Interesting Info – Nationwide rent down.

[CAwireman]

http://www.publicradio.org/tools/media_player/popup.php?name=marketplace/pm/2010/01/07/marketplace_cast2_20100107_64

From Market place today –
1) Through 06 – 08 banks gave money to developers speculating on the need for more rental units due to the downturn in housing. So, there’s excess space out there.
2) People doubling up in apartments instead of living alone. People take roommates when the economy dips.
3) People move back home, or move in with family.

[Scarlett]

How can I negotiate down my rent on my current lease? I rent a 3 bdr 1700 sf townhome in La Jolla Colony; my lease is up next month. I pay $2400/mo and I feel like I am overpaying for this particular house. The house is not in great shape – VERY drafty – it costs a lot to warm it up, doesn’t have AC (and needs it upstairs in summer); perennial bug infestations etc. I want to get it down to $2200 , which in 1 year is just the equivalent of 1 month free rent. We’ve been very good and responsible tenants. This property is rented out through an agent. Please, any input is appreciated! Thanks in advance!

[Scarlett]

How can I negotiate down my rent on my current lease? I rent a 3 bdr 1700 sf townhome in La Jolla Colony; my lease is up next month. I pay $2400/mo and I feel like I am overpaying for this particular house. The house is not in great shape – VERY drafty – it costs a lot to warm it up, doesn’t have AC (and needs it upstairs in summer); perennial bug infestations etc. I want to get it down to $2200 , which in 1 year is just the equivalent of 1 month free rent. We’ve been very good and responsible tenants. This property is rented out through an agent. Please, any input is appreciated! Thanks in advance!

[Scarlett]

How can I negotiate down my rent on my current lease? I rent a 3 bdr 1700 sf townhome in La Jolla Colony; my lease is up next month. I pay $2400/mo and I feel like I am overpaying for this particular house. The house is not in great shape – VERY drafty – it costs a lot to warm it up, doesn’t have AC (and needs it upstairs in summer); perennial bug infestations etc. I want to get it down to $2200 , which in 1 year is just the equivalent of 1 month free rent. We’ve been very good and responsible tenants. This property is rented out through an agent. Please, any input is appreciated! Thanks in advance!

[Scarlett]

How can I negotiate down my rent on my current lease? I rent a 3 bdr 1700 sf townhome in La Jolla Colony; my lease is up next month. I pay $2400/mo and I feel like I am overpaying for this particular house. The house is not in great shape – VERY drafty – it costs a lot to warm it up, doesn’t have AC (and needs it upstairs in summer); perennial bug infestations etc. I want to get it down to $2200 , which in 1 year is just the equivalent of 1 month free rent. We’ve been very good and responsible tenants. This property is rented out through an agent. Please, any input is appreciated! Thanks in advance!

[Scarlett]

How can I negotiate down my rent on my current lease? I rent a 3 bdr 1700 sf townhome in La Jolla Colony; my lease is up next month. I pay $2400/mo and I feel like I am overpaying for this particular house. The house is not in great shape – VERY drafty – it costs a lot to warm it up, doesn’t have AC (and needs it upstairs in summer); perennial bug infestations etc. I want to get it down to $2200 , which in 1 year is just the equivalent of 1 month free rent. We’ve been very good and responsible tenants. This property is rented out through an agent. Please, any input is appreciated! Thanks in advance!

[Raybyrnes]

You better start looking seriously at new places. Idle threats don’t go very far. But if you have a couple of comparable properties then you may be able to plead your case.

[Raybyrnes]

You better start looking seriously at new places. Idle threats don’t go very far. But if you have a couple of comparable properties then you may be able to plead your case.

[Raybyrnes]

You better start looking seriously at new places. Idle threats don’t go very far. But if you have a couple of comparable properties then you may be able to plead your case.

[Raybyrnes]

You better start looking seriously at new places. Idle threats don’t go very far. But if you have a couple of comparable properties then you may be able to plead your case.

[Raybyrnes]

You better start looking seriously at new places. Idle threats don’t go very far. But if you have a couple of comparable properties then you may be able to plead your case.

[Scarlett]

[quote=Raybyrnes]You better start looking seriously at new places. Idle threats don’t go very far. But if you have a couple of comparable properties then you may be able to plead your case.[/quote]
I’d rather not move as I moved in from an apt 1 yr ago and I’m tired of moving. There are VERY few equivalent townhomes for rent in LJ colony, and I don’t know what they ACTUALLY rented for. My point is, wouldn’t they rather keep the current tenants with a ‘concession’ (1 month free rent) and not have to deal with the hassle of cleaning, putting it on the market, showings, may be vacant for more than a month? Apartment complexes have those deals all the time, at least for new tenants.

[Scarlett]

[quote=Raybyrnes]You better start looking seriously at new places. Idle threats don’t go very far. But if you have a couple of comparable properties then you may be able to plead your case.[/quote]
I’d rather not move as I moved in from an apt 1 yr ago and I’m tired of moving. There are VERY few equivalent townhomes for rent in LJ colony, and I don’t know what they ACTUALLY rented for. My point is, wouldn’t they rather keep the current tenants with a ‘concession’ (1 month free rent) and not have to deal with the hassle of cleaning, putting it on the market, showings, may be vacant for more than a month? Apartment complexes have those deals all the time, at least for new tenants.

[Scarlett]

[quote=Raybyrnes]You better start looking seriously at new places. Idle threats don’t go very far. But if you have a couple of comparable properties then you may be able to plead your case.[/quote]
I’d rather not move as I moved in from an apt 1 yr ago and I’m tired of moving. There are VERY few equivalent townhomes for rent in LJ colony, and I don’t know what they ACTUALLY rented for. My point is, wouldn’t they rather keep the current tenants with a ‘concession’ (1 month free rent) and not have to deal with the hassle of cleaning, putting it on the market, showings, may be vacant for more than a month? Apartment complexes have those deals all the time, at least for new tenants.

[Scarlett]

[quote=Raybyrnes]You better start looking seriously at new places. Idle threats don’t go very far. But if you have a couple of comparable properties then you may be able to plead your case.[/quote]
I’d rather not move as I moved in from an apt 1 yr ago and I’m tired of moving. There are VERY few equivalent townhomes for rent in LJ colony, and I don’t know what they ACTUALLY rented for. My point is, wouldn’t they rather keep the current tenants with a ‘concession’ (1 month free rent) and not have to deal with the hassle of cleaning, putting it on the market, showings, may be vacant for more than a month? Apartment complexes have those deals all the time, at least for new tenants.

[Author]

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