I posted a for rent listing in one of the websites which *cough* is no longer free. I guess that public company had a few bad quarters over overpaying for homes on MLS and now actually has to try to make money, so they started to charge for listings.. Go figure! Anyway still good service, and it’s $30 for 90 days, so why not…
And lurking around Craiglist, I basically see no rental inventory in MM, and the starting price for the smallest is well over $2k/month for AND the status is “waitlist” taking backup tenants
I thought this was a scam from the large complexes like IMT etc to get people like there is a shortage.
Well, so far my listing slightly lower has 36+ respondents in 1 week, and that’s not including the ones I haven’t opened from craiglist. Unlike before, people contacting me are pretty content with my list price and aren’t trying to haggle over it.
So far, I got candidates that are engineers (mostly) around $100k-120k, nurses that make around $100k, a PA that makes $150k, and a few bites from parents of students from UCSD that want find their kid a place. And there’s a boatload of other applicants I haven’t had time to review, I’m hoping I can pick one out of the first 10 and not deal with scheduling showing for the rest.
The parents of UCSD student looking for student housing is kinda interesting… I have a colleague that just bought a 1/1 condo in UTC, and on the chinese network, she was able to get that condo filled within 1 week. $3300/month for a 1/1 paid by a parent that paid for the entire year of rent upfront. So add UCSD student housing shortage to the issue too.
Meanwhile, the funny part is my tenant moved out on 11/30. The day before he moved out, he texted me asking if he could stay an additional 3 days (for free of course!) because the friend he was going to stay came down with the flu and he didn’t want to risk him and his wife and kid getting sick. I was like, I’m sorry to hear about your situation, but buddy, you decided you wanted to end the lease 11/30 so you wouldn’t have to pay for rent for december and save 2-3 months of rent while you returned home overseas. You specifically wanted the last day to be 11/30. I’ve already scheduled cleaning, repairs, etc people to come over starting 12/1 and already scheduled to show over the next few days… I’m sorry, but if you’re concerned about getting sick, I’d suggest you find a hotel nearby to stay in…
I think right now, a hotel room in MM is running about $220-250/night…So if he stayed in a hotel for 4 nights, that’s like $1000 right there….Not to mention the $300 cleaning fee my cleaner is going to charge him for leaving the kitchen and place a mess.
Pennywise, pound foolish… And not my problem..
I’m hoping to fill the condo over the weekend. Some of the tenant prospects is asking me if this is going to turn into a bidding war, and I said no….First come first serve with rental application and credit/income that passes my test. Then the applications, and pre-credit reports pay stubs came rolling in…See, I’m a nice guy. Not going to do this bidding war thing…
Man… $2000+/month starting in mira mesa.
The rent cashflow is starting to get really close to replacing my salary. It was only just a few years ago when the rent price was $1200/month and these were selling for $160k (and then that was considered a ripoff)…Wish I listened to people more and picked up more.
