Comments on: How to avoid a landlord concession hangover http://theapplepeeled.com/renters/how-to-avoid-a-landlord-concession-hangover/?utm_source=subscriber&utm_medium=rss&utm_campaign=rss Manhattan Real Estate from the Inside Out Thu, 02 Feb 2012 18:39:02 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Honeycrisp http://theapplepeeled.com/renters/how-to-avoid-a-landlord-concession-hangover/comment-page-1/#comment-147 Honeycrisp Mon, 22 Mar 2010 19:56:50 +0000 http://theapplepeeled.com/?p=941#comment-147 http://ny.curbed.com/archives/2010/03/22/what_renters_market_truffles_tribeca_breaks_the_piggy_bank.php#more Here's a great find by Curbed highlighting precisely this kind of situation. The market testing may or may not last, but going in with your eyes wide open can only empower you. http://ny.curbed.com/archives/2010/03/22/what_renters_market_truffles_tribeca_breaks_the_piggy_bank.php#more

Here’s a great find by Curbed highlighting precisely this kind of situation. The market testing may or may not last, but going in with your eyes wide open can only empower you.

]]> By: Honeycrisp http://theapplepeeled.com/renters/how-to-avoid-a-landlord-concession-hangover/comment-page-1/#comment-131 Honeycrisp Thu, 18 Mar 2010 18:48:59 +0000 http://theapplepeeled.com/?p=941#comment-131 Actually, I couldn't agree with you more - the market DOES set the rent ... so I'm trying to figure out which part you believe is BS - that you should try to make sure you can afford to live in the place even without concessions? It only seems prudent, really. I'm not saying the prices automatically will go up (because the market dictates that, as you say) rather to understand the possiblity of the market shifting over the course of 1-2 years and making sure you account for that and won't be forced to move. By all means, take advantage of the concessions --- just cover your tush. Actually, I couldn’t agree with you more – the market DOES set the rent … so I’m trying to figure out which part you believe is BS – that you should try to make sure you can afford to live in the place even without concessions?

It only seems prudent, really. I’m not saying the prices automatically will go up (because the market dictates that, as you say) rather to understand the possiblity of the market shifting over the course of 1-2 years and making sure you account for that and won’t be forced to move. By all means, take advantage of the concessions — just cover your tush.

]]> By: Anonymous http://theapplepeeled.com/renters/how-to-avoid-a-landlord-concession-hangover/comment-page-1/#comment-129 Anonymous Thu, 18 Mar 2010 18:35:35 +0000 http://theapplepeeled.com/?p=941#comment-129 I call B.S. on this. The fact is that landlords have every incentive in the world to keep good existing tenants, even if it means lowering the rent or throwing in more free rent when the lease is up for renewal. Because chances are the landlord will have to offer these concessions to get the place rented by someone else in addition to paying for painting and realtor/listing fees. Landlords don't set the rent, the market does! I call B.S. on this. The fact is that landlords have every incentive in the world to keep good existing tenants, even if it means lowering the rent or throwing in more free rent when the lease is up for renewal. Because chances are the landlord will have to offer these concessions to get the place rented by someone else in addition to paying for painting and realtor/listing fees. Landlords don’t set the rent, the market does!

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