I Think My Landlord Is Ripping Me Off

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[@shea455]

Never sign anything under pressure.

[@digitalgulby]

Especially unexpected pressure. It’s one thing if the person expected to sign has known for an extended period of time the offer has an expiration date. If it’s out of nowhere, walk.

[@kbanghart]

​@@digitalgulbyexcept that when it comes to housing, you're kind of screwed.

[@digitalgulby]

@@kbanghart all the more reason not to rent

[@jameshudkins2210]

@@kbanghart There are always other choices. Always! You can chose smaller, farther away. older, etc. Get the best you can do.

[@kbanghart]

@@jameshudkins2210 there are other options, yes, but many times people get stuck in a mindset. Or afraid of change. Especially when there are multiple roommates to consider.

[@SANLEOR]

SHORTCUTS TO SUCCESS

[@SANLEOR]

the first step to acquire wealth is figuring-out your goals with heIp of a financiaI pIanner, and foIIowing through with lnteIIigent ideas; you will acquire wealth in no time and also enjoy the decision of managing your money.

[@SANLEOR]

Get to her, if you care... Elizabeth Green Hunts..

[@SANLEOR]

Whosoever tries this sureIy acquires wealth. Get to her.. Elizabeth Green Hunts..

[@9liveslisa]

The best lesson my Dad ever taught me is "Life isn't fair." It's true.

[@firefly9838]

Which seems to give off the impression you need to just accept life is unfair instead of fighting injustice.

[@floydestelle6242]

U must not be a Democrat, my money is everyone money, even if you didn't work for it

[@9liveslisa]

@@floydestelle6242 Versus the Republicans who think all one's money should be in Donald Trump's pocket.

[@9liveslisa]

@@firefly9838 I don't recommend anyone fighting non-stop for things that are unfair. A wise person picks their battles.

[@chazzkramer7676]

@@firefly9838 define injustice

[@AvalonMisty]

This young man is getting an education outside the classroom. He is learning about human nature, law, personal responsibility and consequences of our decisions.

[@calebmallen]

He'll probably learn more in this experience than he will in the college classroom 😄

[@francismarion6400]

Or he will start gathering bricks and frozen water bottles for the next Summer of Love event.

[@GaryMartin-ut2rn]

@@calebmallen ^^^^THIS^^^^

[@TonyCox1351]

This is why you always make decisions based on what makes sense for you at the time, not based on how it looks comparatively. If the rent is affordable, fair, and within your budget, then sign the lease. It doesn’t matter if the price drops 90% the next day because you already got a lease that is fair, affordable, and within your budget.

[@calebmallen]

It's real simple, at the time he signed his lease contract, the price was higher. As we close in on the new school year, the landlord has a few vacant rooms remaining, and so he has to lower the price on those units to get them filled before the school year starts 🤷🏻‍♂️ A real important lesson to learn in life, NOTHING, and I do mean NOTHING, has a fixed value. Everything is only "worth" what someone else is willing to pay you for it in that moment.

[@brianstone4302]

Wrong.There are fixed rates

[@TonyCox1351]

@@brianstone4302not in Detroit

[@jeraldbottcher1588]

@@brianstone4302 And those fixed rates will change depending on the market value. Which is what what the market will bear at that moment.

[@user-ot7jd9dt7t]

​@@brianstone4302fixed rates bend with no demand lil fella 😂

[@DayrusBPB]

Live in van or roommates or squat

[@Johnrl21]

Welcome to life. Look on the bright side. This experience most likely gave you more business insight than some of the classes you are taking.

[@JustinCase780]

Sounds like they are clueless about the real world. 😅

[@clarifyingquestions]

Caller - what if you signed for 1k and then a few months later the same unit was renting for 250 MORE and landlord knocks on the door saying so you need to pay 250 MORE. Im sure you would stand behind your lease.

[@johannees622]

😂😂😂 right

[@mannyjeanpierre4062]

exactly. He agreed to the price and wants to back out because he sees its cheaper. It could also work out the opposite way and he wouldnt want it that way.

[@eile4219]

like i buy aapl stock for $230, but now$225, i want to back out.

[@kbanghart]

​@@mannyjeanpierre4062The thing I don't like is they gave him only 6 hours. That doesn't seem legal at all. Seems like tenants should be given at least 24 hours to decide.

[@mannyjeanpierre4062]

@@kbanghart agreed but he also could've walked away. And honestly in a nefotiation ppl don't have to give you anytime to decide. Could come back and it's not available anymore

[@Jessica-nr6xg]

Buying a stock is easy but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stock to buy now or put on a a watchlist? I've been trying to grow my profilio of $560k for sometime now, my major challenges is not knowing the best entry and exit strategies..... i would greatly appreciate any suggestions.

[@Oscar-qp8bb]

For a successful long-term investment strategy, find high-yielding stocks and shares that pace the market. Consider consulting a financial advisor to create a personalized plan that meets your goals.

[@Henry-lb6yd]

By diversifying my $400,000 portfolio with the help of an investment advisor, I achieved an impressive net profit of over $900,000 in a short period, leveraging a mix of high-dividend stocks, ETFs, and bonds to maximize returns

[@Amelia-oo6xf]

Please can you leave the info of your investment advisor here? I'm i dire need for one

[@Henry-lb6yd]

Evelyn Jonathan Financial. Is my licenced coach i use just search the name you'd find necessary details to work with a correspondence to set up an appointment

[@Dudley18]

Thank you for this amazing tip, I just looked up Evelyn Jonathan , wrote her explaining my financial market goals and schedule a call

[@robertcpressly]

Father of a college student here. This happens in every major college town in America. There is a rush for next school year leases from fall to spring. Then in the summer when they have a few apartments left for August move in, they reduce in hopes to get to 100% capacity. Nothing wrong or shady here.

[@jeraldbottcher1588]

And sometimes they get to full capacity without reducing the rates.

[@jgjg3848]

Wait until he goes out in the real world and finds out there are introductory rates on just about everything. New internet customers get a month free, new cell phone customers get a free phone, etc. while existing customers get higher rates and no freebies.

[@willyjoerockhead]

Before I rented an apartment in Chicago the landlord said..."this is our only unit available...get it before someone else comes." After i moved in i told the maintainance guy that i was lucky to just get the last unit. He laughed and said "That's what they told you huh!"

[@firefly9838]

Recently went apartment hunting... its funny we views 13 places last Saturday. All 13 places told us "we need to make an urgent decision all their units were almost gone". EVERY. SINGLE. PLACE. Its a sales tactic.

[@suen5006]

Classic high pressure sales.

[@truthsayer9534]

Apartment managers almost always tell you they have two apartments left, one upstairs and one downstairs and it’s almost always a lie. Mighty convenient how they always happen to have one up and one down. 😂

[@Psuedo-Nim]

I laugh at people who believe the comments and promises of salesmen. I've stopped having sympathy for suckers.

[@RJVanEtten]

Im a property manager. What probably happened is they were preleasing for the next school year at that higher rate when they could get it and now that the school year is almost upon us and they are trying to get the left over units leased quickly before they miss their last window of opportunity.

[@GAFB1122]

Maybe you're correct, but a person will turn me off real quick with, "You got X hours to sign." I'm serious when I say I'd rather lose a potential good deal than succumb to those filthy hard sell tactics. The moment a salesperson, property manager, etc. tries those tactics on me, I say no thanks and look for someone or something else. The only nuance to that is if it's an emergency, then the other person has all the power, and they can be as filthy and unethical as they want.

[@reese85]

@GAFB1122 I see nothing wrong with giving ppl, especially college students. A 6 hour window to makeup their minds on a housing unit. Cuz I’m sure they go fast and I’m not about to wait around and potentially miss out on a renter cuz you’re indecisive

[@JustinCase780]

It's a college student incentive deal to book up early. It's not a big deal. These guys can pay the rate available next year or find another place. They aren't victims based upon their original lease.

[@GAFB1122]

@reese85 Another instance where we will agree to disagree. But I know for me, hard sell tactics or unreasonable deadlines result in a hard NO from me, and I walk away. And I hope you got another fish on the line because I won't be back because I don't like or deal with folks like that. It's a principle thing for me.

[@reese85]

@GAFB1122 in this situation. The landlord will find another renter way b4 you would prob find more housing

[@emoney1231]

Breaking news: Landlord sides with other landlord. In reality though, price fluctuations are a part of life.

[@sp-cn8pm]

College rentals are cyclical, so he likely did have a deadline. That is a huge discrepancy tho.

[@IrishMexican]

Underrated comment

[@stevenporter863]

​​@@sp-cn8pmHe should talk to the landlord and lay out his case in a clear, calm manner. Worst case is he is back where he is now, best case the landlord may be professional and honor the lower rate since he is a student and was basically threatened to be homeless or move while taking classes. - Just heard Dave's reaction at the end of the video and he basically had the same opinion.

[@sp-cn8pm]

@stevenporter863 I'm with what John said. Renters in general can be SUPER flakey because they want the best deal, so it's might've been a valid mention, but I do agree that's a huge discrepancy.

[@dillondittemore1102]

He'll learn a valuable lesson. There are no deadlines. Even when someone says there is you can push it. Just like when you get an offer in a house they give you 24 hours to accept or not. It's so they can lock in and block out higher offers. Like the great kunu always said. Do nothing lol

[@umani9983]

The general rule of thumb is never buy or sign anything when the other side is putting a very short time constraint. Intentional or not, the situation pressure you to making a decision now without all the facts. If you can't afford to wait and risk lossing that appartment then obviously that appartment is was worth what you signed for to you.

[@MikeWalksWithJesus]

Plot twist, ramsey owns his apartment lol

[@random-nz7dy]

😂😂😂😂

[@dhalps23]

This happens in college towns bc of supply & demand. The rates go up right before school starts bc everybody is looking for places to live all at once before fall semester starts. Then if they have availability later on when lesser demand they might do different deals.

[@BaileyJames-zv2ddd]

My only wish is that everything will work out before my partner and I are prepared to buy our first home. worrying that lower rates will result in higher home costs.

[@agentjacob4099]

Having human laborers "serve," er, exploit is not as valuable to governments and corporations in the modern world as financial gain and profit are.

[@FreestyleJameZ]

Mutual funds are not typically used to invest retirement money, according to Fisher Investments. Ninety percent of financial counselors fail during the first three years of their business. Working with my CFA *Leah* *Foster* *Alderman* is something I truly enjoy. She gave me some surprising advice, one of which was to reduce my funds. I was squandering too much of my existing income stream on retirement and my kids' college education. As a result of this modification, thrm is now managing fewer assets. She suggested that I take an 8% hit to my savings rate. I decide to invest 4% since I'm concerned about running out of money in retirement. I'm 46 and I'll be retiring in eight years.

[@OscarOwenn]

Always on point and never lets you down. Though investing is a long-term plan, the media consistently propagates negativity.

[@BaileyJames-zv2ddd]

In the absence of market regulation, housing costs will climb further. amazing evaluation of Leah when I was there; you're doing fantastic, friend.

[@collins.l454]

After you reach Coast FIRE, you should prioritize paying off your mortgage early, building up a sizable emergency fund, investing for your child's school, and achieving other financial objectives. If you decide otherwise, go ahead and make retirement savings your top priority. That's what I'm doing right now.

[@theprof73]

I suspect the landlords KNEW the rents would be going down and clearly used high pressure tactics. Anyone who says you have 6 hours is not being reasonable. But good luck prevailing in court. An important lesson.

[@kimberlymartin459]

The 6 hours is saying... do you want it or not? If not then let me go find someone who will. As an landlord time is money and money is time. Most businesses give you till the end of the business day to decide.

[@zybard01]

Anytime someone tells you that you have to act now, reserve it now, buy now or lose the special deal. I walk away. And try calling back 2-10 days later. And ask if they have any specials below what you were originally estimated. 3 out of 5 times they will give you a lower price. And only 1 out of 30 times did i actually lose the product

[@radolfkalis4041]

Yeah. The caller learned a hard life lesson. Perhaps they can squeeze in a 5th roommate.

[@JustinCase780]

@@radolfkalis4041 Hard lesson? They were each already paying $1k a month at MSU. It's a luxury condo. They were offered an incentive to book in advance for the next school year. No big deal and they are not victims.

[@radolfkalis4041]

@@JustinCase780 I never said they were victims. He wanted to get a lawyer because they were rushed into buying something that was cheaper after they signed. He has no legal recourse. Sometimes when you buy something the price drops later.

[@Joshh.K]

Lesson learned about the not signing anything under pressure. But I can't help but feel there's a disconnection I don't often see here - with the 6 hours pressure. That sounds like foul play, 6 hours or you potentially can't stay in your home is a hugely anxiety inducing action. They have your back up against a wall, and say do it now or a bad thing could happen. I'm sorry, maybe they "didn't legally do anything wrong" but using your position to bully someone to make a bad decision for themself doesn't sit right with me

[@acclaimedhousecleaning7555]

College rental is often a 10 Month rental, which often equates to higher rates to cover those 2 months that a unit often sits empty. The special offer could be for 12 Month Leases.

[@BlakeWheelersBurnerAccount]

Dave Ramsey deals in investment properties and makes money off of them and this guy calls looking for sympathy 🤣

[@dbond0018]

Grown adults shouldn't need to be babysat.

[@sidwhiting665]

Market conditions change all the time. Sometimes I will offer a rental unit for $X. Sometimes I will offer the exact same place for 20% less. Sometimes I will offer the exact same place for 20% more. It depends on if I have tons of interest and 5 people applying or it's been 1 month since the last time anyone wanted to look at it. Same applies when retailers put items on sale or decide to charge full price. It's the same item, but the degree of popularity helps determine who gets what.

[@aberose7405]

I am not sure the laws in his state but in NJ where I am the landlord must give 30 days time to resign a lease.

[@tomosborne4702]

By signing early for a higher price you ensured you had a place to live that you liked. There's a premium on that compared to getting something at the last minute which may be cheaper but you may not like so much. Them's the breaks.

[@poolmilethirty2859]

He should leave a bad review when he leaves about the pressure they put on him to sign at the higher price. The landlord knows he wasn't going to go anywhere, so he took advantage of that.

[@radolfkalis4041]

The caller is young, he just learned a hard lesson.

[@GnarlsFarls]

Yup young and haven't really understood lease agreements yet

[@AlanHMartin]

Dave needed to explain to the caller the process behind breaking a lease.

[@edd06001]

Thats cute that a college student thinks landlords lease out similar units in an apartment complex for the same price.

[@kristencobb230]

😂 Yep!

[@TonyCox1351]

A totally normal lesson that we all learned in some form of fashion. We were all the cute college-aged kid once

[@AmaniLindsey]

Nah they are price gouging like always. Sucks but as a student always search before you sign

[@Scarface_445]

@@AmaniLindseyexactly! 5.1k for a literal large closet. Guess which idiot lived there for a year with 2 roommates. This guy 🥸! Had to learn the hard way, people will take advantage of stupidity. So get educated in literally everything.

[@kbanghart]

​@@AmaniLindseybut 6 hours notice? LOL that's ridiculous. Wonder if that's common everywhere. What if you're working during the 6 hours and don't have time to really talk it over? Or some other person on the lease is out of contact for those 6 hours?

[@Kaktus965]

Gen Z says wwaaAAAAAAAAAAaaaaaahhhh my feeEEEELLLings….

[@crowtservo]

A young person who doesn’t know everything about renting and leases called up and asked someone who knows about being a landlord if his did something wrong.

[@xlerb2286]

I suspect the when the rental company made that original "have to sign now or we can't guarantee you can stay here" statement they knew they had many vacancies. And that's slimy, but not illegal. Kids just paid some tuition in the school of life. I hope they took good notes. Plenty of other slimeballs out there.

[@heyimlew83]

Well ironically folks here hate student loans. This company is technically exploiting the student loan crisis. They also have the right to do it. In the end, regardless of legality I don’t think the rental company is very moral (but hey who is these days in real estate).

[@brianstone4302]

They are adults not kid’s

[@francismarion6400]

He went to college with ZERO life experiences.

[@dcg590]

@@heyimlew83it’s a business. And if student loans are not a crisis. People, CHOSE to take them out then whine about paying them. They manage to buy houses and cars and don’t pay their loans. The crisis is in accountability, not loans.

[@FaithandPurpose828]

4 roommates@$1,015 a piece = $4,060 a month for an apartment rented to college students. Wow!

[@janise01]

Was it $1015 each or $1015 for the apartment so a few hundred each?

[@stardark9mc]

lmao their faces at the beginning

[@jezikamariscal]

This happened in my very first apartment. I didn’t sign the new lease, and at the end of my lease they offered me to renew with the same offer from before

[@bChipps]

My college landlord left holes in our roof and sewage in our basement for months and refused to do anything till we got a lawyer.

[@57_Triumph]

He paid for the guarantee that the apartment would be theirs in the future. If he decided to wait and the tent went up, I guess he would call and want the cheaper rent from before in that case you. “Market price” is a time function. He signed the lease at the market price when he signed. The going rate at that time.

[@thatbemefool]

😂😂😂😂FOMO! I stopped making impulse decisions years ago. He panicked, regrets it and he’s looking for a way out even though he knows there isn’t one. We all have a similar story…it used to be called “Bought Sense.”

[@johannees622]

Yep I paid the price for impulse decision. Now, I give myself at least 24 hours to think it through and just sit in it. If I must give an answer before that, I just let it go. It’s not worth it.

[@thatbemefool]

@@johannees622- We’ve learned our lesson…some never do!

[@IrishMexican]

It’s not illegal, but it does seem a little unfair. 6 hours is extreme. (Landlord here btw)

[@reese85]

@@IrishMexican not if it’s a hot spot for college students and ppl are indecisive about what it is they wanna do. You gotta put a time stamp on it to see how serious ppl are in that situation

[@JustinCase780]

Nope. It was an incentive. No big deal.

[@brianstone4302]

Lmao unfair?your not a landlord

[@davidlawspoonful]

It’s definitely unethical. I agree

[@riceball777]

When i go rent a house i have no time limit. I know first one to sign the lease gets the house. 10 mints later one of the many other applicants can sign the lease and the house is gone

[@liberty4392]

I am moving very soon. We are tired of paying close to $1,725 per month plus utilities for renting a three bedroom apartment.

[@BrandonRa]

What could have happened is the demand changed so the priced changed. Before the school year when everyone is looking for housing the demand is high. And now everyone has started and has housing the demand drop so the price dropped.

[@abacab87]

It's like plane tickets. A few people are going to cancel at the last minute, and it's better to sell the tickets for whatever you can get last minute than have an empty seat. He paid $200 extra a month to gaurantee himself a place to rest his head.

[@barbaradann1446]

apt complexes often have promos for new tenants. it would be nice to be able to reward current tenants some how but it doesn't happen.

[@The.Man.WithAPlan]

Reminds me of how when I was a child. My family we got thrown out with locks on our apartment door on christmas day. Rich people taking advantage.

[@AvalonMisty]

Thought of 2 possible options. 1) You can break a lease. However, a cost/benefit analysis is recommended. Can you find a cheaper apartment at this time? What are the penalties stated in the contract for breaking the lease? Does the monthly cost of a cheaper apartment warrant the penalty payment and inconvenience of moving? 2) Most States have Bureaus of Landlord/Rental Rights. If a Tenant feels that they have been unfairly treated they can contact this Department and state their case. Simply because a Contract is legal...does not make it ethical.

[@UpYourArsenal]

They were just offering a one-year special deal to get new people in the door, and put them in the same situation to call her was in. All first-time customers get a deal at a lot of locations or businesses

[@MisterNightfish]

I'm curious, if rents had gone up, would he have gone to the office and demanded to pay more? Or does this only work one way? Where in the world do contracts work like that? "I buy this now but if it gets cheaper in the future I get my money back". Never heard of anything like this.

[@californiadreamer2580]

Some apartments in a given complex may have much better amenities than other ones, which also can affect rental prices, regardless of square footage. For example, one that's adjacent to a pool or gym, one that has an outstanding ocean view, one that overlooks a stunning park, etc.. Apartments in less desirable locations of the same complex, for example the pool is two buildings over, the view is a parking lot or busy street, the apartment is next door to a schoolyard, etc. , will often cost less.

[@alivingfaith]

The apartments available at a lower rate may be because somebody had signed up to lease. Them lost a $4 to $8,000 deposit and so now they are renting them at a discount rate because they've already made up the profit through somebody else's broken lease.

[@Jenny-dg4sb]

They probably were notified weeks ahead of the rental amount for the next year and waited until they only had six hours left before they contacted the property management company.

[@earthring]

So …if the market goes up and they charge other renters more, can they charge the caller more?

[@reese85]

@@earthring no! Not until the lease is up and even then. They could only raise existing tenants rent but so high but once they leave and get new tenants. They couldn’t definitely charge more

[@Tharvey83]

@@reese85i might be mistaken, but I think the op’s point was that they feel like its unfair because someone else gets it cheaper, but if someone paid more they wouldnt fight to pay more (consistency).

[@thomascho3318]

@Tharvey83 only feels unfair when it goes against them. If it benefits them, no problem. If the rent went up after they signed the lease, they wouldn't ask for their rent to the market rate, would they? This shows two mutual party agreed on a fixed price. that's it.

[@brianstone4302]

Stop with the it’s unfair cry baby crap.

[@JustinCase780]

@@earthring But they are adults! Ready to make huge decisions like "not shacking up" and having babies. They know! 😅😅😅😅

[@IrishMexican]

You know why Rachel is my favorite host? Bc she can have disagreements with Dave live on a call. The rest of the hosts seem to bow down to whatever Dave says.

[@15KHPCLUB]

Of course! Dave won’t fire his wittle girl! 😂

[@Mr_Fairdale]

Thems the breaks, kid.

[@tomsassurance]

Imagine being the hourly employee and 4 hyped guys come in talking about how they are being ripped-off. Demanding that the rent be reduced. Option 1 is telling them they signed and must pay. Option 2 is to agree. for $15.00 per hour what would you do?

[@lkj0822g]

My guess? EVERYTHING is done online nowadays. Very likely that they received notice to renew days/weeks before, which had a "due by" date. On the final day, the landlord notified them that they needed to have their renewal completed by the close of business or the unit would be made available to others. College market rentals are different that your traditional rentals in that they are extremely sensitive to the semester schedule of the college. It is possible that they were nearing the start of the semester and had vacant units. If they didn't rent them, it is possible that they would sit empty until the next semester. As a result, they discounted them heavily to get them rented. It's better to discount them $1000 / mo than to have $0 / mo coming in. Yes, if I were this student, I would be disgruntled as well knowing that I could have gotten the same apartment at a cheaper rate. That said, you signed the contract at a certain price and if the other apartments had gone up in price, you would be congratulating yourself that you saved $xx per month.

[@calebmallen]

On point #1, you're probably completely right! Landlords will typically send out a renewal notice well in advance of the final day. This group of college Chads weren't paying attention until the landlord finally came to them on the last day to give them their final chance to renew.

[@GAFB1122]

​There is legal and there is right and wrong. The law is the law. The line for right and wrong is subjective. Ask 100 people questions about right and wrong, you will get many different answers. The landlord complied with the law but in my opinion the landlord is filth, but that's not uncommon. With that said, I will put up a Google review for anything I FEEL is wrong. As a consumer, I appreciate customer reviews both good and bad. More information is always a good thing. And for me, the first thing I do when researching anything is to see if there are reviews!

[@miajean352]

Thank you I completely agree I was so conflicted seeing that many were okay w treating someone this way my discernment just just went off the chart like am I absolutely missing something here???? Just because it’s legal doesn’t mean it’s right in Gods eyes.

[@gitchygitchyyaya]

The landlord could have worded it differently. What they were saying was “sign at this rate now (exclusive rights) or it becomes open to the public”

[@JustinCase780]

Nope. These students need to grow up and learn about market pricing reality.

[@gitchygitchyyaya]

@@JustinCase780 why not? No need to be rude 😂 effective communication skills with tact is a benefit to anyone trying to make money

[@JustinCase780]

@@gitchygitchyyaya Is it rude if a store, airline or builder offers an incentive to purchase an item in advance? Nope.

[@gitchygitchyyaya]

@@JustinCase780 expecting someone to know something that has nothing to do with them is silly. People aren’t going to “just know” everything you know. Kindness and patience go a long way. Helps with effective communication

[@SnifferSock]

​@@JustinCase780so you know how the landlord worded it? 😂🤡

[@greggpurviance7252]

Misspoke? You are responsible for your employees speech. But you sign, you signed

[@livingunderarockunderarock9963]

2 days after I bought a set of tires online they lowered the price. Just keep it moving- Become the landlord or the company that ships the tires

[@dougholdem2898]

You signed the deal, live up to it. No different than an athlete signing a multi year contract and then being unhappy two years into the contract due the market changing.

[@herpderp66]

$4k a month for an apartment with 3 roommates. This is student housing. They are a complete rip off.

[@nancyaguirre2307]

He wouldn’t be trying to get the current deal if they had the lower cost while new people pay more. He made his decision at that time. When lease is up, move if unhappy but he will be moving a lot constantly comparing to others.

[@galndixie]

Wonder if the other apartments renting for the cheaper rate are the same size, have the same conveniences, etc. And charging by the room mate in a college town is the norm everywhere, and it's high. I live between VT and RU, and if you could see the amount of damage and neglect these landlords have to deal with, you'd know they aren't really getting rich off these units. I wonder, since they were in such a hurry to get this lease signed, what was going on in that apartment that they might need to cover?

[@1tommyday]

That sucks. I'd break that least, not even move in and go elsewhere. They won't go after you

[@Azel247]

Welcome to the real world my dude! Promises don't mean anything here. People can and will screw you. Hold your head up high and keep your values. If someone does something you feel is unfair, don't turn around and do it to someone else.

[@amireallythatgrumpy6508]

It's not the real world. It's America.

[@dwaynemauk566]

“When the day’s work was over, the owner of the vineyard instructed his foreman, ‘Call the workers in and pay them their wages. Start with the last hired and go on to the first.’ “Those hired at five o’clock came up and were each given a dollar. When those who were hired first saw that, they assumed they would get far more. But they got the same, each of them one dollar. Taking the dollar, they groused angrily to the manager, ‘These last workers put in only one easy hour, and you just made them equal to us, who slaved all day under a scorching sun.’ “He replied to the one speaking for the rest, ‘Friend, I haven’t been unfair. We agreed on the wage of a dollar, didn’t we? So take it and go. I decided to give to the one who came last the same as you. Can’t I do what I want with my own money? Are you going to get stingy because I am generous?’ Matthew 20:8-15 MSG

[@sallyprzybil2404]

On the renters side. That does look unfair. He could go to the Managers office and ask if there’s any break they can give him. Chances are they’ll say ‘No’. So, next best thing, start looking around for next years new place now, and don’t rent there for another year. (If he’s still going to be in school the next year). Just don’t sign another lease with this landlord.

[@mattmickle1296]

Life doesn’t get any easier.

[@ZombieEater1001]

College kids always take advantage of on apartments near campus

[@carolr7823]

What disgusting tenants. I have no sympathy for them. I hope that the landlord doesn't lower the rent.

[@maxshiraz3447]

If you ever get a "today only" price, that's a huge red flag. He's learned that lesson young

[@OGAngrySauce]

I'd be looking to break the lease. They signed it too. Make it benefit you.

[@TMPS93]

Gotta love when callers purposely leave out details at the beginning of the call to try and make Dave take their side. Had he not hidden his roommates and the actual cost difference of the apartment Dave would've shut him down and finished the call in 2 minutes flat.

[@fredhadley739]

The tenant should compare the cost of breaching his current lease to the benefits of paying $799 a month under a new lease.

[@leborhal7450]

Thats what I don't get - this kid is complaining about getting a lower rent or he's complaining about a 2400 dollar a year increase over a similar apartment? fucking college kid can't even explain why his upset

[@mph5896]

Yup

[@smkur50]

One guy buys a car at dealership for $40,000 ... another person buys the exact type of car for $37,000 at same dealership that day. You got a lesson that you need to negotiate better before the sale.

[@sousous31]

Say he signed the lease on January 2023 and it expires January 2024, they cant just have him sign a new lease in the middle of his current lease and tell him he may not be able to stay there. He has the legal right to the property until his lease expires. Generally a new lease should be signed about a month or two before his current one expires

[@marthawilliams5449]

I have lived in or around East Lansing for 20 years and everything revolves around being a college town. Leases are August - July and if you want the same apartment the next year you have to sign up in October or forfeit your space. It is a well established way of life here and many apartments have resigning party weeks in October. It is not that you can’t find a lease latter it just means you are not guaranteed your same space.

[@oneisnone7350]

I feel like something is left out. Rents just don’t drop $1000.

[@davinasquirrel7672]

Any time someone offers you 'a deal' with a particularly short deadline - walk away. There is usually a bad reason why the short deadline, it is usually overpriced. It is a psychological sales tactic that is used a lot.

[@BE-bs8oe]

Dunno where u 1are, but here that's continuously thecase with mobile plans. You try to sign for the best deals, but you'll always see the same provider will offer another more cheaper deal next month. If you took the deal it probably seemed right to u guys or u all wanted to have a roof above ur head. Which u got!

[@JoeyNYSDnomad]

Welcome to life!

[@radioactivematt9058]

If you can get a cost down any time you want on a lease, then the land lord can get a price increase any time he wants. That is why there is a lease…. So both parties can agree and no change the price

[@as2223]

Quick lesson on peer pressure. Never fall for it.

[@BE-bs8oe]

First day of summer. It's hot. I go buy a nice summerdress of the new collection, full price. 2 months later it's the Sale. I go back to the same shop and see the same dress costs now half price. What does 1 do? Nothing! Enjoy your purchases at the best price you can and worry more about getting more money in. That is the one thing you can be actively involved with. You could even find a way of subletting to others for more money or buying a do upper or mobile home and rent it out or live in it whilst fixing it. Or live in a van. Or be an au pair. Let's think outside the box. Over here it is very popular for elderly people to rent out a room to a student who in return will keep an eye and exchange some conversation and a meal from time to time. It is a very popular and waitinglists are very long.

[@mhodge0890]

That’s how landlords can get ahead charging whatever price they want as long as it’s within the market value. You got got kid take the loss and move on

[@mmou3878]

It was messed up but legally they are right.

[@johnfreeman1164]

While what the landlord did wasn't illegal, it was trickery. Dealing with people in bad faith usually comes around to bite you in the ass.

[@zacharyfair6738]

It sounds like they have a "special" to fill every apartment because (A) the economy is going down in their area or (B) they want to sell the property, etc. This sounds like a large apartment complex.

[@15KHPCLUB]

Guy just learned Rule # 1 the hard way: Never trust anyone, especially your own family!

[@Ja50nkAt]

That's life bro, (some) people want to screw you out of your money, you signed the contract already.

[@jacquelinelewis5627]

Landlords are super Shady the majority of the time if you signed a year lease then just plan ahead to move out in a year and start looking for something else and then just don't recommend that complex to anybody if they're looking because Word of Mouth travels very far so make sure you tell everybody you know and work not to rent there

[@tduck828]

This is an old video. I guarantee Dave isn't lowering rents in any of his buildings if a renter asked. Nuts for him to tell someone else to do that when HE absolutely would never do that...

[@Sizukun1]

Bingo, he'll cite that one time a tenant got cancer and he paused their rent payments for a few months until that tenant died. But I'll bet my bank account Dave has his property managers raise rent a fixed percentage every year like clock work and tells people to buzz off if they don't like the rent amount.

[@tduck828]

​@@Sizukun1exactly!

[@howardradford1985]

That really wouldn't fit into Dave's narrative of saving what you can so you can be generous later. You might of had bad experience with landlords in the past and they wouldn't budge. That doesn't mean all landlords are like that and ultimately it's bad for business not to be generous. Dave would want plenty of repeat business and you don't get that without helping out his tenants.

[@Billman8686]

Oh so you've rented from him? Do you have any experience renting a property from dave? Or are you just someone who likes to crap on other people without any real knowledge of the situation?

[@topsykretts2264]

Just because Dave is a Christian, it doesn’t mean his tenants can just take advantage of his kindness. Rent still has to be paid sooner or later. There’s no way around that. Nothing ungodly about evicting tenants who aren’t paying.

[@JP-ro2yi]

That company knew what they were doing. I would think they would still be able to sue them for "entrapment" or whatever the word is for what they did. Dave sure acted like he knew about this kind of stunt and has probably done it himself.

[@paulstandaert5709]

"But if you call in the next 3 minutes, we will also include shipping absolutely free...." It sounds a lot like that.

[@diceportz7107]

I have a friend that is a maintenance/ custodian for a large apt complex in a college town that rents exclusively to students. This kind of stuff happens all the time. The owners jack the price and suddenly, they can't rent out apts. Or the college will contract with another complex and they loose their exclusive status, so rents drop to stay competitive.

[@Undefined14]

I mean, look at the penalties for breaking your lease. It might be worth breaking the lease to turn around and sign a new one with the same people at a lower rate. $1,000/mo isn't chump change.

[@schawnettarobinson8584]

Adulthood is tough.

[@dyno2007]

Can you imagine if the rent would have doubled for new renters 3 months after he signed his lease? Would he have felt compelled to ask if he could double is rent?

[@suen5006]

Over 4K for a 4 bedroom apartment? Is that what I am hearing? Where the heck is that, that's pricey.

[@mhodge0890]

Why would the price be so much different for the same place

[@Lon1001]

The public school system, and parents in general, are failing kids by not teaching some basic legal concepts such as what a contract is.

[@trucker2323]

I thought Dave will ask How much credit card debt do you have?😂

[@paulsmith9198]

Typical college town landlord. High demand, so they make the rules. You commit for next year, right now, or we're putting next year's lease on the market and will have someone locked in by the end of the day. It sucks, but is completely legal. Happened to my daughter. Even though she dropped out, she worked in that town for the next year as she was already committed.

[@dudeorduuude5211]

That lease discount is likely an incentive to draw new tenants. I would still ask, but the building owner is entitled to do this.

[@msxeunybunxy]

I just don't understand why they are renting there. It's way too expensive for anyone, especially college kids. If there was nothing cheaper, I'd think about living on campus. Might be a little embarrassing for an upperclassmen, but it would be cheaper and easier just to have everything you need on campus.