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NYC Rent INCREASE of $250!! Negotiate down? Advice?
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Date: September 8th, 2010 11:03 AM Author: smoky heaven legend A roommate and I have a 2 bedroom in Manhattan. Our year lease is up and we just received a letter saying that the rent for our place would increase $250 per month! Up about 11%.
Any advice on negotiating this increase down. Have any of you been through this before? We can pay it, but don’t really want to. It is getting to the point where it would be cheaper to get a studio for myself.
Edit: Also, there is a SHOWER IN OUR F-ING KITCHEN. Like the shower curtain is actually hanging into the kitchen. |
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Date: September 8th, 2010 11:43 AM Author: awkward abode hairy legs "there is a SHOWER IN OUR F-ING KITCHEN."
NYC is such a shithole. |
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Date: September 8th, 2010 11:46 AM Author: smoky heaven legend I LOL'd (http://www.autoadmit.com/thread.php?thread_id=1417692&forum_id=2#15994396) |
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Date: September 8th, 2010 12:59 PM Author: orchid selfie gay wizard "there is a SHOWER IN OUR F-ING KITCHEN"
ROFL. i hope that you're out there every day enjoying all of the amenities in nyc that you just can't get anywhere else. |
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Date: September 8th, 2010 1:16 PM Author: smoky heaven legend Not everyday, but yes, often. (http://www.autoadmit.com/thread.php?thread_id=1417692&forum_id=2#15994822) |
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Date: September 10th, 2010 9:42 AM Author: Rambunctious Pit Dopamine You must really like the statue of liberty... (http://www.autoadmit.com/thread.php?thread_id=1417692&forum_id=2#16009730) |
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Date: September 10th, 2010 10:44 AM Author: Titillating olive den black woman for $2400 a month you expect it to be in the bathroom? Come on (http://www.autoadmit.com/thread.php?thread_id=1417692&forum_id=2#16009885) |
Date: September 8th, 2010 11:11 AM Author: umber site i've never had to do deal with a rent increase, but here are my thoughts:
when does your lease officially end? is the landlord going to have time to find another tenant, or will the apartment be empty for a month or two if you decide to leave? if the latter, i'd say delay getting back to him as long as possible, and then tell him to drop the increase to $100 (or none at all) or you're moving out. the extra $1200-$3000 he'll make from the new tenant (assuming a year lease) probably won't even cover the lost month(s)' rent |
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Date: September 8th, 2010 11:11 AM Author: Gold lay hunting ground Also try to find a comparable apt leasing at less and show it to him. (http://www.autoadmit.com/thread.php?thread_id=1417692&forum_id=2#15994250) |
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Date: September 8th, 2010 11:23 AM Author: smoky heaven legend Yes, found a few in the West Village. All $10 less per month than our new rental rate and no shower in the f-ing kithcen. (http://www.autoadmit.com/thread.php?thread_id=1417692&forum_id=2#15994307) |
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Date: September 8th, 2010 11:24 AM Author: Gold lay hunting ground $10 less a month isn't really going to impress the landlord, but good luck. He'll probably lulz and agree to knock it down the $10, but if you're in a situation where $5/month each makes a difference you have bigger problems than this. (http://www.autoadmit.com/thread.php?thread_id=1417692&forum_id=2#15994310) |
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Date: September 8th, 2010 11:26 AM Author: smoky heaven legend What about the shower in the f-ing kitchen?
The places I'm looking at that are $10 less have an actual shower with tub. Also, I can find cheaper on Craigslist. I'm looking on broker sites which typically only run higher priced places. |
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Date: September 8th, 2010 11:23 AM Author: smoky heaven legend Our lease ends Oct. 31st. We are to give them a 30 day notice if we want to stay or move out.
Our rent is pretty low, considering the area (think Chelsea, soho, etc.) but not rock bottom and WE HAVE A FUCKING SHOWER IN OUR KITCHEN. That's right. The shower is just off the kitchen. Like the shower curtain hangs into the kitchen. I think this would make it a lot more difficult to rent out. We don't mind as we are two dudes, but I'm sure it would turn off girls, and that's more than half the population. We justified it with the lower rent (the unit above us has the shower in the bathroom and averaged 300$ more per month than ours.) |
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Date: September 8th, 2010 11:35 AM Author: citrine orchestra pit I've done this. Just tell them the rent increase it way too high, especially ITE. They don't actually want you to move, but they know that most people hate moving and will agree to a rent increase to avoid it.
I've never had a place refuse to lower the rent. In fact, if you reject their first offer, they'll likely come back a bit lower (depends of course on how full the building is, etc.). You do have the advantage of having your lease expire end of October which is a slow time for rentals.
I wouldn't bother with comparables - they have their own sense of how hard it will be to rent your place, they won't really care if other places are undercharging what they think is reasonable. |
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Date: September 8th, 2010 11:40 AM Author: umber site word...and i'd wait till the deadline to give them your counter offer. the longer the negotiations go, the more leverage you'll have, as they'll have less and less time to find new tenants. (http://www.autoadmit.com/thread.php?thread_id=1417692&forum_id=2#15994365) |
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Date: September 8th, 2010 11:40 AM Author: smoky heaven legend ty.
Yes, I think we are going to go in lower. Like $100 and we'll put a lot of stress on the whole "there's a shower in our f-ing kitchen" situation.
I guess there is nothing to lose. We pay our rent on time every month and are great tenants. |
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Date: September 8th, 2010 11:51 AM Author: Marvelous Market Gunner Don't be such a pussy. Your opening move is no increase at all, and give the fucker a conditional notice to vacate. Tell him you're moving unless, before the lease expires, you reach a contrary agreement.
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Date: September 8th, 2010 11:55 AM Author: citrine orchestra pit Agreed. Make them negotiate down from their offer. I would only make a counter when you feel they won't come down any more on their own and then make the counter a bit lower to get that last bit. In fact, I wouldn't be surprised if you could get them down to no rent increase.
Not sure what the notice to vacate really achieves. It should be clear that you're going to move unless they offer you a reasonable rent. |
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Date: September 8th, 2010 12:05 PM Author: smoky heaven legend ok, I agree guys.
We will go in with an argument for no increase to start.
Should we send it in via email? They sent the letter about the increase and new lease via email. |
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Date: September 8th, 2010 11:54 AM Author: wonderful marketing idea I am a landlord of several properties in a city. No landlord wants to lose a good tenant that pays on time -- it is a hassle to find new tenants, risks of moving, risks of new tenants, etc. Though it may be a management company doing all the work so the landlord might not care much. But usually the landlord cares at least some. So I'd counteroffer for sure.
Even better advice: have you looked at NYC's rent control law at all? |
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Date: September 8th, 2010 12:03 PM Author: smoky heaven legend Hi and TY.
Yes, I rent from a co-op who uses a management company to rent our 20% of the units to earn extra money for the co-op.
No, I have not looked into rent control laws in NYC. Any advice?
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Date: September 8th, 2010 12:06 PM Author: wonderful marketing idea Use the internet, NYC has very complicated but generally tenant-favoring rent control laws. Also I'd imagine a co-op board would be pretty risk adverse, so I'd fight this fairly hard if the rent control laws are at all in your favor. I'm sure the city has a website that explains the laws. They are very complicated but pretty strict. I believe the correct term is rent stabilization. (http://www.autoadmit.com/thread.php?thread_id=1417692&forum_id=2#15994455) |
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Date: September 8th, 2010 11:54 AM Author: chestnut really tough guy fat ankles I once looked at an apartment in the Village and was shocked to find a shower in the kitchen. The floor was sloped so water from the shower wouldn't make the rest of the kitchen floor wet. The broker called it "San Francisco style." I'm from the SF area and have never seen a shower in the kitchen.
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Date: September 8th, 2010 1:19 PM Author: Marvelous Market Gunner You're just not sophisticated and worldly enough to appreciate the kitchen shower. (http://www.autoadmit.com/thread.php?thread_id=1417692&forum_id=2#15994848) |
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Date: September 8th, 2010 1:23 PM Author: smoky heaven legend A Euro said this to me once after I showed him the place. I was laughing at it and he said something like "but this is very normal in Europe and no big deal. It saves space..." (http://www.autoadmit.com/thread.php?thread_id=1417692&forum_id=2#15994887) |
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Date: September 8th, 2010 11:56 AM Author: Copper Hall Ceo Find out either what the guys across the hall are paying or what an empty apartment would go for. Start from there. Say shit like, this hike isn't a fair way to treat a loyal tenant like us. (http://www.autoadmit.com/thread.php?thread_id=1417692&forum_id=2#15994426) |
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Date: September 8th, 2010 12:09 PM Author: crimson odious cruise ship the landlord sounds like a greedy asshole.
fuck him over by indicating that you might pay the increase, but then move out the day before your rental agreement ends, and scream at him to stop being so greedy.
i bet he'll be shocked. |
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Date: September 8th, 2010 1:37 PM Author: Cream supple public bath organic girlfriend NYC sounds like hell. (http://www.autoadmit.com/thread.php?thread_id=1417692&forum_id=2#15995033) |
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Date: September 10th, 2010 9:40 AM Author: Vivacious geriatric police squad station do you pay your rent on time and are relatively quiet? Push this point to the landlord he possibly could get more money but you pay your rent and dont make a stink. a tenant like that is worth his weight in gold. Everytime i get an increase notice the landlord is like oh i could get another 400 a month, and im like yeah you could if they pay it or you could have the guarantee from me 400 less every month on the 1st of the month no questions no bothering no threatening with eviction nothing but a nice pile of cash every month. this usually if not always works. (http://www.autoadmit.com/thread.php?thread_id=1417692&forum_id=2#16009721) |
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Date: September 10th, 2010 9:49 AM Author: snowy 180 volcanic crater refuse the increase unless he does huge structural improvements to the apartment. (http://www.autoadmit.com/thread.php?thread_id=1417692&forum_id=2#16009739) |
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Date: September 10th, 2010 10:32 AM Author: Glittery dilemma I hit my tenant with a $50 increase from 1500 to 1550 and now Im suing her for eviction because she wont pay any rent at all. Once she leaves and I fix up the place it will rent out for 2k so good riddance to bad rubbish. (http://www.autoadmit.com/thread.php?thread_id=1417692&forum_id=2#16009838) |
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Date: September 10th, 2010 10:33 AM Author: House-broken racy garrison A greedy Jew. What a surprise. (http://www.autoadmit.com/thread.php?thread_id=1417692&forum_id=2#16009843) |
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Date: September 10th, 2010 10:34 AM Author: Idiotic Knife You do rental properties on weekends? Is there any shithustle you don't do? (http://www.autoadmit.com/thread.php?thread_id=1417692&forum_id=2#16009844) |
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Date: September 10th, 2010 10:36 AM Author: Glittery dilemma When I moved to DC I rented out my place in NY. I've mentioned this before. (http://www.autoadmit.com/thread.php?thread_id=1417692&forum_id=2#16009854) |
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Date: September 10th, 2010 10:41 AM Author: Idiotic Knife The meager returns you get are really worth the headache of managing a property in another state? (http://www.autoadmit.com/thread.php?thread_id=1417692&forum_id=2#16009868) |
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Date: September 10th, 2010 10:34 AM Author: Idiotic Knife OP please take a pic of this showerkitchen. (http://www.autoadmit.com/thread.php?thread_id=1417692&forum_id=2#16009846) |
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Date: September 10th, 2010 10:47 AM Author: Soggy dead bbw box office Yes.
I have lived in tiny rathole apts in Europe where the shower was the whole bathroom....but never saw a showerkitchen. |