Comments on: The Story of the $300 Deposit, or: Looking for Apartments, Update 6 http://www.consumerismcommentary.com/2006/09/11/the-story-of-the-300-deposit-or-looking-for-apartments-update-6/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Sun, 08 Nov 2009 07:50:42 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: savvy saver http://www.consumerismcommentary.com/2006/09/11/the-story-of-the-300-deposit-or-looking-for-apartments-update-6/#comment-64144 savvy saver Sat, 23 Sep 2006 17:49:57 +0000 http://www.consumerismcommentary.com/2006/09/11/the-story-of-the-300-deposit-or-looking-for-apartments-update-6/#comment-64144 This post reminded me of a website I read about two years ago about making money as a landlord. One of their suggestions is to list one apartment below market value and charge non-refundable application deposits (because the apartment is undervalue you will have a lot of applicants). Then you were supposed to upsell them to other apartments or just deny their application. Either way, sounded pretty shady to me. This post reminded me of a website I read about two years ago about making money as a landlord. One of their suggestions is to list one apartment below market value and charge non-refundable application deposits (because the apartment is undervalue you will have a lot of applicants). Then you were supposed to upsell them to other apartments or just deny their application. Either way, sounded pretty shady to me.

]]> By: John http://www.consumerismcommentary.com/2006/09/11/the-story-of-the-300-deposit-or-looking-for-apartments-update-6/#comment-61980 John Fri, 15 Sep 2006 01:03:50 +0000 http://www.consumerismcommentary.com/2006/09/11/the-story-of-the-300-deposit-or-looking-for-apartments-update-6/#comment-61980 When I find myself getting lost in a telephone maze, I consider switching to faxes. It's hilarious and feels good to document these kinds of scams via fax. As people let you down, their name, date, and promises enter the trail of failures. Faxing each worsening step to everyone involved has a lot of power, too. Nobody wants to show up in the snowball. And faxes are easy to send to long lists of machines, including upper-management. The more machines the better. It becomes much harder for people to blow you off as they can do verbally. When I find myself getting lost in a telephone maze, I consider switching to faxes. It’s hilarious and feels good to document these kinds of scams via fax. As people let you down, their name, date, and promises enter the trail of failures. Faxing each worsening step to everyone involved has a lot of power, too. Nobody wants to show up in the snowball. And faxes are easy to send to long lists of machines, including upper-management. The more machines the better. It becomes much harder for people to blow you off as they can do verbally.

]]> By: Noumenon http://www.consumerismcommentary.com/2006/09/11/the-story-of-the-300-deposit-or-looking-for-apartments-update-6/#comment-61126 Noumenon Wed, 13 Sep 2006 11:19:33 +0000 http://www.consumerismcommentary.com/2006/09/11/the-story-of-the-300-deposit-or-looking-for-apartments-update-6/#comment-61126 You should edit this post to include the word "sucks" and "scam" because those are the words I Google when I'm trying to check out the reputation of a company. You should edit this post to include the word “sucks” and “scam” because those are the words I Google when I’m trying to check out the reputation of a company.

]]> By: Flexo http://www.consumerismcommentary.com/2006/09/11/the-story-of-the-300-deposit-or-looking-for-apartments-update-6/#comment-60910 Flexo Tue, 12 Sep 2006 03:52:02 +0000 http://www.consumerismcommentary.com/2006/09/11/the-story-of-the-300-deposit-or-looking-for-apartments-update-6/#comment-60910 I deposited the check after banking hours today. I am hoping this saga is over. I deposited the check after banking hours today. I am hoping this saga is over.

]]> By: ib http://www.consumerismcommentary.com/2006/09/11/the-story-of-the-300-deposit-or-looking-for-apartments-update-6/#comment-60884 ib Mon, 11 Sep 2006 21:23:43 +0000 http://www.consumerismcommentary.com/2006/09/11/the-story-of-the-300-deposit-or-looking-for-apartments-update-6/#comment-60884 deposit it quickly!!! deposit it quickly!!!

]]> By: D http://www.consumerismcommentary.com/2006/09/11/the-story-of-the-300-deposit-or-looking-for-apartments-update-6/#comment-60878 D Mon, 11 Sep 2006 19:33:24 +0000 http://www.consumerismcommentary.com/2006/09/11/the-story-of-the-300-deposit-or-looking-for-apartments-update-6/#comment-60878 I think the check will clear, you are one of the lucky ones. I have heard much worse from people dealing with Inland in my area (Chicago, IL). They don't have a good reputation and yet they continue to profit and manage a huge chunk of our areas real estate rentals. There are laws about this sort of thing. In Illinois I believe there is a 45 day turn around for the money used as security. I am not sure what New Jersey is. The way the courts work if a landlord does not follow the rules and can be found at fault (which is easy - they don't expect the tenants to know the law, only the landlords) the tenants attorney and fees would be the responsibility of the landlord. It is very easy to win as a tenant in Illinois and I would believe this is the case in other states. This is probably the main reason they moved after you said attorney. Anyway, glad it worked out. I think the check will clear, you are one of the lucky ones. I have heard much worse from people dealing with Inland in my area (Chicago, IL). They don’t have a good reputation and yet they continue to profit and manage a huge chunk of our areas real estate rentals.

There are laws about this sort of thing. In Illinois I believe there is a 45 day turn around for the money used as security. I am not sure what New Jersey is. The way the courts work if a landlord does not follow the rules and can be found at fault (which is easy – they don’t expect the tenants to know the law, only the landlords) the tenants attorney and fees would be the responsibility of the landlord.

It is very easy to win as a tenant in Illinois and I would believe this is the case in other states. This is probably the main reason they moved after you said attorney.

Anyway, glad it worked out.

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