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Rent Increases - Page 2

post #31 of 40
Wow, there are some great rent prices some of you are paying... & some insanely high.

We are paying $1800 a month for a 4 (technically 5) bedroom House.

This is the house we are renting, when I took photos before we moved in:
http://www.kodakgallery.com/I.jsp?c=...localeid=en_US

And just to sneak my kids into the picture Here are some with us living in the house & the kids living it up in their new large space
http://www.kodakgallery.com/I.jsp?c=...localeid=en_US
post #32 of 40
Ours has gone up $100 in 3 years when you take the discounts we now get into consideration and the fact that the city made our landlord reduce rent when he got a huge tax rebate that he had collected as part of our rent. We now pay $985 for a 2 bedroom apartment including heat, hydro etc - we just pay cable/phone/internet
post #33 of 40
Quote:
Originally Posted by Aileen06 View Post
My goodness you people are lucky. My 2 bedroom apt in NJ is 1385.00 a months and goes up about 40.00 a year. I have to get out of this state!!!
That's only a little more than ours will be in Philly this fall. We're not all lucky!
post #34 of 40
I feel for you! I am grateful to not be dealing with rents anymore, and that my husband bought his house about 15 years ago with a va loan...prices had gone nuts around here in recent years.

Though it needs work (always!), we have a large back yard, good sized front, and almost 1,500 square feet in the house. We are set up on the budget plan for our electric and water so that bill is always the same year round (love doing that).
post #35 of 40
I understand rent increases. Afterall, the cost of living goes up across the board - property owners included. What I don't understand though is the apartment complexes that hook you at a reasonable rate for the 1st year and then raise rent excessively at every lease renewal.
post #36 of 40
Quote:
Originally Posted by Lore View Post
Wow, there are some great rent prices some of you are paying... & some insanely high.

We are paying $1800 a month for a 4 (technically 5) bedroom House.

This is the house we are renting, when I took photos before we moved in:
http://www.kodakgallery.com/I.jsp?c=...localeid=en_US

And just to sneak my kids into the picture Here are some with us living in the house & the kids living it up in their new large space
http://www.kodakgallery.com/I.jsp?c=...localeid=en_US
your house is HUGE! very nice!
post #37 of 40
Quote:
Originally Posted by Rockcat View Post
I understand rent increases. Afterall, the cost of living goes up across the board - property owners included. What I don't understand though is the apartment complexes that hook you at a reasonable rate for the 1st year and then raise rent excessively at every lease renewal.
Because that how they make money. The keep your deposits and everything, tell you you did not clean it up well enough, and then they find someone to pay the amount of rent they want. Also when they tell you you get 1 month free rent, they are building it in the other 11 months of the year, so really nothing was free to you.
On the other hand, I charge a low 1st months rent but take a large deposit. We have been up grading our apt. when they empty, new tile floors in kit & bath, with laminate wood in the living room, carpeted bedrooms new cupboards w/ corian counter tops. dishwasher and new stove. So when you are going to put a 3 to 4 thousand in it. You want to cover the cost of the damages.
The newest tenant on move in day put a hole in the carpet in the master bedroom with the bed frame. Oh well, they are going to have to live with it, it's brand new. $600 for carpet is what it cost me.
K.
post #38 of 40
Quote:
Originally Posted by littleraven7726 View Post
We were thinking of buying, but every mortgage calculator was coming up with equal to our rent or more for a monthly payment. That's not including heat, power, insurance, taxes, etc. We also decided it was best to wait until I'm done with my associate's degree, in case I get a job that's a drive from here. Too bad...I was rather excited about a house.
There is a mortgage calculator in most spreadsheet programs, and lots of them online. I have a loan calculator I bought like 25 years ago when I was in real estate. I can come up with a payment for any time period, remaining balance, etc.

I've used it to "de-lie" a number of car salesmen over the years!
post #39 of 40
Thread Starter 
I have lived in my apartment since October 1996. In that time the only maintenance done inside my apartment has been the following:

1. Fix bathroom ceiling from leaking roof 5 years in a row. The irony of that is I live on the 7th floor and there is an apartment above me with the roof above them. That apartment was available when I was looking here, but I decided that roofs leak and that I would be better off taking the 7th floor and letting the 8th floor deal with any roof leaks. Unfortunately the drain from the roof empties above my bathroom, not above the bathroom above me, so they didn't have a leaking ceiling, I did. And they didn't fix the whole ceiling. They just repaired and painted where the leak was.

2. Fixed the bathroom ceiling 3 times due to the toilet in the apartment above me leaking due to a broken seal in the drain, which meant that their dirty toilet water was showering down to my ceiling.

3. Unplugged bathroom sink last year.

4. Unplugged kitchen sink ealier this year.

5. Fixed my oven door once.

6. Fixed 2 elements on my countertop range.

7. Tightened the knob on the pressure thing above my door so it didn't slam shut.

And that's it. My place as never been painted. There are huge bubbles of paint hanging from the top of the windows. The paint on the outside wall in my bedroom is all bubbled and if you touch it it all falls off. There is also a huge crack on the inside common wall in the bedroom. It's floor to ceiling. I have hardwood floors and after 12 years of walking on them, the varnish has worn off in places and the floors need to be refinished. Plus there are broken floor tiles in the bathroom that need to be replaced... infact the whole bathroom floor should be redone.

So far as maintenance in the common hallway on my floor. The only thing that has been done is that the carpet was professionally cleaned last year in July. That was the first time they have been cleaned since I moved in.

The exterior windows have never been washed. I used to pay some guy to come here and take out what windws he could and he would use a harness and a long pole with a squeegie and sit on the window ledge and wash the outside windows that way. It worked but I was freaked out that he might fall out of the window!!

The back parking lot had that black tar stuff put on it. But they didn't do a very good job because it all sunk. Now there are pot holes back there that would swallow up a semi truck!

There hasn't even been any landscaping done. The caretaker took it upon herself to plant some flowers and stuff, using their own money just so it looks nice.

They have fixed the roof so now my bathroom ceiling isn't leaking anymore.

But the majority of their upkeep goes to painting and redoing the floors of apartments before new people move in. Even if the floor doesn't need it, they refinish it anyway!!! So everyone who moves in gets a freshly painted walls and varnished floors.

When I asked, I was told it's not in the budget!!!

My rent goes up each year by 10 and 12 percent and it's not in the budget to paint my apartment and refinish my floors!

I did resign my lease because I can't afford to move right now. Moving takes money which I don't have. But I'm hoping that this is the last lease that I sign here.

When I moved in the building was nice. It was well kept and there were good tenants. But they have raised the prices so much and now rent to anyone, and quite often it's parents who have applied and gotten the apartment for their kids and it's the kids living in the place instead of the people who applied for the apartment and had been approved.
post #40 of 40
I can say that in my last apt,(Wisconsin) the rent was never raised for the 7 years i lived there.( They did keep all my secuity deposit thou) Now I am In Salem Ma. And they raise the rent every 2 mins or so.

I am embaressed to say I pay $1635 for a simple 2 bed apt. Thats what it is in the Big city area.
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