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

NEW -> Contingent Buyer Assistance Program
<p>Well I just got my letter on the Renewal of my Lease. So I called and asked the IAC rep about the unit a couple doors down that is larger and that I would be interested in moving to this other unit. He quoted me a price that is lower than my rent ! When I mentioned that that unit was on Craigslist he said "fine" that he would honor that price if I brought the ad in. So the IAC can and WILL negotiate with you. Looks like my rent will be going down almost 13% and I have a 5% larger apartment. I know I get the cleaning fee and the other nasty. Lost weekend Moving. But no truck and fresh place. Lets see if this follows through.</p>

<p>Looks like I did better than your prognostication of a free rug cleaning Mr. Caraway. Prices and Markets do change. And the IAC seems to be interested in keeping its good tenants afterall. Would you care for another glass of Kool_aid sir ? </p>

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<p>@bltserv: Negotiating for a lower rent when you're moving to another location is usually easy. I think for most people trying to negotiate, they are trying to STAY in the same apartment, not necesarily the same complex.</p>

<p>If you were to try to negotiate your CURRENT rent, in your CURRENT apartment saying that the unit across from you is 13% cheaper and the size is 5% larger, I bet you they would still increase your rent! Maybe they'll take a few dollars more off if you bring that CL ad, but it will still increase. The IAC will rather have you move to another place for the lower rent... I don't know the psychology in that. </p>

<p>"And the IAC seems to be interested in keeping its good tenants afterall." Not really... your lease was ending and you had proof of a lower rent in another unit. If you were some new customer, they probably would have gotten the same deal. If you asked them to decrease your rent in your CURRENT place, they probably would rather have you move.</p>

<p>If my logic is wrong here... someone please correct me, but this is the pattern I've seen from IAC the whole time.</p>
 
You've done nothing to be proud of or that would qualify your smug remarks. My point was that you will not be able to negotiate the rent rate on your current lease because, due to the FHA i believe, would require the landlord to offer the same discount to all other renters.



Furthermore, I wouldn't call that negotiating, you're still getting the apartment for the advertised price.



In your case, blt, you just got lucky that there was a unit a few doors down and IAC was unlucky that that there was a renter living in their community who has the time to surf craigslist as well as the time to move a bunch of furniture. I would have congratulated you on your negotiation skills if you were able to work a deal with the IAC if you negotiated your current rent in you current apartment down by 13%, but as i mentioned before, NO ONE can get this deal due to, I believe, the FHA.



IAC doesn't think of you as a good tenant, they have to offer you the apartment as it would be discrimination.



And do you know why more people in your community aren't taking advantage of this "deal"? Because they know that it's not just a simple matter of moving apartments. Here's a list of issues i can think of off the top of my head: 1) risk losing security deposit; 2) utility connection fees; 3) change of address; 4) new telephone #; 5) cable connection fees 6) new ID card requests 7) user ID changes, just to name a few.



I'm not disputing that you are saving money, but you have negotiated nothing.
 
IAC bets on the tenant staying put in their current apartment since the cost/headaches of moving would typically exceed the rent increase. For example, if they increase my rent by 3%, that would be another $75/month or $900/year. A move within irvine would probably cost $500-800, which means im not moving, especially if im expecting to rent one to three more years before buying a house. Just wouldnt be worth it for me to move.
 
<p>Well moving is not that much fun but to save about $ 2500.00 over the next year ? Its a good move. The only expense will be a few friends to move me a few yards and the necessary week of overlap. The Utilities should be a breeze. Cox, Gas, Electric. No big deal. No worries on all the mailing and Drivers License. That all is on my business address. Nice fresh place and the idea of saving more money. Heck this is a killer free weekend skiing or in Vegas as far as I am concerned. The fact is its more apartment for less money. You guys are correct I think in that If I stayed in my unit they would have held firm on the rent and not lowered the rent. But the net result is a decrease in a fixed monthly expense. </p>

<p>Caraway. Luck is when preperation meets opportunity. Your bitter comments are just troll fodder. </p>

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My bitter comments? You're the one who called me out.



Again, no one is disputing you are saving money. However, you claimed that you beat the system and that's just not true, IAC is offering you their quoted rate on an apartment in their community. If they could, they would deny you the chance to move in their as it's going to cost them money to prep your old apt for lease.



If you negotiated your current rate down, than yes, fricken kudos to you, but ya didn't and i think you are now just realizing you've negotiated nothing which is why you avoided mentioning it in your last post.



"The Utilities should be a breeze. Cox, Gas, Electric. No big deal." - Sure, no big deal, except for the fees that cut into your savings.



"No worries on all the mailing and Drivers License. That all is on my business address." - You really need to explain to me how your lics has your business address on it.



I bet this comes around and bites you in the butt anyways. i've seen how these teaser leases are being structured now. They offer a lease at "discount" off the market rate. This way, when renewal comes around, they can increase your rent by 5% of the market rate, not the discount rate.



Blt, "a real man makes his own luck" - Billy Zane, Titanic
 
<p>jcaraway just said it a bit more bluntly, but remember, you bltserv fed him especially with your comment about the free rug cleaning.</p>

<p>All in all, yes you got a good deal, but negotiating had nothing to do with it. If I could save 2500 for the year, heck, I would move also. Like you said, less the week overlap, cleaning deposit for current place, and food for your friends helping you move... if the benefits outweigh the cost greatly, I'd do it. </p>
 
<p>Billy Zane. Too funny. And the Character in the movie that made that quote commited suicide. "Pistol in the mouth if I remember after the crash in 29" ...... So much for a real man and your analogy.......</p>

<p>The point is that we have choices. And I started this thread with the idea of helping others use the internet and keep the IAC from raising the rents. I am sure that as the Real Estate market continues its slide and the recession we seem to be slipping into moves ahead. That the next step will be for IAC to lower some rents as the law of supply and demand creates issues with vacancies for them. </p>

<p>My fault for feeding the troll. How foolish of me. </p>

<p>I believe that most trolls are sad people, living their lonely lives vicariously through those they see as strong and successful.</p>

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thanks for keeping track of the score rob.



No comments on the billy zane quote? From the Office.......no lols?



If you factor in the value of your time along with the fees and cost of booze for your mover helping friends, I bet your savings is nil.



blt, explain the reasoning behind putting your business address on your lisc!!! i'm really curious as to why and if you can even do that?



But to get back to the discussion thread, I think there is a legitimate concern over the teaser leases whose annual rent increases are based off of market rate, not the discounted rate. I know more than a few people moving out of the village after one year due to a signifigant bump in rent after their teaser rates are reset to market. IAC could care less as they know these people's are more than likely to end up in an IAC community anyways.
 
Wow, someone really liked that movie.



now your just being obtuse. This is what you claimed "So the IAC can and WILL negotiate with you." i feel the need to copy and paste it in my own post so we have record before you edit your comments. No one is denying that we have choices, i could continue to move after each term of my lease ends to a cheaper place, that's a choice anyone has, but for obvious reasons, it's often the irrational and inconvenient choice, (in your case, it's not so much as you live two doors down). But don't brag and gloat that you've beat the system and found a way to negotiate because you've found an apt advertised at a lower price in your communtiy. Every response in this forum has been to contrary that you've negotiated and every renter knows that there are always better deals to be had.



You're adding comments on what everyone already knows, simply to try to prove me wrong, yet you're the one with egg on your face. Your lesson on economics won't add credibility to your posts, "the next step will be for IAC to lower some rents as the law of supply and demand creates issues with vacancies for them", and no fair taking out passages from your freshmen essay for econ 101.
 
<p>You can use a P.O. Box if you want. Check the DMV rules. Been in the same commercial building for many years. And all my mail goes to my Corporation Mailing. Its more secure and has not changed in over a decade. Totally legal. Only exception is my Passport. They just changed that law because of 9/11. And that you can pen in your yourself...... </p>

<p>Caraway. Prices are going down and the economy is soft. Its the perception that I am getting a bigger place for less. The cost of a couple bottles of wine and the day with friends and no moving truck sounds fine to me. Life is perception. Not lines on a balance sheet. </p>
 
Yeah, it's secure as long as your company doesn't lay you off, upgrade to a new building, or the building is redeveloped.



So now your argument is perception? Isn't that the argument that got us into this mess? That we stopped looking at the numbers and focused on getting bigger places for "less" (money down). I bet you lease that Mercedes c-class huh?



Again, no one is disputing a soft economy or that we are in a recession, these are facts. I'm disputing that you negotiated anything with IAC and clearly your wrong. And, i'm very sorry to say myself, your solution of moving to a new unit every year isn't viable to the vast majority of the population of renters.
 
<p>Caraway</p>

<p>I own the Company. CL500 and SL55. Debt Free. Yes older and moving is not an issue. I enjoy this forum beacuse of all the positive people who share good information here. This is not the forum for petty arguing . Thanks for all your kind and helpfull words.... </p>

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I was hoping you would say that you owned the company.



Here are some observations: Most successful businesses tend to out grow the facilities they had been in over ten years ago. Most successful business owners have purchased a home or two. Most successful business owners don't own two very expensive vehicles and not own a home (what makes this more amusing is that your single [i'm assuming you're single as you can move every year] and yet you've decided to purchase two cars still both of which cost about $300 for an oil change alone).



Seriously, by piecing together these little, personnal, tid bits about you, I think we would be all better off not taking your advice into consideration. Just admit that you were wrong, it'll make you feel better.
 
You can't really beat IAC at their game. What most people don't realize is that great deal you got today will only look that much worse next year when they jack your rent up to the market rate. The best place to start when researching apartments with IAC is the market rate as shown on their website. You can ask the leasing associate the market rate and they will probably tell you. In bltsrv's case, that larger apartment that you are paying less for will probably be raised beyond what your smaller apartment was by next year, so it is really a wash or you will end up paying even more, especially if you renew next year. There is no way to stay ahead by moving, especially to larger apartments.
 
bltserv, is that why jcaraway is, for lack of a better term, a big meanie? I do think he's a little cute though b/c he often clicks the "thanks" button on all the posts that call him out for his troll-like behavior. He may be a troll, but he's our troll. Sort of like the IHB's pet.
 
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<p>Hi gec518,</p>

<p>Is the amount on Craigslist considered "market rate", or will they claim it is a "special offer for 1st timers only". How do you figure the real market rate? </p>

<p>Thanks!</p>
 
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<p>Oh, sorry Gec518, I just saw that you said the website is the best way. Still, the website always conflicts with Craigslist. Ugh!</p>
 
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