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Raising Rent (Tenant)

Started by SL2700
about 14 years ago
Posts: 1
Member since: Mar 2012
Discussion about
I live in the Murray Hill/Kips bay area and my rent recently increased 13%, what are some ways i can negotiate with the mgmt company to obtain a decrease?
Response by drdrd
about 14 years ago
Posts: 1905
Member since: Apr 2007

Research what rents in your vicinity currently are & then present these findings to your LL if you find that a 13% increase is too much. Good luck & let us know how it goes.

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Response by NYCMatt
about 14 years ago
Posts: 7523
Member since: May 2009

Skip the research -- it's a waste of time.

Landlords aren't stupid -- they know what other rentals are going for. The fact of the matter is, they want more money from you. You don't want to pay more money. You are free to make a counter-offer, but unless you're ready to pay the full 13% increase, I suggest you start looking for a new place. With rental vacancies below 1% in this city, the market is in their favor right now.

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Response by REMom
about 14 years ago
Posts: 307
Member since: Apr 2009

You can always counteroffer. The worst that happens is they say no. Then you decide whether to stay or not.

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Response by marco_m
about 14 years ago
Posts: 2481
Member since: Dec 2008

these seem to be the new popular thread

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Response by Bond007
about 14 years ago
Posts: 3
Member since: Jan 2012

were you paying below market before the increase?

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Response by jim_hones10
about 14 years ago
Posts: 3413
Member since: Jan 2010

where is inonada? he needs to teach this guy about the shitlist. interestingly, murray hill is a soft spot in the market. i'd counter hard.

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Response by E24
about 14 years ago
Posts: 46
Member since: Oct 2011

What are some ways?? Easy, pick up the phone and counteroffer.

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Response by huntersburg
about 14 years ago
Posts: 11329
Member since: Nov 2010

Columbiacounty uses a manure list.

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Response by Brooks2
about 14 years ago
Posts: 2970
Member since: Aug 2011

Try this place, this guy can't rent his apartment. He's dropping the rent

http://streeteasy.com/nyc/talk/discussion/30231-rental-at-460-east-79th-street

Previously Listed by Corcoran at $3,500.
03/02/2010
Corcoran Listing is no longer available. Last priced at $3,150.
10/20/2011
Listed by Corcoran at $3,950.
11/09/2011
Price decreased by 6% to $3,695.
12/01/2011
Price decreased by 3% to $3,595.
01/14/2012
Price decreased by 4% to $3,450.
02/13/2012
Price decreased by 6% to $3,250.

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Response by huntersburg
about 14 years ago
Posts: 11329
Member since: Nov 2010

great idea.
Can't rent in the east 30s that are possibly convenient to where you work?, ... move to 79th and York, a 20 minute walk to the subway.

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Response by 300_mercer
about 14 years ago
Posts: 10678
Member since: Feb 2007

sl2700, this is the problem with renting. If you are willing to move, you can find better rent but most people do not like to move.

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Response by huntersburg
about 14 years ago
Posts: 11329
Member since: Nov 2010

300, if you don't move, then you don't have an opportunity to create a "shitlist"

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Response by inonada
about 14 years ago
Posts: 8039
Member since: Oct 2008

As with any negotiation, rent or buy or anything for that matter, your best bet is to go into it with alternative options. Is there some place you'd rather move to at that same price?

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Response by 300_mercer
about 14 years ago
Posts: 10678
Member since: Feb 2007

sl2700, one thing you can check by giving $20 to a friendly doorman is the number of apartments vacant in the building. If the vacancies are very few, the management company has no incentive to negotiate with you. I am assuming you live in a large building with some company owning all apartments.

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Response by NYCMatt
about 14 years ago
Posts: 7523
Member since: May 2009

Or you could slip $20 to the doorman, only to have him say, "Thanks, but how the fukk am I supposed to know which apartments are vacant? Call the management company."

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Response by huntersburg
about 14 years ago
Posts: 11329
Member since: Nov 2010

Wow, doormen in your buildings must be jerks.

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Response by jim_hones10
about 14 years ago
Posts: 3413
Member since: Jan 2010

NYCMatt
26 minutes ago
ignore this person
report abuse Or you could slip $20 to the doorman, only to have him say, "Thanks, but how the fukk am I supposed to know which apartments are vacant? Call the management company."

The doormen know.

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Response by columbiacounty
about 14 years ago
Posts: 12708
Member since: Jan 2009

why

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Response by huntersburg
about 14 years ago
Posts: 11329
Member since: Nov 2010

Well, a doorman has responsibilities for building access, and it so would be hard for a doorman not to know.

Do they have doormen in Columbia County?

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Response by columbiacounty
about 14 years ago
Posts: 12708
Member since: Jan 2009

why

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Response by Consigliere
about 14 years ago
Posts: 390
Member since: Jul 2011

I have been in this situation before and yes they can raise your rent X% legally in a regular lease.

Try to offer a 5% increase. Remember to find the price your willing to settle at and calculate the cost of the move and the time and effort involved.

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