Review History for anonymous

Villaggio on Yarrow Bay


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anonymous

Resident 2012

11/29/2012

Beware of the cheaper SHORT LEASE TRAP: if you sign in the fall/winter, they will give you a deal on shorter a lease that ends in Summer. Then in summer they will raise your rent 50% on the resign. This happened to me on my 3br - from $2,400 to $3,600!! And funny thing is, now they have 3brs on Craigslist for $2,400!!! Ridiculous. It's a waterfront property with a pool that's much easier to sell in the summer. Good place to live, but be smart...time your resign for winter.
    Manager

    12/18/2012

    Villaggio on Yarrow Bay
    Thank you all for your responses. We are not trying to trick anyone into signing a short term lease, indeed from a business standpoint there is tremendous cost associated with getting an apartment ready for a new neighbor, as well as the associated lost rent if it sits vacant. Even more so, despite what seems to be the conclusion when people are frustrated, we genuinely would rather keep the neighbors we have currently. Our pricing system, similar to most other professionally managed apartment communities, looks ahead in each specific floor plan and looks at the exposure down the road. If November of 2013, for example, has too much exposure it will increase the price for a November expiration. We do not trick people into signing shorter leases, as I mentioned above as a property manager I would much rather have everyone sign longer leases to increase the sense of community and decrease turnover. For some neighbors a shorter term option is ideal, and the fact that we can sometimes offer it at a similar price to a longer term lease is fantastic. They're either here on a contract, looking to by a home, going to school, etc. But for anyone looking to stay here long term, I invite you to. It's obviously advantageous to lock-in the rate for as long as possible, and we'd certainly love to have you. Regards, Sam Mullen Property Manager Villaggio on Yarrow Bay

    Review 21 out of 186

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    Villaggio on Yarrow Bay

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