It’s no secret that home ownership in the U.S. has reached record lows these days, as an increasing number of people prefer renting their homes instead of buying a house for them. According to the U.S. Commerce Department, the homeownership rate in the U.S. is currently just above 63%, a figure last seen in 1965.

Using simple supply and demand economics, we can easily identify the reason behind this extraordinary investment performance of rental properties: Demand.

With so many apartments for rent in Los Angeles, finding a place can be overwhelming. The more information you have the better prepared you will be to navigate the process. Here are three potential pitfalls to watch out for during your apartment search.

Each time a landlord looks at your credit history when conducting a tenant verification, they are initiating what’s called a credit inquiry from a credit bureau.

Although all inquiries on your credit are sourced from the same information, be aware that all inquiries are not created equal.

June 10, 2016

LOS ANGELES, CALIFORNIA – RentSpree, the newest force in the real estate technology sector, introduced a new listing feature on its website on June 16.

The feature allows users to browse rental property listings throughout Southern California.

March 26, 2016

LOS ANGELES, CALIFORNIA – After raising $120k in funds from friends and family in January, RentSpree, an emerging real estate tech startup company, has obtained an LLC license and become an incorporated company.

Now incorporated, RentSpree will look to become the new standard of rental applications with their Universal Online Rental Application, which is set to go live later this year.

January 15, 2016

LOS ANGELES, CALIFORNIA – Emerging real estate technology company RentSpree has announced that it has closed its Friends and Family round of funding at $120,000.

With the funding in place, RentSpree can now begin to take the steps toward becoming the new standard method of collecting rental applications.