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

NEW -> Contingent Buyer Assistance Program
Thanks for reiterating my comments gec.



blt, right, i myself am wealthy because i new what lotto numbers were coming up. Than i knew when to time the housing bubble and doubled my winnings.



Equity burn? Smell? I think you mistake that with the money in your pocket.



Bro, your story isn't adding up. You own your own business, own two $100K+ mercedes, but rent a $1500 iac apartment? Than you take the trouble to move out all your stuff just to save $200 bucks a month. in addition, you justify your decision because you also get an apartment that's just 60 square feet bigger yet you were willing to accept a down graded lifestyle by selling the home you owned and than settled for living in an IAC apartment?



Being a troll is one thing, but not even being able to lie about your social status on an internet discussion board? What does that make you?
 
<p>My wife and I have rented IAC for almost 4 years and aside from the higher rent, I cannot complain. The staff have always been polite and the grounds are very well-kept. They do enforce rules but are not too draconian. Service calls are prompt and the service people are polite. We also have access to a pool, a gym, and a business center with free internet and printer. We also have a washer and dryer in our townhouse, which makes life incredibly easier. </p>

<p>I do not feel more important or self-absorbed than any other renter. I just like having a nice place to live. </p>
 
<p>4walls,</p>

<p>I'm pretty sure the market rate is the rate shown on rental-living.com. We didn't have those posted when I was there but I've been keeping track of mine and it has been accurate. If you talk to a leasing consultant they will also tell you. I believe the craigslist prices are just the deals. Of note on the market rates, mine is now down to about what it was when I renewed last summer. after it had gone up about $100. We are just coming out of the slow time for rentals though and I expect it to go back up by summer, regardless of the economy. </p>
 
<p>Seems like Craigslist is the hot spot for IAC. Prices are just below the <a href="http://www.rental-living.com">www.rental-living.com</a> numbers.</p>

<p>4 Walls. Caraway as far as a Troll is concerned is not that bad. Going to guess a Late 30`s out of work RE guy. Failed marriage and behind on the Child Support. But he does know the local market well. What he does not know is you dont need to grow a business beyond your ability to enjoy it. Bigger is not better when it comes to owning a company. But saving a little off the IAC is priceless. </p>

<p> </p>
 
blt, i'm losing my hair too and i've got an oversupply of viagra that i haven't even touched in 2 years, this doesn't change the fact that you have no idea what you are talking about when it comes to RE issues except for whats posted on redfin and rental-living.com.



"What he does not know is you dont need to grow a business beyond your ability to enjoy it." - you must have a very small flower arangement business
 
<p>Gec518,</p>

<p>What about this problem. I walk in and say the website says my floorplan is $xxx and they say "ohhhh, well, while they are the same floorplan, your unit is better because blah blah blah and thus your market rate is much higher"</p>

<p>How do you figure out the truth?</p>

<p>Thank you :-)</p>

<p> </p>
 
4walls, while i know you are ignoring me, you solve the problem (if it is even a problem) by visiting the unit in question. Just because they have the same sq ft doesn't make the unit equal. No two units are the same, this is common sense.



IAC and any apt co charges unit premium locations typically bumping up prices for corner units, top floor,access, pool view, and courtyard view. You can't negotiate these prices down as they are set by the higher ups in mgmt, indiv units may be reduced based upon the feedback from leasing agents but there is a lag time.
 
<p>Caraway </p>

<p>FYI. Computer gear for the motion picture business. Niche Business. Just a few employees. </p>

<p>So am I right ? Bitter RE guy who has hit tougher times ? I am going to guess Mortgage Broker ? Made a ton of cash in the day and now its just one lifestyle change after another ? Once you get used to having wealth its difficult to scale back. Once upon a time you had several properties ? Maybe even some flips ? But the whole business model for RE is broken. And until prices come back in line with earnings. I will sit on my nest egg and enjoy my simple IAC apartment. Travel and play with my cars. Living Debt Free is so relaxing. Let housing go down another 50%. I have no skin in the game any longer. </p>
 
blt, yeah ya got me, i read "rich dad poor dad" two years ago and went to a learning center convention where i picked up donald trumps get rich now package for $1K. Also, i'm a former mortgage broker, i made a seven fig salary but i wasted it on fabrege eggs in which i stored my blow. Tell me how I can change my life to be as great as yours! I want to be in IT, with two mercedes and living in a one bed + den IAC apt, alone. Give me your secrets!



Nice, i like your strategy, personal attacks do distract from the discussion at hand, which was actually getting pretty good. Don't try to read me bro and for your sake, stop providing personal information on this discussion board (although i doubt any of it's true).



It still stands, that you can't, as you have proven through your own experience, that you can't negotiate the terms of a lease renewal with IAC.
 
Checking out the other unit doesn't help. All I want to know is the real market value of my apartment. If the number on the website doesn't apply to my unit, how do I know the actual number?
 
I believe IAC uses a program that updates unoccupied unit prices daily and assigns an exact value (within parameters) for each unit. I don't believe it will assign a value for an occupied unit (as values are calculated based off supply) and if it could, i doubt the leasing agent would provide. So, in short, you can't determine the actual number. Best you can do is try to find an unoccupied unit that's in a similar location, get a quote for that and you'll probably get something close to your market value, which will change the next day.
 
<p>4walls,</p>

<p> </p>

<p>They will tell you, just ask, "What is the market rate for this unit?" You can look on the rental-living website under availability and it will give you what I believe is the market rate, I'm not 100% sure on that though. If you look under specials it will show you if there is a reduced rate on that unit. Of course, they may be running some other special that day so check with the leasing office as well, and craigslist of course. </p>
 
<p>4walls, </p>

<p> </p>

<p>Sorry I thought you meant on a new unit. Your unit will have a market rate that fluctuates with all the others. Check the website to see where the rates are at any given time and factor in any premiums you are paying on your unit. If you don't know what premiums you are paying, ask and they just might tell you. </p>
 
Thank you :-)



I'm not trying to negotiate some great deal. I just want what I'm supposed to get. Market value minus the long term renter %. That's all.



If the leasing agent is honest about the market value, then there's no problem. I don't completely trust them after some of the crap they've pulled on other tenets. But Gec518 is making it sound like they don't pull numbers out of thin air. If the number they tell me is real, I'm cool.
 
It can get a little confusing as they change the market rates quite often, as well as run specials when they need. They will base their rents on whatever the current market rent is, which they may have pulled out of the air, I mean, it is IAC after all.
 
....yeah, you're so welcome. Thank you for the passive aggressiveness. How is Gec reassuring you? He's telling you to check the website and ask the agents, which are all TIC controlled.



IAC is the market, and I don't understand why you think they are pulling crap on other tenents. If you come in they tell you the number and you can take a look at other communities if you like but you take it or leave it. It's not like buying a car. If a tenant is paying more for a unit, it's not because that tenant is black or mexican, it's cause they rented at a time when demand was percieved as high and supply low.



As Gec and I have mentioned previously, you need to be aware about discounting on your first year lease because your second year lease will be increased to market value plus inflation adjustment based upon market. There's nothing you can do about it accept walk away, and it's not like it's a bad deal if you can afford market and you like the community.
 
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