IAC Renters. Check the prices before you renew your Lease.

bltserv_IHB

bltserv_IHB

New member
<p>So I have noticed at my IAC Apartment more and more people moving. And more open parking. My lease is up for renewal in a couple months. So I spent some time on the website checking prices and availability. <a href="http://www.rental-living.com/">http://www.rental-living.com/</a></p>

<p>Low and behold the unit around the corner is almost $ 200.00 a month less and is available. Exact same unit and floorplan. </p>

<p>So it would appear IAC is lowering rents in an attempt to stay competitive. So if you are renewing make sure to take the time out and print up the latest prices. Lets see what the Manager says when I stop by to discuss my Lease Renewal ? </p>

<p> </p>

<p> </p>

<p> </p>

<p> </p>
 
My last lease renewal offer letter also came in about $200 above the prices I was seeing advertised on Craigslist for the same floor plan. I wasn't able to negotiate all the difference away, but they met me more than half way. Be polite but firm, and they will work with you.
 
<p>Would it be feasable to simply pick up your belonging and moved to the lower priced apartment? Would IAC have a problem with that, assuming your lease is ending?</p>
 
I am doing the exact same thing right now. Live in Quail Meadow and we put in our 30 day notice. We've been looking at other communities and every one has 5% to 8% reductions in market rents.
 
<p>Yep my rent went DOWN about 70 a month. Not exactly stellar since they've raised my rent nearly 300 in the last 2 years. But you take your wins where you can.</p>

<p>-bix</p>
 
<p>Our rent was raised by $125 at IAC in January when we signed a new lease, we love it here, it's the perfect location for us for a few reasons, we both have 2 mile commutes, it's close to the Bike Path and it's a lovely place to live, I tried to negotiate with the Girls in the Office but they just weren't having it...</p>

<p>If we had moved out there would be 4 vacant Townhouse within a 50' radius...</p>
 
<p>Peter UK - I had to wait for my lease renewal too. All worked out fine in the end. I got my new lease papers with the new rate when everyone else in the neighborhood did too. My guess is that the girls in the office don't have the authority to just write you the new lease, there is some centralized procedure/approval they have to go though first. The delay likely isn't personal, just bureaucratic.</p>

<p>Per cars - I am noticing more cars improperly parked, even though from the rental-living.com site, seems like there shouldn't be. I also sometimes see a flatbed truck slowly driving around the general area, once with a mid-priced car a few years old on top. Maybe some homeowners are hiding their car from the repo man in the apartment parking lots?</p>
 
Here's the bottom line: IAC will try and hit you up with a 5% increase. Just go in an negotiate nicely with them and they will usually only do a 2-2.5% increase. If they think you are serious, going to leave, and are a good renter (no bounced checks, pays on time or early, no noise), they will work with you. However, I have to agree I have been seeing some better deals out there.
 
<p>Jeez, sounds like such a hassle for everyone... Lease renewals, abandoned cars, toilets on the patio. </p>

<p>I've got it easy. No worries about rate increases, negotiations and the like. All I have to worry about is losing $5-8K per month in equity on my condo. </p>
 
<p>ipoplaya, people don't want to hear about the nice stuff about renting - that's boring. </p>

<p>But to respond to your smug comment - it's not a hassle for everyone. I LOVE the house we are renting. It costs us $2800 per month in Coto de Caza on the golf course with mountains in the background. I don't think the area we live in or our view could get any better.</p>

<p>If we were to buy this house, it would cost us about $6,000 per month to "rent" from the bank. </p>

<p>So, it's NOT a hassle for everyone. So, until we can "rent" from the bank for the same price as we "rent" from our landlord - we'll keep renting from the landlord.</p>
 
<p>Was joking around CalGal... I'd much rather be renting right now and have to worry about a hundred or two per month increase vs. the equity I am burning...</p>

<p>Not in a humorous mood this weekend eh?</p>
 
<iframe width="500" scrolling="no" height="47" frameborder="0" src="http://mine.icanhascheezburger.com/embed.aspx?551511"></iframe>

<img alt="Humorous Pictures" style="word-spacing: 551511px; font-size: 551511px;" src="http://icanhascheezburger.files.wordpress.com/2008/02/funny-pictures-cat-punches-dog.jpg" />

<p> </p>
 
<p>Good comment from (<a href="http://www.irvinehousingblog.com/2008/03/12/mortgages-as-options/#comment-57462">http://www.irvinehousingblog.com/2008/03/12/mortgages-as-options/#comment-57462</a>). I must say, I am pretty surprised comparing <a href="http://orangecounty.craigslist.org/">http://orangecounty.craigslist.org</a> rentals vs. rental-living.com </p>

<p> </p>

<p><cite>Comment by Surfing in Newport<a href="http://www.irvinehousingblog.com/2008/03/12/mortgages-as-options/#comment-57393"></a></cite> </p>



2008-03-12 10:44:41



<p>You can search the MLS through the ReMax site. Use the advance search option. The other source that I use is craigslist. It looks as if the IAC is using craigslist more than the MLS right now. It could be because they think that they could quote the same apartment at two different prices. Higher price for those that walk in and a lower price for those that call based on the craiglist.</p>



>(Comments wont nest below this level)

<p> </p>

<p class="MsoNormal"> </p>

<p class="MsoNormal"> </p>
 
<p>My lease is up in April and I just got a call from my property manager wondering if we can hammer out the details of the new lease before the formal letter went out. I am in a 2b/2b that is 1000+ sq ft and has washer/dryer and 1 real garage for $1890 a month. She started with $100 increase and within a few minutes, we were down to $50. </p>

<p>I will go in tomorrow and try really hard to get her down to $0-$25 increase per month. I really don't want to move but so many complexes are offering great deals now. I figure my last move cost about $500 so unless I save a good amount more, its not worth moving.</p>

<p>Any one have any ideas on how to negotiate strongly? </p>
 
<em>"Any one have any ideas on how to negotiate strongly?"</em>





Tell them you have found a better deal, and you will move unless you get a better deal from them -- bluff.
 
<p>rkp, I, too, estimated ~$500 to move and so the past couple of times I've worked them down on an increase, I found stiff resistance at those levels where the cost/benefit of moving was minimal so I believe the Irvine Company is keenly aware of this in their negotiation handbook. Probably the very fact that you are trying to negotiate between $0 - $25 extra per month is a tell that you aren't moving anywhere since you'd be likely to lose money. Of course, both of my experiences were in a 2/2 at Oak Creek.</p>

<p>My 2 pesos worth.</p>

<p>Edit: Oh, and I'm not trying to disuade you from trying. Anything but. I'm simply arming you with additional information and you ought to go in there with guns firing (figuratively).</p>
 
You must log in or register to reply here.
Back
Top