Never sign anything under pressure.

SHORTCUTS TO SUCCESS

The best lesson my Dad ever taught me is "Life isn't fair." It's true.

This young man is getting an education outside the classroom. He is learning about human nature, law, personal responsibility and consequences of our decisions.

Caller - what if you signed for 1k and then a few months later the same unit was renting for 250 MORE and landlord knocks on the door saying so you need to pay 250 MORE. Im sure you would stand behind your lease.

It's real simple, at the time he signed his lease contract, the price was higher. As we close in on the new school year, the landlord has a few vacant rooms remaining, and so he has to lower the price on those units to get them filled before the school year starts 🤷🏻‍♂️ A real important lesson to learn in life, NOTHING, and I do mean NOTHING, has a fixed value. Everything is only "worth" what someone else is willing to pay you for it in that moment.

Buying a stock is easy but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stock to buy now or put on a a watchlist? I've been trying to grow my profilio of $560k for sometime now, my major challenges is not knowing the best entry and exit strategies..... i would greatly appreciate any suggestions.

Breaking news: Landlord sides with other landlord. In reality though, price fluctuations are a part of life.

Welcome to life. Look on the bright side. This experience most likely gave you more business insight than some of the classes you are taking.

Before I rented an apartment in Chicago the landlord said..."this is our only unit available...get it before someone else comes." After i moved in i told the maintainance guy that i was lucky to just get the last unit. He laughed and said "That's what they told you huh!"

Father of a college student here. This happens in every major college town in America. There is a rush for next school year leases from fall to spring. Then in the summer when they have a few apartments left for August move in, they reduce in hopes to get to 100% capacity. Nothing wrong or shady here.

Im a property manager. What probably happened is they were preleasing for the next school year at that higher rate when they could get it and now that the school year is almost upon us and they are trying to get the left over units leased quickly before they miss their last window of opportunity.

Plot twist, ramsey owns his apartment lol

The general rule of thumb is never buy or sign anything when the other side is putting a very short time constraint. Intentional or not, the situation pressure you to making a decision now without all the facts. If you can't afford to wait and risk lossing that appartment then obviously that appartment is was worth what you signed for to you.

Anytime someone tells you that you have to act now, reserve it now, buy now or lose the special deal. I walk away. And try calling back 2-10 days later. And ask if they have any specials below what you were originally estimated. 3 out of 5 times they will give you a lower price. And only 1 out of 30 times did i actually lose the product

My only wish is that everything will work out before my partner and I are prepared to buy our first home. worrying that lower rates will result in higher home costs.

Lesson learned about the not signing anything under pressure. But I can't help but feel there's a disconnection I don't often see here - with the 6 hours pressure. That sounds like foul play, 6 hours or you potentially can't stay in your home is a hugely anxiety inducing action. They have your back up against a wall, and say do it now or a bad thing could happen. I'm sorry, maybe they "didn't legally do anything wrong" but using your position to bully someone to make a bad decision for themself doesn't sit right with me

This happens in college towns bc of supply & demand. The rates go up right before school starts bc everybody is looking for places to live all at once before fall semester starts. Then if they have availability later on when lesser demand they might do different deals.

I suspect the landlords KNEW the rents would be going down and clearly used high pressure tactics. Anyone who says you have 6 hours is not being reasonable. But good luck prevailing in court. An important lesson.

4 roommates@$1,015 a piece = $4,060 a month for an apartment rented to college students. Wow!

College rental is often a 10 Month rental, which often equates to higher rates to cover those 2 months that a unit often sits empty. The special offer could be for 12 Month Leases.

Dave Ramsey deals in investment properties and makes money off of them and this guy calls looking for sympathy 🤣

Gen Z says wwaaAAAAAAAAAAaaaaaahhhh my feeEEEELLLings….

Market conditions change all the time. Sometimes I will offer a rental unit for $X. Sometimes I will offer the exact same place for 20% less. Sometimes I will offer the exact same place for 20% more. It depends on if I have tons of interest and 5 people applying or it's been 1 month since the last time anyone wanted to look at it. Same applies when retailers put items on sale or decide to charge full price. It's the same item, but the degree of popularity helps determine who gets what.

Thats cute that a college student thinks landlords lease out similar units in an apartment complex for the same price.

He should leave a bad review when he leaves about the pressure they put on him to sign at the higher price. The landlord knows he wasn't going to go anywhere, so he took advantage of that.

The caller is young, he just learned a hard lesson.

I am not sure the laws in his state but in NJ where I am the landlord must give 30 days time to resign a lease.

I suspect the when the rental company made that original "have to sign now or we can't guarantee you can stay here" statement they knew they had many vacancies. And that's slimy, but not illegal. Kids just paid some tuition in the school of life. I hope they took good notes. Plenty of other slimeballs out there.

My college landlord left holes in our roof and sewage in our basement for months and refused to do anything till we got a lawyer.

lmao their faces at the beginning

$4k a month for an apartment with 3 roommates. This is student housing. They are a complete rip off.

I am moving very soon. We are tired of paying close to $1,725 per month plus utilities for renting a three bedroom apartment.

By signing early for a higher price you ensured you had a place to live that you liked. There's a premium on that compared to getting something at the last minute which may be cheaper but you may not like so much. Them's the breaks.

It’s not illegal, but it does seem a little unfair. 6 hours is extreme. (Landlord here btw)

They were just offering a one-year special deal to get new people in the door, and put them in the same situation to call her was in. All first-time customers get a deal at a lot of locations or businesses

He paid for the guarantee that the apartment would be theirs in the future. If he decided to wait and the tent went up, I guess he would call and want the cheaper rent from before in that case you. “Market price” is a time function. He signed the lease at the market price when he signed. The going rate at that time.

This happened in my very first apartment. I didn’t sign the new lease, and at the end of my lease they offered me to renew with the same offer from before

What could have happened is the demand changed so the priced changed. Before the school year when everyone is looking for housing the demand is high. And now everyone has started and has housing the demand drop so the price dropped.

Imagine being the hourly employee and 4 hyped guys come in talking about how they are being ripped-off. Demanding that the rent be reduced. Option 1 is telling them they signed and must pay. Option 2 is to agree. for $15.00 per hour what would you do?

😂😂😂😂FOMO! I stopped making impulse decisions years ago. He panicked, regrets it and he’s looking for a way out even though he knows there isn’t one. We all have a similar story…it used to be called “Bought Sense.”

“When the day’s work was over, the owner of the vineyard instructed his foreman, ‘Call the workers in and pay them their wages. Start with the last hired and go on to the first.’ “Those hired at five o’clock came up and were each given a dollar. When those who were hired first saw that, they assumed they would get far more. But they got the same, each of them one dollar. Taking the dollar, they groused angrily to the manager, ‘These last workers put in only one easy hour, and you just made them equal to us, who slaved all day under a scorching sun.’ “He replied to the one speaking for the rest, ‘Friend, I haven’t been unfair. We agreed on the wage of a dollar, didn’t we? So take it and go. I decided to give to the one who came last the same as you. Can’t I do what I want with my own money? Are you going to get stingy because I am generous?’ Matthew 20:8-15 MSG

The landlord could have worded it differently. What they were saying was “sign at this rate now (exclusive rights) or it becomes open to the public”

The apartments available at a lower rate may be because somebody had signed up to lease. Them lost a $4 to $8,000 deposit and so now they are renting them at a discount rate because they've already made up the profit through somebody else's broken lease.

You signed the deal, live up to it. No different than an athlete signing a multi year contract and then being unhappy two years into the contract due the market changing.

What disgusting tenants. I have no sympathy for them. I hope that the landlord doesn't lower the rent.

He wouldn’t be trying to get the current deal if they had the lower cost while new people pay more. He made his decision at that time. When lease is up, move if unhappy but he will be moving a lot constantly comparing to others.

So …if the market goes up and they charge other renters more, can they charge the caller more?

My guess? EVERYTHING is done online nowadays. Very likely that they received notice to renew days/weeks before, which had a "due by" date. On the final day, the landlord notified them that they needed to have their renewal completed by the close of business or the unit would be made available to others. College market rentals are different that your traditional rentals in that they are extremely sensitive to the semester schedule of the college. It is possible that they were nearing the start of the semester and had vacant units. If they didn't rent them, it is possible that they would sit empty until the next semester. As a result, they discounted them heavily to get them rented. It's better to discount them $1000 / mo than to have $0 / mo coming in. Yes, if I were this student, I would be disgruntled as well knowing that I could have gotten the same apartment at a cheaper rate. That said, you signed the contract at a certain price and if the other apartments had gone up in price, you would be congratulating yourself that you saved $xx per month.

apt complexes often have promos for new tenants. it would be nice to be able to reward current tenants some how but it doesn't happen.

Guy just learned Rule # 1 the hard way: Never trust anyone, especially your own family!

Misspoke? You are responsible for your employees speech. But you sign, you signed

On the renters side. That does look unfair. He could go to the Managers office and ask if there’s any break they can give him. Chances are they’ll say ‘No’. So, next best thing, start looking around for next years new place now, and don’t rent there for another year. (If he’s still going to be in school the next year). Just don’t sign another lease with this landlord.

You know why Rachel is my favorite host? Bc she can have disagreements with Dave live on a call. The rest of the hosts seem to bow down to whatever Dave says.

I'm curious, if rents had gone up, would he have gone to the office and demanded to pay more? Or does this only work one way? Where in the world do contracts work like that? "I buy this now but if it gets cheaper in the future I get my money back". Never heard of anything like this.

Thought of 2 possible options. 1) You can break a lease. However, a cost/benefit analysis is recommended. Can you find a cheaper apartment at this time? What are the penalties stated in the contract for breaking the lease? Does the monthly cost of a cheaper apartment warrant the penalty payment and inconvenience of moving? 2) Most States have Bureaus of Landlord/Rental Rights. If a Tenant feels that they have been unfairly treated they can contact this Department and state their case. Simply because a Contract is legal...does not make it ethical.

​There is legal and there is right and wrong. The law is the law. The line for right and wrong is subjective. Ask 100 people questions about right and wrong, you will get many different answers. The landlord complied with the law but in my opinion the landlord is filth, but that's not uncommon. With that said, I will put up a Google review for anything I FEEL is wrong. As a consumer, I appreciate customer reviews both good and bad. More information is always a good thing. And for me, the first thing I do when researching anything is to see if there are reviews!

"But if you call in the next 3 minutes, we will also include shipping absolutely free...." It sounds a lot like that.

Reminds me of how when I was a child. My family we got thrown out with locks on our apartment door on christmas day. Rich people taking advantage.

If you ever get a "today only" price, that's a huge red flag. He's learned that lesson young

Say he signed the lease on January 2023 and it expires January 2024, they cant just have him sign a new lease in the middle of his current lease and tell him he may not be able to stay there. He has the legal right to the property until his lease expires. Generally a new lease should be signed about a month or two before his current one expires

Thems the breaks, kid.

2 days after I bought a set of tires online they lowered the price. Just keep it moving- Become the landlord or the company that ships the tires

One guy buys a car at dealership for $40,000 ... another person buys the exact type of car for $37,000 at same dealership that day. You got a lesson that you need to negotiate better before the sale.

I feel like something is left out. Rents just don’t drop $1000.

Any time someone offers you 'a deal' with a particularly short deadline - walk away. There is usually a bad reason why the short deadline, it is usually overpriced. It is a psychological sales tactic that is used a lot.

They probably were notified weeks ahead of the rental amount for the next year and waited until they only had six hours left before they contacted the property management company.

Welcome to the real world my dude! Promises don't mean anything here. People can and will screw you. Hold your head up high and keep your values. If someone does something you feel is unfair, don't turn around and do it to someone else.

The public school system, and parents in general, are failing kids by not teaching some basic legal concepts such as what a contract is.

Some apartments in a given complex may have much better amenities than other ones, which also can affect rental prices, regardless of square footage. For example, one that's adjacent to a pool or gym, one that has an outstanding ocean view, one that overlooks a stunning park, etc.. Apartments in less desirable locations of the same complex, for example the pool is two buildings over, the view is a parking lot or busy street, the apartment is next door to a schoolyard, etc. , will often cost less.

Life doesn’t get any easier.

Dunno where u 1are, but here that's continuously thecase with mobile plans. You try to sign for the best deals, but you'll always see the same provider will offer another more cheaper deal next month. If you took the deal it probably seemed right to u guys or u all wanted to have a roof above ur head. Which u got!

It was messed up but legally they are right.

Sounds like a fraud in the inducement. They should talk to a lawyer

If you can get a cost down any time you want on a lease, then the land lord can get a price increase any time he wants. That is why there is a lease…. So both parties can agree and no change the price

Gotta love when callers purposely leave out details at the beginning of the call to try and make Dave take their side. Had he not hidden his roommates and the actual cost difference of the apartment Dave would've shut him down and finished the call in 2 minutes flat.

The tenant should compare the cost of breaching his current lease to the benefits of paying $799 a month under a new lease.

Wait till he buys a home and then it loses 100k and his neighbor got the house next door for cheaper he’s really gonna flip.

Can you imagine if the rent would have doubled for new renters 3 months after he signed his lease? Would he have felt compelled to ask if he could double is rent?

Wonder if the other apartments renting for the cheaper rate are the same size, have the same conveniences, etc. And charging by the room mate in a college town is the norm everywhere, and it's high. I live between VT and RU, and if you could see the amount of damage and neglect these landlords have to deal with, you'd know they aren't really getting rich off these units. I wonder, since they were in such a hurry to get this lease signed, what was going on in that apartment that they might need to cover?

Landlords are super Shady the majority of the time if you signed a year lease then just plan ahead to move out in a year and start looking for something else and then just don't recommend that complex to anybody if they're looking because Word of Mouth travels very far so make sure you tell everybody you know and work not to rent there

Quick lesson on peer pressure. Never fall for it.

Adulthood is tough.

A contract is a contract. Sucks but you signed it.

That sucks. I'd break that least, not even move in and go elsewhere. They won't go after you

That’s how landlords can get ahead charging whatever price they want as long as it’s within the market value. You got got kid take the loss and move on

Over 4K for a 4 bedroom apartment? Is that what I am hearing? Where the heck is that, that's pricey.

At least you learned this in college with just $250/month Now you wont do it in 20 years with a $4000 lease

Sounds like he needs to contact my lawyers Dewey, Cheatum and Howe. They are great and would sue the crap out of his property owner, his mom and his grandma.

I was agreeing with dave until he said the employee promised him that new reduced price. That employee represents management unless they had something in writing that's say only certain people can do that that and it has to be in writing.

If its reversed and what he initial signed up for is significantlycheaper than what new leasers are signing up, he would be quick to point out that this is what we agreed on the contract

While what the landlord did wasn't illegal, it was trickery. Dealing with people in bad faith usually comes around to bite you in the ass.

Who pays 1015 dollars a month with 3 roommates? That’s the biggest ripoff ever, but the landlord is killing it. Good for them, I guess.

Over $4k a month for an apartment? They need to drive a few miles off campus and cut that rent in half.

Dave sides with high pressure landlord taking advantage of poor college kid yet if we use a CC for rewards we're personally destroying the lives of single moms.

I mean, look at the penalties for breaking your lease. It might be worth breaking the lease to turn around and sign a new one with the same people at a lower rate. $1,000/mo isn't chump change.

It’s called stupid tax bro. Remember, anything done in a rush is typically a bad sign.

It sounds like they have a "special" to fill every apartment because (A) the economy is going down in their area or (B) they want to sell the property, etc. This sounds like a large apartment complex.

College kids always take advantage of on apartments near campus

That lease discount is likely an incentive to draw new tenants. I would still ask, but the building owner is entitled to do this.