charlottesville rentals: Area Tenants Want LONG TERM LEASES @ a DISCOUNT?! Good Luck!!! - 12/17/09 10:55 PM
Many new-hires coming into the area know their length of stay with their employer or school term and they want to sign long-term leases for 2 to 3 years and they are asking for a discounted rent.....they are SURPRISED when I say NO and NO!!!
Just like with a fixed term COMMERCIAL lease, there are escalating landlord costs with RESIDENTIAL properties also * taxes, insurance, HOA costs, repairs and maintenance.  To DISCOUNT the rent 2 or 3 years in ADVANCE of KNOWING these costs puts the property owner at an EXTREME disadvantage.  While the ATTRACTION of having a KNOWN resident (income … (3 comments)

charlottesville rentals: 2009 WILL Be Better for Central VA Real Estate - 12/20/08 01:02 AM
It''s hard to think of this as possible when local "tabs" are printing articles about local Realtors and RE appraisers having their properties in foreclosure; however, the Central Virginia area will fare much better than many areas of the country in 2009.
The "We're Hiring" signs are out EVERYWHERE....the new Topeka Steakhouse in front of the Hilton Inn @ Pantops started their hiring efforts almost 6 weeks before their scheduled opening and fully expected to have to bring staff from their Richmond restaurant until fully staffed.
Although some restaurants on The Downtown Mall have suffered economic hardships from poor parking and … (3 comments)

 
Wallace S. Gibson, CPM, LandlordWhisperer  (Gibson Management Group, Ltd.)

Wallace S. Gibson, CPM

LandlordWhisperer

Charlottesville, VA

More about me…

Gibson Management Group, Ltd.

Office: (434) 825-1933

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