Million Dollar Luxe: The Greater Los Angeles Area’s Premier Destination for Luxury Rental Services
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From New York to Paris and beyond, the luxury rental industry has become incredibly lucrative. These days, renting a luxury home means much more than simply renting a property; now, it often means clients have access to an extensive list of amenities and services beyond just a home in which to stay.
In Miami, one could expect yacht services and night club reservations; In New York, one could indulge in prime spots at some of the world’s best restaurants or a helicopter tour over the city; Los Angeles, though, has it all. Home to some of the world’s most gorgeous properties and all of the allure a city could offer, the City of Angels attracts many high net worth individuals who are looking for the utmost luxury.
The housing marketing in Los Angeles has been competitive for decades, and in Sept. 2022, home prices were up 3.8 percent compared to last year. The rental market in Los Angeles is equally lucrative, but it takes a special touch in order to transform a home into one bringing in significant profit. This is exactly what Marina Drabkin, founder and CEO of luxury rental services company Million Dollar Luxe, has been able to do.
Million Dollar Luxe is the Los Angeles area’s most elite white glove service, as they curate luxury properties and experiences for their Rolodex of high profile clientele. While many wealthy homeowners may be smart when it comes to their respective businesses, it requires the guidance of someone such as Drabkin to help turn their home into a profitable investment through consistent short-term rentals.
“Every wealthy person that I know rents their houses. Do these executives and celebrities need to
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