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We moved in to an apartment complex in Cary last year, everything is fine except after a year the new lease rent jumped by 4%, I like to know if this is the normal rent increase rate around here? I feel this is very high if increase 4% year after year
single family home by private owner? i wonder where to find these kind of deals
Craigslist and the old fashioned black-and-white classifieds. Be careful on Craigslist, don't give any money until you've met the owner (or a properly licensed property manager) and been in the house in person. It seems like obvious enough advice, but folks still fall for it....
My neighbors rent their house, have been for 4, no increase at all in that time.
I hate apartments, used to live in one and they always raised the rent while letting new folks in with great deals, to get you in. They figure it's a PITA to move (they are right) so they can raise rent pretty easily.
I agree the apartments (in communities) are probably more likely to increase annually than are rental homes. I lived in various communities, and they usually bring you in at a low rate and figure you'd rather pay an increase than move when your lease is up. I was successful negotiating a few times, but I had to threaten to move - so I had to be ready to actually do that. Good luck - I had one that wanted to go up nearly 20% after a year!
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