There's a reason why I have a monthly event on my calendar titled "landlord idiocy check", and it's not because I have a high opinion of them. I'm just gonna assume that they're insane/constrained in dumb bureaucratic ways. Maybe the guys in charge are far away? I think in my apartment complex the actual management company is in Ohio, which was a huge pain the last time I tried to go up the management chain to bitch.
I don't get where you get the $7k number for savings, though, though - shouldn't it be around 411 * 12 + 1000 ~= 5900 - early termination fees? Personally I'd move for a $6k difference, but I'm not sure if I would for $3k.
I keep getting muddled on the numbers, but 2gouda4u has worked it out, and $7000 is about right, though it doesn't account for the frictions of moving (switching costs for phone and internet, etc).
The extra $1200 comes from the 2/3 of a month (or so) of rent on our current apartment's lease we won't wind up paying if we move. Staying in this apartment means paying 3 months more rent on our current lease, whereas cutting and running means paying whatever portion of May we're here (approximating to 1/3 of a month) plus two months' penalty. Hence the 2/3 of a month savings.
Of course, these calculations only work if we'll be out of this complex by this time next year, else the two months of rent we would blow on this we'll have to pay for again next year.
Ask them but by all means move. If someone had come to you, before this all started and said "I'll give you 7K if you move next door", you probably would have just said "thanks!!!" and done it.
Also, nice digs! The difference in the payments is more than my total rent ><.
I was thinking about this this morning in a half awake haze. I bet that there's some sort of per-unit tracking on how long a unit remains vacant/unsold which is reported to real estate agents. So, even though functionally your apartment is the same as the one you'd be moving to, it would be a new fresh real estate listing which is more likely to sell.
Most cities seem to have are all kinds of crazy rules, regulations, and taxes that apply to landlords and make no sense at all. I bet one of them is resposible, but I can't offhand think of what it might be.
I think you should hire a professional moving company (or at least a couple of illegal immigrants) with part of your windfall.
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I don't get where you get the $7k number for savings, though, though - shouldn't it be around 411 * 12 + 1000 ~= 5900 - early termination fees? Personally I'd move for a $6k difference, but I'm not sure if I would for $3k.
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Of course, these calculations only work if we'll be out of this complex by this time next year, else the two months of rent we would blow on this we'll have to pay for again next year.
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Also, nice digs! The difference in the payments is more than my total rent ><.
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I think you should hire a professional moving company (or at least a couple of illegal immigrants) with part of your windfall.
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