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If you rent from an apartment complex (corporate owned), how big is the risk of being kicked out if you pay your rent?
by kylehotchkiss 5mo ago
If you rent from an apartment complex (corporate owned), how big is the risk of being kicked out if you pay your rent?
- wl 5mo agoIf you stay long enough, you might be forced to move to another unit for a renovation.
- leflambeur 5mo agothe property can always be sold to a new owner that has a different use in mind. Another drawback, you're likely to have less negotiating power with a corporate-owned rental.
- SoftTalker 5mo agoThere's not much else a new owner is going to do with an apartment complex other than continue to rent out the units, other than possibly tear it down and rebuild if it's very old. You lease remains in force even with a change in ownership. So in most cases there will be no immediate impact to tenants.
- whywhywhywhy 5mo agoThey tend to just keep increasing it until you leave then just dial it back a little and get someone else in. Far worse than individual landlord that if you're a good easy tenant is gonna prefer you to an unknown, corporate don't care about that.
- cosmic_cheese 5mo agoYep. This was exactly my experience. You have to leave eventually just to keep monthly rent under control.
- I_dream_of_Geni 5mo agoSounds exactly like car insurance. If you don't "move around", they keep pricing it higher every year until you wake up...
- deleted 5mo ago[deleted]