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Nice apartments, $$$$$
From:
-Anonymous-
Date posted:
1/10/2007
Years at this apartment:
2004
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2007
6 responses
Apartments are good size compared to other properties I looked at and the rent was reasonable. Now, I have lived there for almost three years and my rent has gone up $100 every time we signed a new lease. I'm glad I didn't splurge on the apartment with a view because I wouldn't be able to afford it! I have really enjoyed living here but please beware of rate increases. I will not be living here after the summer because I can get a house with that kind of $$!
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User Responses
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From:
Anonymous
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Date:
04/05/2007
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Rent increases are a part of life. It always amazes me when people live in apartments and think they should have the same rate year over year. Think about it! Did gas prices go up? Has insurance gone up? Have costs for supplies gone up? EVERYTHING increases, and your rent increase covers the cost of doing business. Please take a business class at Tech.
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From:
Anonymous
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Date:
04/08/2007
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Tech...please... if you need an education in business go to GSU, not a glorified trade school. Look, if you want to keep your tenants... don't gouge them with $100 increases, that's ridiculous. Your apartments are not that great - smaller square footage than many other places. Go back to Tech and learn something about building quality units.
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From:
Anonymous
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Date:
07/08/2007
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It is ridiculous, my wife and I lived in Seattle (not exactly cheap on the rent) in a historic building, on top of a hill, looking down at Downtown, Elliott Bay and the Space Needle, and had ZERO rent increases, over 3 lease renewals. Post Renaissance offered to raise our rent each time we renewed a lease, they also, however, told us that if we moved to another unit in the complex we could avoid an increase. This says to me that they increase rent not as a matter of increasing costs, but as a matter of policy.
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From:
postrenaissancemgmt
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Date:
07/28/2007
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By us offering that option to you, is no different than if you looked on our website to see what was available and chose to lease another apartment. Since you were already a resident you are saving over someone who walks in as a new lease because all you would be paying on the new apartment would be a lease fee and security deposit (if applicable). No application fee, or fee for gate access. Our pricing is determined by a pricing software and it takes many things into account when figuring your renewal price. Renewals are offered 120 days out and what we may have available now, will not be same same in 3 months. I'm sorry if you felt as though that was unfair, we do our best to be honest and show you all of your options, even when it means that we may loose money. Your satisfaction does play a role in all of our decisions.
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From:
Anonymous
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Date:
09/10/2007
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The problem for apartment complexes is that this is a renters market, and there are a ridiculous amount of apartments in Atlanta. So you can raise the rent all you want, but we have thousands of other places to choose from. Your software obviously isn't taking good old-fashioned competition into context. But then again, you do in one way, otherwise there wouldn't be "move ins pecials," which is another way of saying "we can totally charge this amount for a place, and we do it for new people, but long-term residents get screwed." Post and Gables and other places here are all corporately owned, so they can afford to gouge the renter and risk high turnover. But there are still too many places, and the price will come down.
What I will never understand is why an apartment complex wouldn't value a long-term tenent. Instead, they raise their rates everyyear and offer specials to new people, regardless of whether they are good tenents or not.
I also dont' understand why they assume the price would go up on such a cheaply made place. The post I currently live in is now 15 years old and it shows. The inside of my apartment is the same. No improvements have been made, so why would I pay 100 more now?
But, it doesn't matter-- I'm moving somewhere else. I'll put up with hassle of moving for one day to save 1200 per year on my new place.
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From:
jmsummitt
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Date:
12/16/2007
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It's always seemed to me that management companies structure their rents and renewals to encourage new people to move in, and existing tenants to move out. I'm not sure why they would desire this turnover, but if they do not, then why charge a rent $50 or $100 higher on renewal than the current move-in rent for the same apartment? Perhaps it's because they know that moving is expensive and a hassle, and think you will pay them more than the apartment is worth, in order to avoid moving.
I think it woud be considerate if landlords would restrict their rent increases to the CPI increase over the same period, and if a landlord offered to do that I would count it as a big plus. But we have a free market, they're going to do whatever they can get away with.
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