When do they go down? They keep going up and as far as I can tell they get rented out?
When is it changing? I thought it would in 2008,2009 and 2010 but so far they are only going up.2011 should be the year but I can't really put my finger on it
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When do they go down? They keep going up and as far as I can tell they get rented out?
When is it changing? I thought it would in 2008,2009 and 2010 but so far they are only going up.2011 should be the year but I can't really put my finger on it
The stort term rental market appears to be very depressed compared to a few years ago-prices on many websites are lower. I know because I have rented the same apartments at lower prices. Most of the argentine agencies are fixed prices or they will on the website indicate a special or promotional price and not negociate by email or on the phone. Some websites keep high prices and will definately negociate, rather not do business.
Argentina's business culture has it's own twists and turns that are different that most other places in the world. I absolutely love ba, BUT along with the positives there are some strange twists. I don't want to post specifics, you may PM me. There are people in the business who read this site who I know and I don't want to publically discuss some of their unusually practices.
[QUOTE=Trampa; 412826]When do they go down? They keep going up and as far as I can tell they get rented out?
When is it changing? I thought it would in 2008,2009 and 2010 but so far they are only going up.2011 should be the year but I can't really put my finger on it[/QUOTE]Can you give me a link to the appartments you are talking about?
Everybody who (semi) permanent lives in BA knows that once you negociate you can get 20 to 30% off the price tha the rental agencies use but prices even after negociating won't go down.
I am guessing they are keep going up untill people stop renting them, which not seem to be the case.
P. S. If you use BYT as a benchmark they have roughly 30% of there appartments available for the next month, it seems the ocupation rate somehow is pretty good
Many members have been using this forum for exactly the information that you ask about. For example, look at the bytargentina thread as an example.
I generally like reynalds and Jackson is the best, but is out of the business.
RentingBAXXXXXX[I have placed "X"'s rather than the rest of the name which is ". COM" because the owner is a good guy who doesn't want a sex forum to come up when potential clients google the business' name]-is relatively well run. They will negociate the price on the website listed prices when the market is slow. They will call you in the USA and have a north american phone number. They will look up your flite's arrival information on the net. You will not be abandoned in the street if your flite is a few hours late. This rentingBA. XXXX is sometimes more expensive. The owner is in business and will try to get the highest price that he reasonable thinks the market will bear.
Byt is going out of their way to make me happy-I am dealing with them again. The operations manager is helping
me and recommending only good apartment owners' apartments for me. The apartment owner is very important.
If you are renting from a sleaze-ball who turns off the internet when business is slow to save money, there will be problems no matter which company is the rental agent. I have arrived after flying all night and found all sorts of strange things that have been done to save a few pesos-a good agency will be more aggressive about helping.
I seem to have survived a bad situation with byt and landed on my feet-I now get the lowdown on the owner. This is very valuable info. I am renting a 58 meter, nicely furnished apartment, in a new building on I high floor with a view for $400. Per week. De melo near azcuenaga. Byt has some very well priced properties, BUT there are some twists and turns to the way they do business. It was just luck that I got to know the operations manager.
I don't consider 1600 dollar for a new 2 room appartement in Palermo a good deal. Should no way be more then around 1000-1200 dollar
[QUOTE=Trampa;412859]I don't consider 1600 dollar for a new 2 room appartement in Palermo a good deal. Should no way be more then around 1000-1200 dollar[/QUOTE]The Dogg's discriminating nose smells Redondo.
Weekly rentals are often fairly expensive. Most that I see charge 2-2.5x the weekly rate for a monthly rental. So 2.5x400 is, $1000.
WE can't read the websites and all the past postings for you.
[QUOTE=Jaimito Cartero;412867]Weekly rentals are often fairly expensive. Most that I see charge 2-2.5x the weekly rate for a monthly rental. So 2.5x400 is, $1000.[/QUOTE]1000:4 = 250
That should be a lot closer to the real value
[QUOTE=Trampa; 412871]1000:4 = 250
That should be a lot closer to the real value[/QUOTE]I don't think you understand how things work.
Most apartments are going to be vacant some of the time. If they want to average $1000 per month, they need to rent it long term, or at least 2 1/2 weeks a month. If they followed your method, they'd only earn $625 or so, way below what they are aiming for.
Just as a chica may charge you $200 pesos for an hour, and 500 for 12 hour TLN, there is better pricing for a longer time commitment.
[QUOTE=Jaimito Cartero; 412875]I don't think you understand how things work.
Most apartments are going to be vacant some of the time. If they want to average $1000 per month, they need to rent it long term, or at least 2 1/2 weeks a month. If they followed your method, they'd only earn $625 or so, way below what they are aiming for.
Just as a chica may charge you $200 pesos for an hour, and 500 for 12 hour TLN, there is better pricing for a longer time commitment. [/QUOTE]I compare it more to a 2 year lease. If that's your benchmark and you calculate with a 60-70% ocupation rate your rental price should be roughly 25-30% higher then the price you get with a 2 year lease.
For a 1400 dollar 60m2 appartement in Palermo you should not pay more then around 1000 dollar because a 2 year lease can found for around 500 dollar (excluding expenses which should be roughly around 200 dollar a month)
This is different of course if the owner wants to occupy the appartment part-time and want to rent it out the time he is away (Argentine living abroad for example)
A temporary rental is not a 2 year lease. Are you retarded?
[QUOTE=Trampa; 412882]I compare it more to a 2 year lease. If that's your benchmark and you calculate with a 60-70% ocupation rate your rental price should be roughly 25-30% higher then the price you get with a 2 year lease.
For a 1400 dollar 60m2 appartement in Palermo you should not pay more then around 1000 dollar because a 2 year lease can found for around 500 dollar (excluding expenses which should be roughly around 200 dollar a month)
This is different offcourse if the owner wants to occupy the appartment part-time and want to rent it out the time he is away (Argentine living abroad for example) [/QUOTE]You are making a very strange comparison! Do not forget that the owner can ask whatever they want, it is their property and you are not in the position to tell them what to charge. If I want to rent out a 40m2 apartment (yes, it is written with just one "p") for US$1000 a week, and I find tenants, why should I not do it?
Also the costs involved in short time rentals is a lot higher then the costs involved in long term rentals! If you have not been involved in the owner side of short term rentals then you do not have a f*cking clue about the costs involved and are you unable to say what a "fair" price is.
And since when are you able to estimate the expenses from a distance without looking at all factors involved? Do you have any idea what the main costs are in the expenses? It is possible to have 2 buildings next to each other, with comparable apartments and very different expenses.
BTW I do think that dogs do have a very good sense of smell, so I have to agree with Doggboy.
[QUOTE=Seaman; 412889]You are making a very strange comparison! Do not forget that the owner can ask whatever they want, it is their property and you are not in the position to tell them what to charge. If I want to rent out a 40m2 apartment (yes, it is written with just one "p") for US$1000 a week, and I find tenants, why should I not do it?
Also the costs involved in short time rentals is a lot higher then the costs involved in long term rentals! If you have not been involved in the owner side of short term rentals then you do not have a f*cking clue about the costs involved and are you unable to say what a "fair" price is.
And since when are you able to estimate the expenses from a distance without looking at all factors involved? Do you have any idea what the main costs are in the expenses? It is possible to have 2 buildings next to each other, with comparable apartments and very different expenses.
BTW I do think that dogs do have a very good sense of smell, so I have to agree with Doggboy. [/QUOTE]And I can say it shouldn't be more then I think it's worth, besides from any exeptions there is a market price for temporary rentals. Overpriced rentals are normally not rented out
ABL / Cable / Phone / maid / wates / gas / electricity and taxes are all more less fixed and about the expenses the owner normally gets he gets a bill which is normally send a bill to the property. I can make a good estimate of the cost involved, it might be a bit off base but not by much
Temporary rentals and 2 year leases are income from the owner of the place and should be linked, if it's not interesting moneywise to rent it out to foreigners he will normally put it off the market or rent it out 2 years. Espect for people who use the apartment part-time
[QUOTE=Trampa;412892]I can make a good estimate of the cost involved, it might be a bit off base but not by much [/QUOTE]
Well, I think you are absolutely wrong!
I have first hand experience in 2 similar apartments within the same block, not same building, both less then 10 yrs old, no 24/7 security and I can tell you that the difference is about [b][u]100%[/u][/b] in expenses! There are way too many factors involved in the calculation of the expenses of an apartment to make a good estimate of the expenses without inside knowledge.
You have to realize one thing. The owners have something you want. So it is their decision what to charge etc, not yours. If you are lucky you will find an owner who is willing to negotiate, but what you are thinking is plain wrong. I know people in the apartment rental business and they hardly break even some months! So that means that the "good" months need to make up for the bad months.
But... You are typically a person who [u]thinks[/u] he knows it all, but actually knows nothing. So most likely you do not want to see how wrong you are, and you will try to convince people who actually have first hand knowledge of your opinion. (Which will not work of course!)