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Monday, December 06, 2004 

Uh-oh...

Got a letter stuck to my door this weekend that said "Hey, we're the new company, we're taking over for the old company that owned these apartments, nice to meet us!"

Now, that may not be a big deal to the average person, but it is to us.

We were getting $100 a MONTH off of the normal rent on the apartment we have. Now doing the quick math you would come up with $1200/year that is saving us! We have that because I know the woman that works for Ev Cochrane & Assoc. and she talked to good 'ol Ev himself and got us that deal...pretty nifty huh?! I actually know someone and got to do something about it, instead of always hearing how other people get through parts of life by knowing people! :-)

So, anyway, as you have figured out that means we won't get that deal anymore in August when our lease is up...or does it? I don't know, I don't know who to talk to about this or what to do. This is a damn nice apartment for what we're paying. This last August we did a two day search for a new apartment because we didn't like the fact that we pay for ALL utilities, they don't pay for ANY. Which SUCKS. But...everything else about the apartment is nice (well, the managers SUCK and the people above us about made me bust a nut and go up there and beat the living shit out of them, but that's a different story and they're gone now so it's ok) but it's a very nice apartment, and after our two day search...NOTHING. I think we have the best apartment for our money budget, and now we may not have it after this August.

I would LOVE LOVE LOVE to have a house...but, money...not gonna happen...damn money, so...not sure what exactly to do right this moment, I guess look for apartments again. A nice townhouse or something would be nice, there are some right down the street from us, I'm just afraid they're about $200-$500 more than we can pay...grrr face....

Is the $100 written into your contract? Because typically they will stick to contracts, unless yours is waaaay below the current rent rate, then of course they raise it.

If the $100 off is actually part of the contract and your contract says you are to pay $800 a month, then they might just renew at the typical $25 or $50 increase instead of a whole $100. They also may rewrite your contract at the CURRENT rate if you agree to a longer contract (say 18 months or 24 months) and you are great renters.

Negotiation is always possible.

*this coming from someone who rented for the first 8 years of their marriage AND I actually was a Leasing Agent in California for a 714 unit apartment complex). :)

I'm doing this comment post seperate because it's a completely seperate thought from the one above.

I vote you seriously look at house hunting. We were forced into a house in a way. We were scared to death of taking the leap and of course figured income too low, etc. You will be pleasantly surprised to find out just what you can afford and how many programs there are out there for first time buyers! I cannot stress this enough. (moving to Minnesota from Tennessee we had rent shock. We could rent a 3 bedroom home for $1300 a month or we could buy one for $763 a month. It was a no brainer for us! LOL).

Just on a whim you should start looking into that. A cute little bungelow starter home in a nice older, but respectable neighborhood can run you about $80K. You can resell in 2-5 years when you are further ahead and have outgrown it. You can qualify for that 80K on about $22K a year. Most programs will even offer zero or very low 'down' payments.

I would seriously look into a townhouse if I were you. It would keep you out from under maintence but still give you equity. Some of the new ones that are being built near us have ads saying $600/month. It usually works out to less $$ to own. Crazy, huh?

Anyway, it doesn't hurt to look & you have some time before your lease is up.

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