In addition to being a full time realtor for sales, I also have rental properties myself, and help a few clients rent out their investment properties.  Right now rentals in the Silicon Valley are hard to come by. There are many more potential renters than there are available homes.  Rentals that allow pets, or that are close to universities are especially popular.  So if you are trying to rent one of these properties here is a little hint: Don't try to get the price lowered when you can see that you are in competition with many other parties.

I have a rental property in Santa Cruz that is close to the university. The students who had been there for 3 years left and so I had a rare opening. 1 day on Craigslist produced 6 potential groups of students who wanted to rent.  One of the groups included 2 very cute and obviously bright female students.  After viewing the home they asked me to lower the rent by $200 a month. I politely declined and rented it to another group.

The next day they got back to me and asked if it was still available. This was probably their first time looking for rentals and I hope they learned a lesson.  It may be ok to bargain for a commodity that is in overabundance, but don't do it when the product is scarce.

 

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

650-619-9285

D.R.E.  01191194

Marcy Moyer Keller Williams Realty Palo Alto, Ca. Specialist in Short Sales and Trust and Probate Sales

 

 
Posted by Marcy Moyer C.D.P.E. on 08/14/2011 10:49 PM   Comments (2)   Rentals in the ActiveRain Channel   silicon valley rentals, how to rent in palo alto, how to rent in mountain view, marcy moyer  
Short URL: http://actvra.in/gJY
This post has been included in California Real Estate News Santa Clara County, CA Real Estate News
Post is included in group: Club Chaos
Post is included in group: Keller Williams 'Rainers
Post is included in group: Posts to Localism
Post is included in group: The Ninety-ninth Percentile

2 Comments on When The Silicon Valley Rental Market Is Tight, Don't Try to Haggle on the Rent

AUG
14
2011
797,342 Points 5 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

I have seen this happen in the Cupertino Schools area, too. Renters don't realize it's not like a lot of other places-until they don't get the rental.
10:53pm • #1
AUG
15
2011
294,410 Points 6 Featured Posts Attended Rain Camp Called Shot Master

Marcy, in this housing market the rental fees are increasing and your advice needs to be heeded. These young girls learned a valuable lesson and I wish them good luck with their next available rental.  Having a child at UC Davis, I was surprised to find out that landlords there demanded a deposit in February for housing starting in September.  Especially in college towns and near UCs students should be lucky if they find something nice so close to the start of a new school year.

morgan hill real estate
11:24pm • #2


What does the graphic say?
Leave a response…

(optional)
Spam Prevention:
 
Mock-m Rainmaker_large

Marcy Moyer C.D.P.E.

Palo Alto, CA

More about me…

Keller Williams Realty Palo Alto Probate & Trust Specialist

Address: 505 Hamilton Ave Ste 100, Palo Alto, Ca, 94301

Office Phone: (650) 619-9285

Cell Phone: (650) 619-9285

Email Me

Up to date information on real estate in the Silicon Valley and greater San Jose/San Francisco area.
Contact Me
Interested in selling your home? Contact me to get a professional estimate.
Profile picture for marcymoyer
Marcy Moyer
Call: (650) 619-9285
web statistics

Visit Short Sale Superstars


Listings

Links

Archives

RSS 2.0 Feed for this blog