Mary Cummins, Real Estate Appraiser, Animal Advocates, Los Angeles, California

Mary Cummins, Real Estate Appraiser, Animal Advocates, Los Angeles, California
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Showing posts with label los angeles fires. Show all posts
Showing posts with label los angeles fires. Show all posts

Sunday, January 12, 2025

Rental Price Gouging During Los Angeles Fires by Mary Cummins Real Estate Appraiser



People were talking about landlords price gouging after the Los Angeles fires. I searched MLS sold rentals for Los Angeles City five days before and after the fires. Median rents went from $3,800 to $4,800. I looked at some individual listings and saw them relisted higher after the disaster. Other agents saw the same. It's illegal to charge more than 10% higher price during a disaster. This is 20%. #pricegouging #losangeles #losangelesfires #fires #marycummins hashtag#realestateappraiser

The MLS just posted this to all agents logging into the system. What is "fair market value" for rental housing per HUD for luxury mansions? These mansions rent for $25,000-$200,000 per month furnished or unfurnished. 


They've since added a link to that message below.

https://info.vestaplus.net/cawildfires


Mary Cummins of Cummins Real Estate is a certified residential licensed appraiser in Los Angeles, California. Mary Cummins is licensed by the California Bureau of Real Estate appraisers and has over 35 years of experience.


Mary Cummins, Mary K. Cummins, Mary Katherine Cummins, Mary, Cummins, #marycummins #animaladvocates #losangeles #california #wildlife #wildliferehabilitation #wildliferehabilitator #realestate #realestateappraiser #realestateappraisal #lawsuit real estate, appraiser, appraisal, instructor, teacher, Los Angeles, Santa Monica, Beverly Hills, Pasadena, Brentwood, Bel Air, California, licensed, permitted, certified, single family, condo, condominium, pud, hud, fannie mae, freddie mac, fha, uspap, certified, residential, certified resident, apartment building, multi-family, commercial, industrial, expert witness, civil, criminal, orea, dre, brea insurance, bonded, experienced, bilingual, spanish, english, form, 1004, 2055, 1073, land, raw, acreage, vacant, insurance, cost, income approach, market analysis, comparative, theory, appraisal theory, cost approach, sales, matched pairs, plot, plat, map, diagram, photo, photographs, photography, rear, front, street, subject, comparable, sold, listed, active, pending, expired, cancelled, listing, mls, multiple listing service, claw, themls, historical appraisal, facebook, linkedin

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