8 Things You’ll Regret Not Asking Your Landlord Before Moving In

 
 

Moving can be stressful.

Beyond the mind-boggling logistics of moving all of your stuff (how is it that you really don’t notice you’re accumulating that much stuff until you have to box it up?!), there’s the added part of having to deal directly with the law as well as navigating a whole other myriad of systems built to not benefit you, the tenant. To put it lightly, it’s quite easy for even the most prepared of renters to slip up somewhere along the move-in process. One of the most common “oh shoot” moments? Forgetting to ask your landlord an important question before signing the lease.

I believe that one of the most powerful learning tools we have is each other, so, in this light I have asked my noble colleagues to come forward and speak to these “If only I had thought to ask!” moments. From small maintenance-related troubleshooting to money-saving tactics, here are the eight questions that would have saved us down the line:

1. Can we negotiate a maximum rent increase for resigning the lease?

Gen X had Ross and Rachel as their great “will-or-won’t they” relationship. For Millennials, it seems like it might be, “Is my landlord going to raise my rent when my lease is up?” But here’s a fun tip: You can get yourself out of this renter’s Schrödinger’s Cat paradox simply by asking your landlord as soon as possible—as in before signing the lease. Caroline Ammarell, AT’s senior manager of content strategy and analytics, says she regrets not asking her landlord to include a maximum rent increase for the following year’s renewal in her previous apartments’ leases. For her current apartment, she not only asked her landlord before signing, but was even able to negotiate the figure. Not only has it allowed her to better plan ahead, but she figures it’ll probably save her some money in the future.

2. Can we add a rent-responsible clause?

One thing Nicoletta Richardson, our associate senior news editor, regrets not asking for an old apartment? The process, penalties, and accepted situations for breaking a lease. Knowing your potential exit strategy up front can save a lot of time and frustration if you end up having—or wanting—to move.

Besides going over the lease-termination specifics, Jose Castro, AT’s director of operations, also recommends asking your landlord if you can include a rent-responsible clause in your contract. While you’ll normally have to pay your landlord a penalty to break a lease, this addendum states that you’re responsible for finding a replacement tenant, and if you succeed, you suffer no penalty. Even if you’re not planning on having to break your lease mid-year, it’s a good thing to include—your future self might thank you.

3. What the “actual rent” is on the lease?

Unfortunately, some landlords can be trying to pull tricks—at least that’s what happened to Laina Zissu, AT’s programmatic sales and strategy manager. On her last lease, she discovered that though she signed the lease at market value—the “actual rent” on her lease was almost double. Though her building was rent-controlled, this caveat meant that her landlords technically could raise her monthly rate up to that figure on the lease. The best way to avoid this happening? Simply ask to confirm that the actual rent is the same as what you’re paying each month.

4. Are there any improvements to the unit that the current tenants are planning to take?

You’d be surprised what safety measures your landlord has to install for you—and what you’re responsible for. Case in point? Though Nicole Lund, our associate commerce editor, saw a deadbolt in her apartment in her viewing, she didn’t learn until after she moved in that the previous tenants had installed it and subsequently took it with them. If Lund wanted the extra security measure, too, she was told it was her responsibility to purchase and install. Prevent ending up like Lund and confirm that what you see in your viewing is what will be in the apartment on move-in day.

5. What’s your cell number?

When Richardson first looked at her current apartment, she noticed the unit had some unfinished upgrades. She brought them up to her landlord who assured her they would be taken care of by the time they moved in. Come move-in day, though, some projects weren’t completed, like turning the gas on. She e-mailed the landlord and he said he’d get someone to come the next day. So Richardson worked from home to let the person in; however, when he got there, it turned out that the gas switch was not easily accessible. The two of them went to call the landlord for information—but they realized they only had his work number and he wasn’t in the office. It eventually was all worked out, but it was a headache that could have been solved had Richardson asked for his direct line before moving in.

6. Are you planning on making upgrades to other units anytime soon?

Here’s a story: Two weeks after Jean Simon, web engineer, moved into her current apartment, she found out that the three other empty units in her building were getting their carpet and replaced with hardwood floors—but not hers! She regrets not asking her landlord if there were any plans to upgrade units in the building, because she would have delayed her move-in date or made arrangements to accommodate floor installation. Now, she’s stuck with carpet until she moves out.

7. What’s the unit’s maintenance history?

When Drew Wilchak, AT’s desktop support technician, moved into his current apartment, he noticed that his stove wouldn’t catch a flame. As it turned out, the gas had been shut off in his apartment while the unit was unoccupied due to a leak. Long story short, the issue took six whole months to fix(!).

Had Wilchak taken a note from many homeowners and asked about the unit’s maintenance history before he signed the lease, he might have avoided cooking on a hot plate for half a year and the headaches of coordinating with his management company. Knowing if the unit has had any problems in the past or if it’s been awhile since it’s seen maintenance can help you prevent future inconveniences (or pass on the unit if it seems problematic!)

8. What are the average cost of utilities for summer and winter?

And here’s my own regret! Who would have known that while having central air and heat is a life-saver, it’s also super expensive in the summer and winter, and suprisingly so? I surely did not, and therefore did not budget well enough for those months (eek!) I would have, though, had I taken senior product manager Jane Hunt’s advice and asked my landlord what the average cost of utilities were for the summer and winter months.

Get more advice on Apartment Therapy.

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Is The Real Estate Market Finally Stabilizing in Oregon?

 
 

By now, you've likely seen headlines indicating a change is taking place in the real estate market, both nationally and locally.

It's true. A shift is happening. But the sky is not falling. In actuality, the market appears to be stabilizing, or correcting, and that means buyers have a window of opportunity after experiencing two years of a frenzied seller's market.

Let's dig into what's really happening.  

Many factors can cause a shift in the housing market, but a couple of key influences right now are inventory and mortgage rates. In May 2022, the month's supply of inventory was up 47% in Bend. New listings also increased in May, by close to 6% month over month. And while mortgage rates remain historically low, the near doubling since the beginning of the pandemic has caused some hesitation and altered budgets for some buyers. 

As buyers become more hesitant with rates and as more inventory becomes available, the market begins to shift more in favor of buyers. Some sellers can wait to sell their homes, but others may already be pending on a new home or have other reasons for needing to sell quickly, which can result in price reductions. According to the MLS, price reductions of local residential listings increased by 43% in May, with an average increase in price reductions at27% from January to May of this year. 

If you are in the process of reentering the market or even just contemplating whether you should, here are a few suggestions to think about.  

First and most importantly, timing, rates, and other economic factors may never be perfect, but buying a home has been and still is a great long-term investment. Though home prices fluctuate up and down with the economy, over time your property will appreciate. Do you wish you would have bought in 2008/09? Do you wish you would have bought just before the pandemic began? Just about everyone can say they wish they would have bought back then, whenever "then" may have been. Prices will never be the same when you look back. 

The second piece of advice is to evaluate your current situation. Are you renting and paying someone else's mortgage? Talk to a local lender to see what your options could be for buying a home and earning equity. It could be possible, but you won't know until you start the process. Maybe you own your home but are looking to downsize or upsize. Getting acomparable market analysis prepared by an expert real estate broker is your first step.  

Lastly, consider reexamining your mindset regarding what kind of home you want. We all want the dream home that checks all the boxes. But retraining your brain and shortening your list of must-haves can save you a significant amount of money in the long term. Instead of looking for the perfect colors, granite counter tops and beautiful landscaping, look for the perfect lot, your ideal location, and a layout you can live with. The cosmetic stuff can always be changed, and a lot can be done yourself! 

Bottom line? If you're a buyer looking to reenter the market, now is a great time. Partner with an expert who can help you capitalize on this window of opportunity.  

Learn more on The Source Bend.

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Here Are Our Favorite Coffee Shops in Central Oregon

 
 

October 1st is International Coffee Day, but we love coffee every single day of the year.

From meetings with clients to a quick pick-me-up before showings, there is nothing a Realtor loves more than a good cup of coffee. Here is a list of some of our absolute favs.

Palate Coffee Bar
Bend, OR

“Love their cardamom latte and chai too…and there is something about the being in the tiny old structure that literally makes me love that it’s raining outside or WISH that it was lol.” - West + Main Agent Jenelle Brewer

 
 

The Commons Cafe
Bend, OR

“The Commons downtown for a great cappuccino. Charming old features inside or cozy downtown outside patio when the weather is nice.” - Greg Fischer, owner of West + Main Oregon

Tumalo Coffee House
Bend, OR

“The best quiche and any occasion pies, plus their Goldenmilk Latte!!.” - West + Main Agent Samantha Osborne

Sparrow Bakery
Bend, OR

“Really good coffee, amazing pastries!” - West + Main Agent Ann Winfrey

 
 

Thump Coffee
Bend, OR

“I love their storm king hot coffee!” - Julie Robertson, West + Main Brand Manager

 
 

Kevista Coffee
Bend, OR

“My favorite local coffee is Kevista on Century. 16 oz latte no foam. Comfortable atmosphere and a fun place to meet clients and friends. Great selection of both savory and sweet treats.” - West + Main Agent Brandee Remley

“I love their spicy chai and paninis!.” - West + Main Agent Samantha Osborne

Which coffee shops did we miss? Let us know!

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The Type of Renovation You Need to Save Up for, Based on Your Home’s Age

 
 

Buying a mid-century marvel or a 1970s fixer-upper sounds like a dream at first.

Just the very thought has us picturing stained-glass windows and groovy fireplace tile, but these decades-old homes often come with a tough reality: repairs. Not all houses are created equal. The type of upgrades your place will need (either now or in the near future) is largely dependent on when it was initially built. According to the 2022 U.S. Houzz and Home survey, homeowners with places constructed between 1961 and the early 2000s will invest around $20,000 in their spaces, which is 11 percent over the national median spend on a renovation. 

And while that’s a daunting figure, knowledge is power. Houzz put together a list of the types of upgrades you should expect to splurge on, based on a property’s age. Read this before you decide to put a down payment on that charming ranch or quirky split-level.

If It’s Pre-1960s

Get your ladder ready. Twenty-six percent of respondents who own a house that’s 50 years or older said they spent their resources on upgrading or replacing their roofing. Coming in at a close second, 25 percent shared they invested in new windows or skylights.  

If It Went Up Between the 1960s and 1970s

While 1970s-inspired decor might be all the rage right now, 29 and 28 percent of people living in places from this era allocated their budgets to gut kitchen and bathroom renovations, respectively. If you find yourself in this boat, we suggest swapping your dated wood cabinets and pastel sink for timeless Shaker cupboards and a value-boosting farmhouse sink.

If You Scored a Home From the 1980s or 1990s

For more recent builds, the focus is on functionality. Updating plumbing systems accounts for 26 percent of people’s spending, while 25 percent have focused on adding home security like electronic alarms and window locks.

If You’re Living in the 2000s and Later

Even new construction doesn’t always cross off every box on a potential buyer’s wish list. Fifty-nine percent of those polled plan to dedicate their savings to little luxuries, like sprucing up their outdoor space’s irrigation and lighting. Inside, they’re adding smart thermostats and integrated speakers. With enough care, your home will age gracefully.

Visit Domino for more info.

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Can Your Landlord Raise the Rent More Than Once Per Year? Here’s What Experts Say

 
 

No matter where you live, there’s a solid chance your rent has risen in the past few years.

Rent prices increased in 79 of the largest 100 U.S. cities during the month of August, according to Apartment List’s most recent national rent report. And so far in 2022, rents are up 7.2 percent — but year-over-year growth has slowed to 10 percent, down from 18 percent at the beginning of the year.

Still, you’ve probably come to expect that by the time your lease renewal notice comes around, you’ll receive a rent increase should you choose to renew. But given that rental vacancies are lower than usual (this could be because high interest rates are sidelining would-be buyers) and the rental market is hot, could your landlord pounce on this opportunity to raise your rent multiple times in one year? 

The answer is a resounding “probably not.” But really you need to look to your lease agreement for the most definitive answer.

If your lease provides for a mid-year increase, then yes, your landlord can increase the rent, explains Steven M. Katz, Esq., an attorney in Columbus, Ohio with Katz, Pryor & DiCuccio LLP, who specializes in contract law and landlord-tenant law. But if your lease is silent on this topic, then no, your landlord can’t unilaterally raise your rent. 

“For the landlord to raise rent in the middle of a lease, that would constitute a modification of the contract,” Katz says. “To modify a contract there must be consideration given by both parties. For example, if the tenant is behind on rent, the landlord may offer to forgo an eviction in exchange for a raise in rent moving forward.”

Despite these binding contracts, it’s not unheard of for some landlords to try to raise rent on unsuspecting tenants. And the protections that are in place could vary by state laws and city ordinances. For this reason, Katz recommends that renters be familiar with tenant rights, laws, and protections in their home state. 

If you think there’s been a breach in contract, you can start by contacting your local tenants’ rights organization, which should be well-versed on the local laws in your area, says Leonard Ang, the CEO of iProperty Management, an online resource guide for landlords, tenants, and real estate investors.

One more thing: If you go to renew your lease and you’re presented with a rent increase, you may have some negotiation power — especially if you’re a good renter with a strong on-time payment track record. 

“Rent is always negotiable, and smart renters know to ask for what they want, especially with a new lease or a renewal,” says Jonas Bordo, the CEO & cofounder of Dwellsy, a home rental platform. “Maybe a deal is possible… higher rent in return for new appliances or an extra parking space, for example, might be a deal that would benefit both you and your landlord.”

Keep learning on Apartment Therapy.

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If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.

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