caro822

caro822 t1_izuxm0i wrote

That is super shady that they won’t put anything in writing. The way I was trained was everything needs to be in writing. Have a conversation covering policy/complaint? Follow up with at minimum an email, if not a letter to the door, summarizing the conversation. Resident has an issue? Put it in writing in their memos, then notify them that it was noted and in their file.

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caro822 t1_izurwze wrote

So, at my job, soon as the law was enacted over the summer, we had it apply to all leases. So even if someone had a lease that said 60 days, we only required 30. Again, my company’s main deal is “what will hold up in court?” If there’s precedence of a judge ruling with the tenant they stop enforcing a rule.

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caro822 t1_izo4lzs wrote

So, with the company I personally work with, they told us that the law overrides the lease. This is because, if this goes to the housing court, the judge will side with the law, not the lease. The corporate office knows this, and if you push them, if they’re not stupid, they’ll follow the law.

Most of our policies are based on what will stand in a court vs. what we want to do. Like, my company used to charge $50 for a parking permit that wasn’t returned. But during COVID, the Baltimore judges stopped letting landlords charge for that because, “is a sticker worth $50?” No, it’s worth $.02.

Also, another pro tip, if you’re ever charged for damages, ask for the invoice. If it was done in house (trash removal is a big one) they can’t charge for that anymore. If there isn’t an invoice, you can contest the charge, and you will win.

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caro822 t1_izmjuyc wrote

This is true, but legally, once the application is submitted it isn’t “pending.” The applicant has that apartment until the application is reviewed. Letting others apply or look at the resident who might be a “better” applicant is against fair housing. It’s all to provide protections for protected classes.

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caro822 t1_izmjfe1 wrote

Nope. The lease can say whatever it wants. But it doesn’t mean anything if there is a law that directly contradicts it, like in this instance. So basically, if they’re giving you shit about not giving 60 days notice, just refer to the law. If this goes in front of a judge, the property managers case would be thrown out, and really that is the only thing that matters.

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caro822 t1_izmil69 wrote

Due to fair housing the second a completed application is put onto an apartment that apartment goes off the market. What happens a lot is, after the app is looked at ( income and rental history verified etc…) they are approved or denied. If they are denied that apartment goes back on the market. Or the applicant changes their mind and cancels the app. Or the current resident changes their mind several times about if they’re leaving. Anyway, that is very common and not happening for the reasons you think.

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caro822 t1_izmhxvo wrote

Jared Kushner’s company bought a lot of Property’s. Lots of mid-sized property mgmt cos are just a bunch of rich people buying a portfolio of properties, hire a mgmt company to oversee them, do shitty renovations, jack up the price, then sell 5 years later once they priced out all the old residents and the property needs repairs for their shitty renovations.

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caro822 t1_izmgccn wrote

What info specifically? The laws? Those are on the internet. For the pricing? Go onto the property website, and click the thing that says Floor Plans or Availability. Once you’re on a particular apartment you can usually see how different move in dates affect the price. Some have a “pricing calendar.” The day you move into what apartment for however long changes the price. Also the leasing consultant at the property will be able to tell you.

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caro822 t1_izmcltu wrote

What we’re told is that the algorithm looks at the occupancy, the tours/traffic/ the applications and what our comps are pricing at and then sets the price Every days.

This is different in the past, where on Monday, everyone would call their comps and get this information and pass it off to the regional managers who would set the prices for the week. Now this is happening on a much larger scale every single day so there’s not a human behind it and the prices can go up 31 times a month instead of 4.

What happened in my last property is that the prices went up $250 over the summer due to the algorithm and my property manager had to contact multiple people to course correct because those prices were affecting our renewals. Moral of the story is the prices should have never been that high, but because of some math equations many people were paying $200-300 more than their neighbors for the exact same apartment.

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caro822 t1_izmablo wrote

Source: Am an APM at an ok high rise in central Baltimore. Yes and no. We all do market surveys to see what other people are offering/what the specials are etc… But honestly, we just call because we’re too lazy to look on the websites.

Market Surveys used to be used for “competitive pricing” but we’re all switching to systems like Rent Max that get the data of what the apartments are going for every day and set our prices. So we’re not price fixing anymore, it’s a large, billion dollar multi-national corporation that does it for us. One of the big companies that does this is also being investigated by an AG because of this shit. This is why apartment prices have gotten so high, because they are changed daily to constantly have the highest possible price (and to price out section 8, but I digress).

Also, we need to “shop” other properties so that we know what our comps are. Like Yes, this property down the street has XYZ but we have ABC. It also is a teaching tool for learning how to lease.

But yeah, since 2019, the cost of the extract same 1 bedroom, with no renovations No nothing, has gone up $300-400. And that’s just in Baltimore city. It’s not much better in the rest of the state from what I’ve heard.

But yes this is all completely legal. And anyplace that isn’t a private landlord is doing this. Apartment companies like Buzzuto/Morgan/Southern/WPM are some of the largest employers and housing developers/landlords in the state. They leave and a lot of money for the date and the politicians pockets are gone.

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