because areas that are mostly renters tend to be somewhat crummier and that is the case I have found even in comparing affluent cities like Beverly Hills, CA to Cerritos, CA(BH has more renters than Cerritos, their is more rental demand in BH, there is higher rent than BH but Cerritos residents average income is actually higher than BH and quality of living is higher in Cerritos (ie, cleaner, quieter) and so some families that can't afford a house would rather rent in Cerritos than BH as ironic as it may sound since BH is closer to more city jobs than Cerritos).

Towns I'm looking at are Beverly, Riverside, Delran, just to name a few.Thank you!

Quote from @Caroline Benish: I live in Beverly Hills, and despite what people think, I see so many run down homes every day that would make for a great BRRRR.

I don't know too much about California's geography but I'm assuming he named those areas because they are somewhat closer to LA (he will be moving to the beverly hills area, not sure how close that is to the areas your mentioned) whereas the Inland Empire would be too far for him to travel?

Rent controlled means that it's capped at a certain percentage you can raise the rent every year.I think it's around 3%.Places like Beverly Hills for instance usually do not have rent control and can raise up to 10%.Something to think about if your buying price and expenses are high.

How about Evergreen Park, Beverly, Morgan Park?