Community Chat

[LilacTree]

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@SilleeMee wrote:

The average one-bedroom apartment in my city costs around $1200 / mo. for rent alone. Then add the cost of the utilities. A three-bedroom house here rents for about $2000 on average. 

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@SilleeMee

That's not bad at all.

[LilacTree]

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@Moonchilde wrote:

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@LilacTree wrote:

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@ccassaday wrote:

That is a lot of money to be paying for rent. If you already are paying $1814 is $53 dollars really a make it or break it.

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@ccassaday

Not this increase, but I assume it's going to be as much or more next year, so I'm in the process of getting on some gov-assisted lists.  So far the closest time frame is one to two year wait.

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The wait lists in SoCal are 2+ years. There are people who sign up 2 years before they plan to retire.

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@Moonchilde

Yes, here too.  The lists are long. 

I had it made where I was (financially), but my daughter found herself in dire straits and I couldn't watch that.  So here I am, where I usually wind up, LOL!! 

[libbyannE]

We own a small rental house in the ' burbs and have kept the rent the same for the current tenant for about 8 years, even though we definitely could charge more. Why? She pays on time! And she's a divorced single mom. Why rock the boat? A good tenant deserves such consideration. We all win.

[Moonchilde]

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@LilacTree wrote:

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@Moonchilde wrote:

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@LilacTree wrote:

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@ccassaday wrote:

That is a lot of money to be paying for rent. If you already are paying $1814 is $53 dollars really a make it or break it.

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@ccassaday

Not this increase, but I assume it's going to be as much or more next year, so I'm in the process of getting on some gov-assisted lists.  So far the closest time frame is one to two year wait.

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The wait lists in SoCal are 2+ years. There are people who sign up 2 years before they plan to retire.

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@Moonchilde

Yes, here too.  The lists are long. 

I had it made where I was (financially), but my daughter found herself in dire straits and I couldn't watch that.  So here I am, where I usually wind up, LOL!! 

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Perhaps if your daughter ever gets disability, your previous place would accept her along with you; that would seem logical - but when is bureaucracy ever logical?

[Leelee1123]

My son pays 925.00 per month for a studio in a suberb of NYC.  His rent hasnt increased in 3 years.   He's a model tenant and always pays on time.  Thats important to landlords!

[LilacTree]

I've been working the phones for a few hours now, and will keep doing so.  I'm over the shock, and we'll be okay for 2017, so I'll keep putting my name on lists and hopefully, something nice will pop up before this one gets outta sight.

Oh, and my daughter can't live with me in my old place, she's got nine years to qualify and I'll probably not be around by then.  If she's still sick, her sisters will step up.

Government assistance will probably no longer be available anyway by then (or maybe even sooner, like next year).

Thanks everyone.

[Moonchilde]

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@libbyannE wrote:

We own a small rental house in the ' burbs and have kept the rent the same for the current tenant for about 8 years, even though we definitely could charge more. Why? She pays on time! And she's a divorced single mom. Why rock the boat? A good tenant deserves such consideration. We all win.

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Landlords of individual properties are a whole nother thing than landlords who own multiple units and make their own living off those units while dealing with city and county codes and regulations, plus turnovers and upkeep.

[Kindaglitzy]

Some apt complexes in my neck of the woods also require a $100,000 liability insurance policy. If the renter has their own policy they must show proof otherwise that's another $100 a month added on to monthly rent to cover a policy. Things have changed since my days of renting.

[LilacTree]

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@Leelee1123 wrote:

My son pays 925.00 per month for a studio in a suberb of NYC.  His rent hasnt increased in 3 years.   He's a model tenant and always pays on time.  Thats important to landlords!

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@Leelee1123

That's the very reason I got this place.  My credit report showed 100% on time payments on all of my bills.  They didn't give a hoot about the FICO score (which is good also) it was the timely payments that counted. 

And I pay two weeks in advance here also, because that's when my income comes in.  Never a late payment.  One would think they would give you some credit for that, but they don't.  You are better off with a single owner for that reason, they appreciate a good tenant.  Corporations couldn't care less.

[Spurt]

This is the reason I decided to buy a condo....a lot of my friends and co-workers rent and their rent keeps going up.....in our part of the U.S. they say it's a Landlords market and with it getting harder to obtain mortgages the landlords can basically charge what they want and sadly get away with it (unless there is some kind of rent control in force)......What's funny too, as the rent goes up in apartments, in the newer ones the square footage decreases as does storage but they charge a lot more.....or if you want storage, some will offer additional on site small storage units at an additional cost of course (another $45 to $50 a month)......It's really become a racket and a big money maker for llandlords ....