Rather Rent Than Buy? Got $100K Per Month?

Lately we’ve seen that renting has been “hot” as the housing market languishes, and more home shoppers are taking more of a “try before you buy” approach to housing.

Have a spare 100K a month to rent this beauty? Image courtesy of Zillow/Coldwell Banker

While rental rates are up in many parts of the country, some of them are way up. One case in point is a property in Beverly Hills, California that is available for rent for a cool $100,000 per month.

The property as shown on Zillow, boasts 9 bedrooms and 10 baths, with a total of 9,987 square feet of living space.

It comes fully furnished, right down to the linens, and features interiors by Ralph Lauren in a style characterized as a “Connecticut / Hamptons” look.

Built in 1941, the property features the requisite swimming pool, tennis court, spa, bowling alley (recently added), and games room. There is a main house and also a smaller guest house.

Interestingly, the Zillow “zestimate” calculator has the rent value pegged at only $44,609 per month. It is not clear whether this will help a potential tenant negotiate a lower rent rate than the current listed price of $100K per month.

If you are interested, the property is offered by Coldwell- Banker Residential Brokerage – Beverly Hills South. The MLS number is 11-543105

Oh and don’t forget, like most rental houses, there may be a security deposit equal to one month’s rent. 😉

Donna S. Robinson

Donna S. Robinson has been involved in the real estate industry since 1996. A licensed agent and real estate investor, she is a recognized expert on residential real estate investing. Her course, "Fundamentals & Strategies For Real Estate Investing" is approved for CE credit by the GA Real Estate Commission. She has authored several books on real estate investing, and consults with residential investment companies. She also offers coaching services to real estate investors. Follow on Google+

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