- This topic has 85 replies, 11 voices, and was last updated 15 years, 4 months ago by
cashman.
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AuthorPosts
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November 27, 2007 at 10:07 AM #11002
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November 27, 2007 at 11:31 AM #103891
Raybyrnes
ParticipantRadelow
I did a lot of searching around before I found a place. What I learned through the process is that you are in the drivers seat at the moment as there are not a lot of people moving around at this point in the year. If they don’t rent the place now they could likely be holding the property until April or May.
Professional management companies understand this and that is why they offer incentives and discounts like 1 month of rent free, no down payment etc. Individual owners are not always as bright and sometimes will sptie themselves by not renting even though it is too their disadvantage.
If you are going to offer 1700 a month you may want to present the offer as $20400 for the year divided into monthly payment of $1700. It might help the owner understand that the property is about yield and if he forgoes 1 month of yrent holding out for a higher price it could potentially work against him.
12*1700=$20400
Miss 2 months rent waiting
10*1975=$19750This does not even factor good credit reisk and rental history vs bad credit and rental history.
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November 27, 2007 at 11:43 AM #103901
4plexowner
ParticipantDon’t broach the subject of lower rent when talking to owner/landlord
If you really are interested in the place submit a cover letter with your rental application – explain to the owner why you are an exceptional tenant – don’t try to justify the lower rental rate – just state that $1700 is what you are willing/able to pay and would love to hear from them if they are interested – I like the idea of showing the annualized rent
Don’t expect to hear anything for awhile but don’t be surprised if they call you before Christmas to set a move-in date
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November 27, 2007 at 12:04 PM #103916
(former)FormerSanDiegan
ParticipantI like 4plexowners’ ideas. But, as a landlord, I can tell you that they likely already understand that a $200 drop in rent is better than 2 more months of vacancy in terms of annual gross. If they do not understand this, then they will not likely agree to your offer anyway, because they are either bad at math or weigh other factors more heavily than optimizing income.
Believe it or not, there are sometimes valid temporary reasons for holding out for higher monthly rent and accepting a bit more vacancy taking less annually. -
November 27, 2007 at 2:32 PM #103969
GoUSC
ParticipantThanks for all the advice. I think I will offer a combination of above. I will go view house, fill out the app and attach a cover letter explaining what I am willing to pay. That way he can pull my credit report see the 800 FICO and maybe that’ll help! 🙂
Thanks guys!!!
Mark
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November 27, 2007 at 3:59 PM #103984
CA renter
ParticipantMark,
Not sure if you’d be willing or able to pull it off, but might consider offering X number of months in advance.
With our current LL (since mid-2004), we paid 12 months in advance for the first year and 6 months in advance from that point forward.
Of course, you really need to trust the LL & I’d suggest having an atty come up with an agreement that YOU give the LL regarding escrow accts, LL credit reports, etc.
With a good FICO, advance rent payments & good references, you will have no problem negotiating whatever you want. Also, if you plan on renting for awhile, you could consider offering a two or three-year lease agreement. Talk to an atty & see what you can come up with.
Good luck!
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November 27, 2007 at 4:43 PM #103994
GoUSC
ParticipantI actually did that with my current house. Offering up 6 months in rent in advance. Got me a pretty sizable discount. I might do that again. Thanks
Mark
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November 27, 2007 at 7:42 PM #104024
oxfordrick
ParticipantBest leverage is after the first weekend of each month
– if you are willing to move in immediately. -
November 27, 2007 at 7:42 PM #104109
oxfordrick
ParticipantBest leverage is after the first weekend of each month
– if you are willing to move in immediately. -
November 27, 2007 at 7:42 PM #104123
oxfordrick
ParticipantBest leverage is after the first weekend of each month
– if you are willing to move in immediately. -
November 27, 2007 at 7:42 PM #104151
oxfordrick
ParticipantBest leverage is after the first weekend of each month
– if you are willing to move in immediately. -
November 27, 2007 at 7:42 PM #104169
oxfordrick
ParticipantBest leverage is after the first weekend of each month
– if you are willing to move in immediately. -
November 27, 2007 at 4:43 PM #104081
GoUSC
ParticipantI actually did that with my current house. Offering up 6 months in rent in advance. Got me a pretty sizable discount. I might do that again. Thanks
Mark
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November 27, 2007 at 4:43 PM #104093
GoUSC
ParticipantI actually did that with my current house. Offering up 6 months in rent in advance. Got me a pretty sizable discount. I might do that again. Thanks
Mark
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November 27, 2007 at 4:43 PM #104121
GoUSC
ParticipantI actually did that with my current house. Offering up 6 months in rent in advance. Got me a pretty sizable discount. I might do that again. Thanks
Mark
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November 27, 2007 at 4:43 PM #104139
GoUSC
ParticipantI actually did that with my current house. Offering up 6 months in rent in advance. Got me a pretty sizable discount. I might do that again. Thanks
Mark
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November 27, 2007 at 3:59 PM #104071
CA renter
ParticipantMark,
Not sure if you’d be willing or able to pull it off, but might consider offering X number of months in advance.
With our current LL (since mid-2004), we paid 12 months in advance for the first year and 6 months in advance from that point forward.
Of course, you really need to trust the LL & I’d suggest having an atty come up with an agreement that YOU give the LL regarding escrow accts, LL credit reports, etc.
With a good FICO, advance rent payments & good references, you will have no problem negotiating whatever you want. Also, if you plan on renting for awhile, you could consider offering a two or three-year lease agreement. Talk to an atty & see what you can come up with.
Good luck!
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November 27, 2007 at 3:59 PM #104083
CA renter
ParticipantMark,
Not sure if you’d be willing or able to pull it off, but might consider offering X number of months in advance.
With our current LL (since mid-2004), we paid 12 months in advance for the first year and 6 months in advance from that point forward.
Of course, you really need to trust the LL & I’d suggest having an atty come up with an agreement that YOU give the LL regarding escrow accts, LL credit reports, etc.
With a good FICO, advance rent payments & good references, you will have no problem negotiating whatever you want. Also, if you plan on renting for awhile, you could consider offering a two or three-year lease agreement. Talk to an atty & see what you can come up with.
Good luck!
-
November 27, 2007 at 3:59 PM #104111
CA renter
ParticipantMark,
Not sure if you’d be willing or able to pull it off, but might consider offering X number of months in advance.
With our current LL (since mid-2004), we paid 12 months in advance for the first year and 6 months in advance from that point forward.
Of course, you really need to trust the LL & I’d suggest having an atty come up with an agreement that YOU give the LL regarding escrow accts, LL credit reports, etc.
With a good FICO, advance rent payments & good references, you will have no problem negotiating whatever you want. Also, if you plan on renting for awhile, you could consider offering a two or three-year lease agreement. Talk to an atty & see what you can come up with.
Good luck!
-
November 27, 2007 at 3:59 PM #104130
CA renter
ParticipantMark,
Not sure if you’d be willing or able to pull it off, but might consider offering X number of months in advance.
With our current LL (since mid-2004), we paid 12 months in advance for the first year and 6 months in advance from that point forward.
Of course, you really need to trust the LL & I’d suggest having an atty come up with an agreement that YOU give the LL regarding escrow accts, LL credit reports, etc.
With a good FICO, advance rent payments & good references, you will have no problem negotiating whatever you want. Also, if you plan on renting for awhile, you could consider offering a two or three-year lease agreement. Talk to an atty & see what you can come up with.
Good luck!
-
November 27, 2007 at 2:32 PM #104056
GoUSC
ParticipantThanks for all the advice. I think I will offer a combination of above. I will go view house, fill out the app and attach a cover letter explaining what I am willing to pay. That way he can pull my credit report see the 800 FICO and maybe that’ll help! 🙂
Thanks guys!!!
Mark
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November 27, 2007 at 2:32 PM #104068
GoUSC
ParticipantThanks for all the advice. I think I will offer a combination of above. I will go view house, fill out the app and attach a cover letter explaining what I am willing to pay. That way he can pull my credit report see the 800 FICO and maybe that’ll help! 🙂
Thanks guys!!!
Mark
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November 27, 2007 at 2:32 PM #104095
GoUSC
ParticipantThanks for all the advice. I think I will offer a combination of above. I will go view house, fill out the app and attach a cover letter explaining what I am willing to pay. That way he can pull my credit report see the 800 FICO and maybe that’ll help! 🙂
Thanks guys!!!
Mark
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November 27, 2007 at 2:32 PM #104115
GoUSC
ParticipantThanks for all the advice. I think I will offer a combination of above. I will go view house, fill out the app and attach a cover letter explaining what I am willing to pay. That way he can pull my credit report see the 800 FICO and maybe that’ll help! 🙂
Thanks guys!!!
Mark
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November 27, 2007 at 12:04 PM #104001
(former)FormerSanDiegan
ParticipantI like 4plexowners’ ideas. But, as a landlord, I can tell you that they likely already understand that a $200 drop in rent is better than 2 more months of vacancy in terms of annual gross. If they do not understand this, then they will not likely agree to your offer anyway, because they are either bad at math or weigh other factors more heavily than optimizing income.
Believe it or not, there are sometimes valid temporary reasons for holding out for higher monthly rent and accepting a bit more vacancy taking less annually. -
November 27, 2007 at 12:04 PM #104013
(former)FormerSanDiegan
ParticipantI like 4plexowners’ ideas. But, as a landlord, I can tell you that they likely already understand that a $200 drop in rent is better than 2 more months of vacancy in terms of annual gross. If they do not understand this, then they will not likely agree to your offer anyway, because they are either bad at math or weigh other factors more heavily than optimizing income.
Believe it or not, there are sometimes valid temporary reasons for holding out for higher monthly rent and accepting a bit more vacancy taking less annually. -
November 27, 2007 at 12:04 PM #104040
(former)FormerSanDiegan
ParticipantI like 4plexowners’ ideas. But, as a landlord, I can tell you that they likely already understand that a $200 drop in rent is better than 2 more months of vacancy in terms of annual gross. If they do not understand this, then they will not likely agree to your offer anyway, because they are either bad at math or weigh other factors more heavily than optimizing income.
Believe it or not, there are sometimes valid temporary reasons for holding out for higher monthly rent and accepting a bit more vacancy taking less annually. -
November 27, 2007 at 12:04 PM #104062
(former)FormerSanDiegan
ParticipantI like 4plexowners’ ideas. But, as a landlord, I can tell you that they likely already understand that a $200 drop in rent is better than 2 more months of vacancy in terms of annual gross. If they do not understand this, then they will not likely agree to your offer anyway, because they are either bad at math or weigh other factors more heavily than optimizing income.
Believe it or not, there are sometimes valid temporary reasons for holding out for higher monthly rent and accepting a bit more vacancy taking less annually.
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November 27, 2007 at 11:43 AM #103986
4plexowner
ParticipantDon’t broach the subject of lower rent when talking to owner/landlord
If you really are interested in the place submit a cover letter with your rental application – explain to the owner why you are an exceptional tenant – don’t try to justify the lower rental rate – just state that $1700 is what you are willing/able to pay and would love to hear from them if they are interested – I like the idea of showing the annualized rent
Don’t expect to hear anything for awhile but don’t be surprised if they call you before Christmas to set a move-in date
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November 27, 2007 at 11:43 AM #103998
4plexowner
ParticipantDon’t broach the subject of lower rent when talking to owner/landlord
If you really are interested in the place submit a cover letter with your rental application – explain to the owner why you are an exceptional tenant – don’t try to justify the lower rental rate – just state that $1700 is what you are willing/able to pay and would love to hear from them if they are interested – I like the idea of showing the annualized rent
Don’t expect to hear anything for awhile but don’t be surprised if they call you before Christmas to set a move-in date
-
November 27, 2007 at 11:43 AM #104025
4plexowner
ParticipantDon’t broach the subject of lower rent when talking to owner/landlord
If you really are interested in the place submit a cover letter with your rental application – explain to the owner why you are an exceptional tenant – don’t try to justify the lower rental rate – just state that $1700 is what you are willing/able to pay and would love to hear from them if they are interested – I like the idea of showing the annualized rent
Don’t expect to hear anything for awhile but don’t be surprised if they call you before Christmas to set a move-in date
-
November 27, 2007 at 11:43 AM #104047
4plexowner
ParticipantDon’t broach the subject of lower rent when talking to owner/landlord
If you really are interested in the place submit a cover letter with your rental application – explain to the owner why you are an exceptional tenant – don’t try to justify the lower rental rate – just state that $1700 is what you are willing/able to pay and would love to hear from them if they are interested – I like the idea of showing the annualized rent
Don’t expect to hear anything for awhile but don’t be surprised if they call you before Christmas to set a move-in date
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November 27, 2007 at 9:07 PM #104044
wtrebasky
ParticipantCan someone please recommend a good website for San Diego rentals that is easy to search (i.e. not Craig’s List)?
Thank you.
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November 27, 2007 at 9:07 PM #104129
wtrebasky
ParticipantCan someone please recommend a good website for San Diego rentals that is easy to search (i.e. not Craig’s List)?
Thank you.
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November 27, 2007 at 9:07 PM #104143
wtrebasky
ParticipantCan someone please recommend a good website for San Diego rentals that is easy to search (i.e. not Craig’s List)?
Thank you.
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November 27, 2007 at 9:07 PM #104171
wtrebasky
ParticipantCan someone please recommend a good website for San Diego rentals that is easy to search (i.e. not Craig’s List)?
Thank you.
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November 27, 2007 at 9:07 PM #104189
wtrebasky
ParticipantCan someone please recommend a good website for San Diego rentals that is easy to search (i.e. not Craig’s List)?
Thank you.
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November 27, 2007 at 11:31 AM #103976
Raybyrnes
ParticipantRadelow
I did a lot of searching around before I found a place. What I learned through the process is that you are in the drivers seat at the moment as there are not a lot of people moving around at this point in the year. If they don’t rent the place now they could likely be holding the property until April or May.
Professional management companies understand this and that is why they offer incentives and discounts like 1 month of rent free, no down payment etc. Individual owners are not always as bright and sometimes will sptie themselves by not renting even though it is too their disadvantage.
If you are going to offer 1700 a month you may want to present the offer as $20400 for the year divided into monthly payment of $1700. It might help the owner understand that the property is about yield and if he forgoes 1 month of yrent holding out for a higher price it could potentially work against him.
12*1700=$20400
Miss 2 months rent waiting
10*1975=$19750This does not even factor good credit reisk and rental history vs bad credit and rental history.
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November 27, 2007 at 11:31 AM #103988
Raybyrnes
ParticipantRadelow
I did a lot of searching around before I found a place. What I learned through the process is that you are in the drivers seat at the moment as there are not a lot of people moving around at this point in the year. If they don’t rent the place now they could likely be holding the property until April or May.
Professional management companies understand this and that is why they offer incentives and discounts like 1 month of rent free, no down payment etc. Individual owners are not always as bright and sometimes will sptie themselves by not renting even though it is too their disadvantage.
If you are going to offer 1700 a month you may want to present the offer as $20400 for the year divided into monthly payment of $1700. It might help the owner understand that the property is about yield and if he forgoes 1 month of yrent holding out for a higher price it could potentially work against him.
12*1700=$20400
Miss 2 months rent waiting
10*1975=$19750This does not even factor good credit reisk and rental history vs bad credit and rental history.
-
November 27, 2007 at 11:31 AM #104015
Raybyrnes
ParticipantRadelow
I did a lot of searching around before I found a place. What I learned through the process is that you are in the drivers seat at the moment as there are not a lot of people moving around at this point in the year. If they don’t rent the place now they could likely be holding the property until April or May.
Professional management companies understand this and that is why they offer incentives and discounts like 1 month of rent free, no down payment etc. Individual owners are not always as bright and sometimes will sptie themselves by not renting even though it is too their disadvantage.
If you are going to offer 1700 a month you may want to present the offer as $20400 for the year divided into monthly payment of $1700. It might help the owner understand that the property is about yield and if he forgoes 1 month of yrent holding out for a higher price it could potentially work against him.
12*1700=$20400
Miss 2 months rent waiting
10*1975=$19750This does not even factor good credit reisk and rental history vs bad credit and rental history.
-
November 27, 2007 at 11:31 AM #104036
Raybyrnes
ParticipantRadelow
I did a lot of searching around before I found a place. What I learned through the process is that you are in the drivers seat at the moment as there are not a lot of people moving around at this point in the year. If they don’t rent the place now they could likely be holding the property until April or May.
Professional management companies understand this and that is why they offer incentives and discounts like 1 month of rent free, no down payment etc. Individual owners are not always as bright and sometimes will sptie themselves by not renting even though it is too their disadvantage.
If you are going to offer 1700 a month you may want to present the offer as $20400 for the year divided into monthly payment of $1700. It might help the owner understand that the property is about yield and if he forgoes 1 month of yrent holding out for a higher price it could potentially work against him.
12*1700=$20400
Miss 2 months rent waiting
10*1975=$19750This does not even factor good credit reisk and rental history vs bad credit and rental history.
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November 27, 2007 at 9:11 PM #104049
Bloat
ParticipantAs a landlord I’m receptive to giving the “6th month free” with a one year lease “if payments are on time”. If the fair rent is $1975 I would be against taking less because it lowers my base at lease renewal. Vacancy is the killer, a smart landlord should be willing to give up a month to get a good tenant.
Getting a year’s rent up front would be real nice, but I’ve never been offered that.
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November 28, 2007 at 7:51 AM #104177
GoUSC
ParticipantI am going to look at the place today. If it fits within my needs I will fill out the app, offer $1550 for the first six months, $1650 for the next six months, and offer to pay the first six months up front. We’ll see what happens. I am under no pressure to move. I rent a nice 2000sf house in BayPark for $2200/month with my brother so if I have to stay there I just will.
I want to live alone again though! I am 31 fer crying out loud!
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November 28, 2007 at 7:51 AM #104262
GoUSC
ParticipantI am going to look at the place today. If it fits within my needs I will fill out the app, offer $1550 for the first six months, $1650 for the next six months, and offer to pay the first six months up front. We’ll see what happens. I am under no pressure to move. I rent a nice 2000sf house in BayPark for $2200/month with my brother so if I have to stay there I just will.
I want to live alone again though! I am 31 fer crying out loud!
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November 28, 2007 at 7:51 AM #104274
GoUSC
ParticipantI am going to look at the place today. If it fits within my needs I will fill out the app, offer $1550 for the first six months, $1650 for the next six months, and offer to pay the first six months up front. We’ll see what happens. I am under no pressure to move. I rent a nice 2000sf house in BayPark for $2200/month with my brother so if I have to stay there I just will.
I want to live alone again though! I am 31 fer crying out loud!
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November 28, 2007 at 7:51 AM #104299
GoUSC
ParticipantI am going to look at the place today. If it fits within my needs I will fill out the app, offer $1550 for the first six months, $1650 for the next six months, and offer to pay the first six months up front. We’ll see what happens. I am under no pressure to move. I rent a nice 2000sf house in BayPark for $2200/month with my brother so if I have to stay there I just will.
I want to live alone again though! I am 31 fer crying out loud!
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November 28, 2007 at 7:51 AM #104318
GoUSC
ParticipantI am going to look at the place today. If it fits within my needs I will fill out the app, offer $1550 for the first six months, $1650 for the next six months, and offer to pay the first six months up front. We’ll see what happens. I am under no pressure to move. I rent a nice 2000sf house in BayPark for $2200/month with my brother so if I have to stay there I just will.
I want to live alone again though! I am 31 fer crying out loud!
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November 27, 2007 at 9:11 PM #104134
Bloat
ParticipantAs a landlord I’m receptive to giving the “6th month free” with a one year lease “if payments are on time”. If the fair rent is $1975 I would be against taking less because it lowers my base at lease renewal. Vacancy is the killer, a smart landlord should be willing to give up a month to get a good tenant.
Getting a year’s rent up front would be real nice, but I’ve never been offered that.
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November 27, 2007 at 9:11 PM #104148
Bloat
ParticipantAs a landlord I’m receptive to giving the “6th month free” with a one year lease “if payments are on time”. If the fair rent is $1975 I would be against taking less because it lowers my base at lease renewal. Vacancy is the killer, a smart landlord should be willing to give up a month to get a good tenant.
Getting a year’s rent up front would be real nice, but I’ve never been offered that.
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November 27, 2007 at 9:11 PM #104176
Bloat
ParticipantAs a landlord I’m receptive to giving the “6th month free” with a one year lease “if payments are on time”. If the fair rent is $1975 I would be against taking less because it lowers my base at lease renewal. Vacancy is the killer, a smart landlord should be willing to give up a month to get a good tenant.
Getting a year’s rent up front would be real nice, but I’ve never been offered that.
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November 27, 2007 at 9:11 PM #104194
Bloat
ParticipantAs a landlord I’m receptive to giving the “6th month free” with a one year lease “if payments are on time”. If the fair rent is $1975 I would be against taking less because it lowers my base at lease renewal. Vacancy is the killer, a smart landlord should be willing to give up a month to get a good tenant.
Getting a year’s rent up front would be real nice, but I’ve never been offered that.
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November 28, 2007 at 8:15 AM #104202
34f3f3f
ParticipantIn these turbulent times, how can you be sure you’d get your 6-12 months rent in advance, back if the house you are renting goes into foreclosure?
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November 28, 2007 at 8:56 AM #104246
GoUSC
ParticipantYou run that risk, however, the house was bought a LONG LONG time ago (checked public records) and there doesn’t appear to even be a loan on it anymore.
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November 28, 2007 at 9:02 AM #104256
(former)FormerSanDiegan
ParticipantIn these turbulent times, how can you be sure you’d get your 6-12 months rent in advance, back if the house you are renting goes into foreclosure?
I wouldn’t worry about paying 6 months in advance, assuming the property currently does not have a NOD. My guess is you would have a minimum of 5 months after a NOD before you were kicked out.
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November 28, 2007 at 3:40 PM #104626
NeetaT
ParticipantI will be moving to San Diego / Sun Diego / San Dog in April 2008. I plan on renting and in doing so, I plan on low-balling desperate owners by offering them 1yrs worth of rent up front at a severe discount to me. I believe some people would go for this because up front money talks. For example; If the rent is $2,000.00 a month, I will offer $1,800.00 per month x 12 up front. That would be like earning 10% tax free. They may take the money and try to invest it and make up the 10% not guaranteed and be taxed.
I am not really worried about the risk of losing up front money. I will just sue the person for more or threaten to sue the bank that owns the house.
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November 28, 2007 at 4:17 PM #104661
GoUSC
ParticipantNeetaT that isn’t a huge discount. In my current house they were asking $2700/month and I offered $2100/month six months up front and they accepted.
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November 28, 2007 at 4:17 PM #104751
GoUSC
ParticipantNeetaT that isn’t a huge discount. In my current house they were asking $2700/month and I offered $2100/month six months up front and they accepted.
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November 28, 2007 at 4:17 PM #104757
GoUSC
ParticipantNeetaT that isn’t a huge discount. In my current house they were asking $2700/month and I offered $2100/month six months up front and they accepted.
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November 28, 2007 at 4:17 PM #104783
GoUSC
ParticipantNeetaT that isn’t a huge discount. In my current house they were asking $2700/month and I offered $2100/month six months up front and they accepted.
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November 28, 2007 at 4:17 PM #104805
GoUSC
ParticipantNeetaT that isn’t a huge discount. In my current house they were asking $2700/month and I offered $2100/month six months up front and they accepted.
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November 28, 2007 at 4:58 PM #104685
Raybyrnes
ParticipantNeetaT
Your timing for moving out here is bad with respect to leverage. San Diego is a destination place over the summer time especially. There are a lot of people out here who will go 2 in a bedroom. You might be disappointed to find that there are many renters and les housing as we approach the summer months.
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November 28, 2007 at 10:54 PM #104914
cashman
ParticipantI just negotiated a lease for a new rental for myself. I think I got a pretty good deal. It’s a 3800 sq. ft. home on an acre lot in a gated neighborhood. The owner was asking $3500 per month. I got him down to $2850 by paying six months in advance. I also got him to agree to not increasing rents for three years. So my answer to the original post is an emphatic “yes”, you can definitely negotiate favorable lease terms, especially at this time of year. I don’t think many people want to move over the holidays.
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November 28, 2007 at 10:54 PM #105004
cashman
ParticipantI just negotiated a lease for a new rental for myself. I think I got a pretty good deal. It’s a 3800 sq. ft. home on an acre lot in a gated neighborhood. The owner was asking $3500 per month. I got him down to $2850 by paying six months in advance. I also got him to agree to not increasing rents for three years. So my answer to the original post is an emphatic “yes”, you can definitely negotiate favorable lease terms, especially at this time of year. I don’t think many people want to move over the holidays.
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November 28, 2007 at 10:54 PM #105009
cashman
ParticipantI just negotiated a lease for a new rental for myself. I think I got a pretty good deal. It’s a 3800 sq. ft. home on an acre lot in a gated neighborhood. The owner was asking $3500 per month. I got him down to $2850 by paying six months in advance. I also got him to agree to not increasing rents for three years. So my answer to the original post is an emphatic “yes”, you can definitely negotiate favorable lease terms, especially at this time of year. I don’t think many people want to move over the holidays.
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November 28, 2007 at 10:54 PM #105039
cashman
ParticipantI just negotiated a lease for a new rental for myself. I think I got a pretty good deal. It’s a 3800 sq. ft. home on an acre lot in a gated neighborhood. The owner was asking $3500 per month. I got him down to $2850 by paying six months in advance. I also got him to agree to not increasing rents for three years. So my answer to the original post is an emphatic “yes”, you can definitely negotiate favorable lease terms, especially at this time of year. I don’t think many people want to move over the holidays.
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November 28, 2007 at 10:54 PM #105062
cashman
ParticipantI just negotiated a lease for a new rental for myself. I think I got a pretty good deal. It’s a 3800 sq. ft. home on an acre lot in a gated neighborhood. The owner was asking $3500 per month. I got him down to $2850 by paying six months in advance. I also got him to agree to not increasing rents for three years. So my answer to the original post is an emphatic “yes”, you can definitely negotiate favorable lease terms, especially at this time of year. I don’t think many people want to move over the holidays.
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November 28, 2007 at 4:58 PM #104776
Raybyrnes
ParticipantNeetaT
Your timing for moving out here is bad with respect to leverage. San Diego is a destination place over the summer time especially. There are a lot of people out here who will go 2 in a bedroom. You might be disappointed to find that there are many renters and les housing as we approach the summer months.
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November 28, 2007 at 4:58 PM #104781
Raybyrnes
ParticipantNeetaT
Your timing for moving out here is bad with respect to leverage. San Diego is a destination place over the summer time especially. There are a lot of people out here who will go 2 in a bedroom. You might be disappointed to find that there are many renters and les housing as we approach the summer months.
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November 28, 2007 at 4:58 PM #104806
Raybyrnes
ParticipantNeetaT
Your timing for moving out here is bad with respect to leverage. San Diego is a destination place over the summer time especially. There are a lot of people out here who will go 2 in a bedroom. You might be disappointed to find that there are many renters and les housing as we approach the summer months.
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November 28, 2007 at 4:58 PM #104830
Raybyrnes
ParticipantNeetaT
Your timing for moving out here is bad with respect to leverage. San Diego is a destination place over the summer time especially. There are a lot of people out here who will go 2 in a bedroom. You might be disappointed to find that there are many renters and les housing as we approach the summer months.
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November 28, 2007 at 3:40 PM #104716
NeetaT
ParticipantI will be moving to San Diego / Sun Diego / San Dog in April 2008. I plan on renting and in doing so, I plan on low-balling desperate owners by offering them 1yrs worth of rent up front at a severe discount to me. I believe some people would go for this because up front money talks. For example; If the rent is $2,000.00 a month, I will offer $1,800.00 per month x 12 up front. That would be like earning 10% tax free. They may take the money and try to invest it and make up the 10% not guaranteed and be taxed.
I am not really worried about the risk of losing up front money. I will just sue the person for more or threaten to sue the bank that owns the house.
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November 28, 2007 at 3:40 PM #104722
NeetaT
ParticipantI will be moving to San Diego / Sun Diego / San Dog in April 2008. I plan on renting and in doing so, I plan on low-balling desperate owners by offering them 1yrs worth of rent up front at a severe discount to me. I believe some people would go for this because up front money talks. For example; If the rent is $2,000.00 a month, I will offer $1,800.00 per month x 12 up front. That would be like earning 10% tax free. They may take the money and try to invest it and make up the 10% not guaranteed and be taxed.
I am not really worried about the risk of losing up front money. I will just sue the person for more or threaten to sue the bank that owns the house.
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November 28, 2007 at 3:40 PM #104748
NeetaT
ParticipantI will be moving to San Diego / Sun Diego / San Dog in April 2008. I plan on renting and in doing so, I plan on low-balling desperate owners by offering them 1yrs worth of rent up front at a severe discount to me. I believe some people would go for this because up front money talks. For example; If the rent is $2,000.00 a month, I will offer $1,800.00 per month x 12 up front. That would be like earning 10% tax free. They may take the money and try to invest it and make up the 10% not guaranteed and be taxed.
I am not really worried about the risk of losing up front money. I will just sue the person for more or threaten to sue the bank that owns the house.
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November 28, 2007 at 3:40 PM #104769
NeetaT
ParticipantI will be moving to San Diego / Sun Diego / San Dog in April 2008. I plan on renting and in doing so, I plan on low-balling desperate owners by offering them 1yrs worth of rent up front at a severe discount to me. I believe some people would go for this because up front money talks. For example; If the rent is $2,000.00 a month, I will offer $1,800.00 per month x 12 up front. That would be like earning 10% tax free. They may take the money and try to invest it and make up the 10% not guaranteed and be taxed.
I am not really worried about the risk of losing up front money. I will just sue the person for more or threaten to sue the bank that owns the house.
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November 28, 2007 at 9:02 AM #104342
(former)FormerSanDiegan
ParticipantIn these turbulent times, how can you be sure you’d get your 6-12 months rent in advance, back if the house you are renting goes into foreclosure?
I wouldn’t worry about paying 6 months in advance, assuming the property currently does not have a NOD. My guess is you would have a minimum of 5 months after a NOD before you were kicked out.
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November 28, 2007 at 9:02 AM #104352
(former)FormerSanDiegan
ParticipantIn these turbulent times, how can you be sure you’d get your 6-12 months rent in advance, back if the house you are renting goes into foreclosure?
I wouldn’t worry about paying 6 months in advance, assuming the property currently does not have a NOD. My guess is you would have a minimum of 5 months after a NOD before you were kicked out.
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November 28, 2007 at 9:02 AM #104379
(former)FormerSanDiegan
ParticipantIn these turbulent times, how can you be sure you’d get your 6-12 months rent in advance, back if the house you are renting goes into foreclosure?
I wouldn’t worry about paying 6 months in advance, assuming the property currently does not have a NOD. My guess is you would have a minimum of 5 months after a NOD before you were kicked out.
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November 28, 2007 at 9:02 AM #104397
(former)FormerSanDiegan
ParticipantIn these turbulent times, how can you be sure you’d get your 6-12 months rent in advance, back if the house you are renting goes into foreclosure?
I wouldn’t worry about paying 6 months in advance, assuming the property currently does not have a NOD. My guess is you would have a minimum of 5 months after a NOD before you were kicked out.
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November 28, 2007 at 8:56 AM #104332
GoUSC
ParticipantYou run that risk, however, the house was bought a LONG LONG time ago (checked public records) and there doesn’t appear to even be a loan on it anymore.
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November 28, 2007 at 8:56 AM #104343
GoUSC
ParticipantYou run that risk, however, the house was bought a LONG LONG time ago (checked public records) and there doesn’t appear to even be a loan on it anymore.
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November 28, 2007 at 8:56 AM #104370
GoUSC
ParticipantYou run that risk, however, the house was bought a LONG LONG time ago (checked public records) and there doesn’t appear to even be a loan on it anymore.
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November 28, 2007 at 8:56 AM #104388
GoUSC
ParticipantYou run that risk, however, the house was bought a LONG LONG time ago (checked public records) and there doesn’t appear to even be a loan on it anymore.
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November 28, 2007 at 8:15 AM #104287
34f3f3f
ParticipantIn these turbulent times, how can you be sure you’d get your 6-12 months rent in advance, back if the house you are renting goes into foreclosure?
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November 28, 2007 at 8:15 AM #104300
34f3f3f
ParticipantIn these turbulent times, how can you be sure you’d get your 6-12 months rent in advance, back if the house you are renting goes into foreclosure?
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November 28, 2007 at 8:15 AM #104325
34f3f3f
ParticipantIn these turbulent times, how can you be sure you’d get your 6-12 months rent in advance, back if the house you are renting goes into foreclosure?
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November 28, 2007 at 8:15 AM #104345
34f3f3f
ParticipantIn these turbulent times, how can you be sure you’d get your 6-12 months rent in advance, back if the house you are renting goes into foreclosure?
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