Remarkableriots Posted August 2, 2021 Share Posted August 2, 2021 My current studio rent is $1,044 monthly and I have to renew soon. The rates I can renew at are 8 months- $1,094 9 months- $1,100 10 months- $1,110 monthly- $1,170 I'm used to rent usually getting cheaper the longer you stay instead of more expensive. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted August 2, 2021 Share Posted August 2, 2021 That's very odd - in fact, I've never seen that before. You should contact the leasing office to make sure that there isn't a mistake. And if it's NOT a mistake, ask them if they've taken leave of their senses. Quote Link to comment Share on other sites More sharing options...
Dodger Posted August 2, 2021 Share Posted August 2, 2021 It was kind of like that when I moved to AZ. For some odd reason it was cheaper to get an 11 month lease than a year long one and they wouldn't budge on giving me the 11 month rate for a year. I'm assuming with the market the way it is, they want your lease to end sooner so they can raise your rent again faster. But yeah when I first moved here you had all kinds of lease options with typically high rent for the shorter ones. You could easily get monthly or 3 or 6 month leases. It's not a mistake they want to jack your rent up faster. Since it's a pretty small difference I'd just take the longest one if you don't plan on moving anytime soon. Quote Link to comment Share on other sites More sharing options...
TwinIon Posted August 2, 2021 Share Posted August 2, 2021 1 hour ago, Dodger said: It was kind of like that when I moved to AZ. For some odd reason it was cheaper to get an 11 month lease than a year long one and they wouldn't budge on giving me the 11 month rate for a year. I'm assuming with the market the way it is, they want your lease to end sooner so they can raise your rent again faster. But yeah when I first moved here you had all kinds of lease options with typically high rent for the shorter ones. You could easily get monthly or 3 or 6 month leases. It's not a mistake they want to jack your rent up faster. Since it's a pretty small difference I'd just take the longest one if you don't plan on moving anytime soon. I'm guessing this is correct. I'd never seen something like this, but I suppose this is what happens in a super hot rental market. Quote Link to comment Share on other sites More sharing options...
best3444 Posted August 2, 2021 Share Posted August 2, 2021 Never seen it like that. I think you're lying. 1 Quote Link to comment Share on other sites More sharing options...
Remarkableriots Posted August 2, 2021 Author Share Posted August 2, 2021 5 hours ago, Commissar SFLUFAN said: That's very odd - in fact, I've never seen that before. You should contact the leasing office to make sure that there isn't a mistake. And if it's NOT a mistake, ask them if they've taken leave of their senses. It isn't a mistake because this is the second time i had to renew since i moved here. I also thought it was weird that they don't have a year renewal and my last apartment had 13 month as an option. My rent was $994 when i first moved here. Quote Link to comment Share on other sites More sharing options...
Jason Posted August 2, 2021 Share Posted August 2, 2021 I've seen big jumps for like months 13 and 14 if you're trying to stay past the 12 month term but that's because you're paying a premium for going month to month without signing a new lease obligating you for a whole second year. I agree with Dodger though that this is probably about doing a bigger hike with the theoretical next tenant than they're doing with you for staying longer. Quote Link to comment Share on other sites More sharing options...
Jason Posted August 2, 2021 Share Posted August 2, 2021 I've also never seen short leases like that but aren't you in Reno? I guess that's a place where there's a lot of people who might be moving through for shorter amounts of time? Quote Link to comment Share on other sites More sharing options...
Biggie Posted August 2, 2021 Share Posted August 2, 2021 8 hours ago, Remarkableriots said: My current studio rent is $1,044 monthly and I have to renew soon. The rates I can renew at are 8 months- $1,094 9 months- $1,100 10 months- $1,110 monthly- $1,170 I'm used to rent usually getting cheaper the longer you stay instead of more expensive. I mean it’s like $10 and $6 difference between 8 9 and 10 months. Who gives a shit. Quote Link to comment Share on other sites More sharing options...
Remarkableriots Posted August 2, 2021 Author Share Posted August 2, 2021 1 hour ago, Jason said: I've also never seen short leases like that but aren't you in Reno? I guess that's a place where there's a lot of people who might be moving through for shorter amounts of time? Yup in Reno. Quote Link to comment Share on other sites More sharing options...
Keyser_Soze Posted August 3, 2021 Share Posted August 3, 2021 4 hours ago, Biggie said: I mean it’s like $10 and $6 difference between 8 9 and 10 months. Who gives a shit. Someone like him who can barely afford rent most of the time a $10 difference is pretty big. Quote Link to comment Share on other sites More sharing options...
Biggie Posted August 3, 2021 Share Posted August 3, 2021 5 hours ago, Keyser_Soze said: Someone like him who can barely afford rent most of the time a $10 difference is pretty big. If $6 or $10 extra per month will break you then you got serious problems 1 Quote Link to comment Share on other sites More sharing options...
best3444 Posted August 3, 2021 Share Posted August 3, 2021 1 hour ago, Biggie said: If $6 or $10 extra per month will break you then you got serious problems Seriously 😆 Quote Link to comment Share on other sites More sharing options...
Keyser_Soze Posted August 3, 2021 Share Posted August 3, 2021 1 hour ago, Biggie said: If $6 or $10 extra per month will break you then you got serious problems Unfortunately that's how it is for some people. Quote Link to comment Share on other sites More sharing options...
Remarkableriots Posted August 3, 2021 Author Share Posted August 3, 2021 $1,044 rent increased to $1,110 is just a $6-10 increase? I was paying $994 at the beginning of this year so a $116 increase in rent no big deal. Quote Link to comment Share on other sites More sharing options...
Biggie Posted August 3, 2021 Share Posted August 3, 2021 44 minutes ago, Remarkableriots said: $1,044 rent increased to $1,110 is just a $6-10 increase? I was paying $994 at the beginning of this year so a $116 increase in rent no big deal. Pro Tip: acquire a life skill that will allow you to earn more compensation that will provide you with a easier life. Quote Link to comment Share on other sites More sharing options...
Keyser_Soze Posted August 3, 2021 Share Posted August 3, 2021 22 minutes ago, Biggie said: Pro Tip: acquire a life skill that will allow you to earn more compensation that will provide you with a easier life. Not everyone has the luxury of living at their parent's house until they are 50. 1 Quote Link to comment Share on other sites More sharing options...
Jason Posted August 3, 2021 Share Posted August 3, 2021 32 minutes ago, Keyser_Soze said: Not everyone has the luxury of living at their parent's house until they are 50. Quote Link to comment Share on other sites More sharing options...
Bloodporne Posted August 3, 2021 Share Posted August 3, 2021 Month-to-month makes sense, the rest, I have no idea? Maybe they want tenants out faster so they can raise the rent significantly on the next person. Quote Link to comment Share on other sites More sharing options...
Biggie Posted August 3, 2021 Share Posted August 3, 2021 1 hour ago, Keyser_Soze said: Not everyone has the luxury of living at their parent's house until they are 50. Have they ever tried? It’s a great savings plan. Maybe try moving in with your Dad. Quote Link to comment Share on other sites More sharing options...
heydude93 Posted August 4, 2021 Share Posted August 4, 2021 One of several reasons why i've used bnbs for long-term leases before. Cheaper cost for better real estate (cheaper overall, really), and if a landlord, host or tenets/guests try any fuckery, there tends to be more accountability. Not to minimize some of the the unethical things associated w/ AirBnb - it can be problematic in many ways - but there are also sound reasons why it's used (and why so many listings tend to be stays/housing instead of travel destinations). Quote Link to comment Share on other sites More sharing options...
Guest Posted August 4, 2021 Share Posted August 4, 2021 It actually makes sense. The longer you stay the more the landlords expenses increase over time. In commercial leases you typically have rates go up each additional year of occupancy to account for rising property taxes, insurance expenses, maintenance on common areas, etc. Quote Link to comment Share on other sites More sharing options...
best3444 Posted August 7, 2021 Share Posted August 7, 2021 My rent just went up $64 this last pay statement. That number is higher than any other apartment complex I've been in. Quote Link to comment Share on other sites More sharing options...
Dodger Posted August 7, 2021 Share Posted August 7, 2021 On 8/4/2021 at 11:37 AM, sblfilms said: It actually makes sense. The longer you stay the more the landlords expenses increase over time. In commercial leases you typically have rates go up each additional year of occupancy to account for rising property taxes, insurance expenses, maintenance on common areas, etc. That makes a lot of sense for multi year leases, but the costs from a 8 month to 12 month lease from the landlord should be minimal. Plus people have to live somewhere. Quote Link to comment Share on other sites More sharing options...
Guest Posted August 7, 2021 Share Posted August 7, 2021 59 minutes ago, Dodger said: That makes a lot of sense for multi year leases, but the costs from a 8 month to 12 month lease from the landlord should be minimal. Plus people have to live somewhere. The increases are also minimal Quote Link to comment Share on other sites More sharing options...
Chris- Posted August 7, 2021 Share Posted August 7, 2021 2 minutes ago, sblfilms said: The increases are also minimal I mean at a minimum OP's rent is going up 5%, and I guarantee he isn't getting a 5% COL adjustment. Not insignificant if you live paycheck to paycheck! Quote Link to comment Share on other sites More sharing options...
Biggie Posted August 7, 2021 Share Posted August 7, 2021 1 hour ago, Chris- said: I mean at a minimum OP's rent is going up 5%, and I guarantee he isn't getting a 5% COL adjustment. Not insignificant if you live paycheck to paycheck! why would he? Is it his employers fault his rent is going up? Quote Link to comment Share on other sites More sharing options...
Chris- Posted August 7, 2021 Share Posted August 7, 2021 5 minutes ago, Biggie said: why would he? Is it his employers fault his rent is going up? This such a laughably dumb statement it honestly doesn’t deserve a true response. Quote Link to comment Share on other sites More sharing options...
Biggie Posted August 7, 2021 Share Posted August 7, 2021 3 minutes ago, Chris- said: This such a laughably dumb statement it honestly doesn’t deserve a true response. Then why did you respond? Quote Link to comment Share on other sites More sharing options...
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