CONCHO- If you read the Recent Articles on here – No Housing Bottom in 2008, rents are falling. Don’t be afraid to make someone an offer. If you are a good tenant who isn’t throwing parties and appreciates keeping nice things nice, and you’re reliable for your rent, …there are condo owners out there who will rent at a price less than what they are asking so they can get a quality tenant. Looking at Craigslist you might think condo rents are going in the 1700-2K range in the Gaslamp for a 1 bdrm. Reality is that there are people paying 1300-1600 in fantastic locations (right in the heart of the Gaslamp /marina/ ballpark). Are you willing to move? If so, find a place to move, and let the mgmt co. know you’ll be moving in 30 days, unless of course the owner agrees to a lesser rent increase. If you move out, perhaps they’ll rent it the following month, but traditionally this time of year is slow. Is the owner willing to take a 1 or 2 month vacancy? If he/she can do simple math, it doesn’t compute to let you go.
