Should I relocate to another IAC complex??

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wendyinoc_IHB

wendyinoc_IHB

New member
I am trying to help my sister. She is currently in a junior 1 bedroom and pays $1395.00 a month. Her lease is up in June and she can't decide if she should use the $1.00 upgrade progam and move in a month. She has found Quail Meadow offering a regular 1 bedroom for $1460.00. She was told by her complex that if she goes in really cheap when she renews she will get a huge increase. Versus if she stays where she is at after being there 2 years she will not have much of an increase. She thinks when her lease renews in June the rents will be higher beacuse of summer. What do you guys think? Do you think the rent wil be cheaper in June or are the deals now? Also anyone know is Quail Meadow a nice complex to live at? Any advice would be appreciated. Thanks!
 
The Irvine Company tends to grind on rents, and they really do not care if you move out or not -- someone will be there to take your place. Although, they have been experiencing more vacancy of late, and that may slow the rate of rental increase. IMO, her best bet is to go private when her lease is up unless she uses all the amenities of the IAC complex.
 
I am in Woodbury and there are a lot more parking spaces as of late. Just checked out the site, and there are a lot more units available now than in the last 4 to 6 months.
 
I agree with IR, take a look at Craigslist, the Register classifieds, and whatever local papers are available for the neighborhood you desire and go private. You won't have the amenities, but you can find some nice apartments for significantly less. I have a good friend who is renting a smaller, over-the-garage unit in CdM for $1100, for example. There were quite a few For Rent signs up as I was driving around Eastside Costa Mesa today.
 
IR is right, IAC do seem to stick to their Guns as far as Rents and Rent increases are concerned....



I can only talk about my own experience when our renewal was due this month and our rent was increased...

I received the notice and went into the Office, the Girls in there are really nice, very friendly but when I tried to negotiate a smaller increase on the grounds that we are perfect Tennants, we pay the rent a week before the end of the month I think all they heard was "blah blah blah blah" and then replied with a "well, let us know what you decide to do, you have untill 30 Days before your new lease kicks in to decide" > nice smile<

In the meanwhile, in our little corner of around +/- 20 Units there are three 2 or 3 Bed Townhouse sitting empty, one has been empty since last Oct, our next door neighbors moved out of theirs before Christmas and the one opposite us has been empty since the first week in January...



But to answer your question wendy, when we were shopping at IAC we asked if they had an "specials" this was in Oct/Nov 2006...and they replied that not only do they not, we would have to put down a deposit and reserve on two months ahead and they also said that previous residents who had a lower rate move-in special would experience hefty increases to bring them up to "Market Rate" on their first renewal...



I realize times have changed since then, I started a discussion about "Private rentals Vs IAC" a while back and I don't think any final conclusions were arrived at...there are many Pro's and Con's attached to both...but you may want to do a search on IHB for this thread...



My 1.8 mile commute along with my wife's 2.2 miler alone made it worthwhile for us to stay not to mention an easy $1,000 or more cost to move + 1st and Last, deposit, hassle etc etc...
 
<p>The $1395 / 1br - Wonderful Woodbridge Location location seems to have dropped rent to $1300 now (check the website).</p>
 
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