3 ms·
> I attempted to bargain them down to a lower increase, but the leasing office never even got back to me. Do you live in a large complex owned by a big company
by superfrank 5y ago
> I attempted to bargain them down to a lower increase, but the leasing office never even got back to me.
Do you live in a large complex owned by a big company? In my experience large companies don't even attempt to negotiate.
I've tried in the past at two different complex and never got a response until I walked my ass to the front desk and then was told "we don't do that". My buddy tried that same thing at his complex right at the height of covid when everyone was moving out of the city and still got no response. Two months later they sent him an email asking why he left and what they could do to get him back. I think big companies send any attempts at negotiation straight to the trash.
- LUmBULtERA 5y agoYup. I actually was successful in negotiating lower rent increases for many years in the same building. About 3 years ago they stopped budging.
- lapsedacademic 5y agoBecause they're making money off of the property, not the service. Accepting lower rents impacts valuations.
- ffwacom 5y agoThis is incredibly enlightening for me.
- lapsedacademic 5y agoStuff you learn when you start interacting with the petite investment property class... Contact your city councilperson and state rep/senator. Public policy doesn't need to punish this sort of behavior, but we should at least stop rewarding property owners who do this sort of thing.
- Grakel 5y agoYep whether it's empty or full a high rent building sells for more.