NEVER Rent an Apartment in Arlington | The Video Arlington VA Apartments Don’t Want You To See

NEVER Rent an Apartment in Arlington | The Video Arlington VA Apartments Don’t Want You To See


How’s it going everyone? Matt Leighton and welcome back to another
video. In this video, I’m going to talk about why
you should never EVER rent an apartment in Arlington, Virginia. Have I completely lost my mind? I don’t think I have…just yet. I’ll let you know what I mean. Here, we’re at Lyon Park. A really nice community park. There’s a playground, a field where the little
kids play soccer, and a really well-done, renovated community center that is owned by
the entire community. So in this video, we’re talking about why
you should never rent an apartment in Arlington. And let me tell you what I mean by that because
when you go out and search for apartments in Arlington, Virginia, you’re going to mostly
find very large complexes. Think anywhere from 250 to maybe even 600
and maybe even 800 residents. Now that’s a lot of residents. This is renting an apartment from these large
Real Estate Investment Trusts or REITs. So the bigger companies. I don’t want to name any names but I think
by now you get the idea. You should never ever rent an apartment from
these guys. Let me give you three reasons why. The first is that you’re never actually going
to see the apartment that you’re going to be living in. In Arlington, the occupancy rate is going
to hover around 99% – 93%. There’s not many vacancies. And let’s just say if you’re a manager at
an apartment complex that has 93% occupancy, you might be on the hot seat. Because the occupancy is so high, you’re not
actually going to be able to get in and walk around and visibly see that apartment that
you want. The view, the exposure, what it’s looking
at. Sure, you can have a floor plan, but you’re
not actually stepping inside of it. So you’re going to spend 12 months of your
life at a place that you haven’t set one foot in. And you know, can you do it abroad? Can you do it sight-unseen? Yeah, sure you can, but I think it’s always
better if you have the opportunity to go and see it in person. And if you’re going to the management office
and they won’t let you go upstairs to see the next place where you’re going to call
home, certainly there’s something going on there. The second reason is that you are renting
an apartment from a business, from a company, a corporation that just wants to take your
money. Things like customer service, maintenance
requests, things of this nature, are going to not come as smoothly as maybe if you’re
working 1 on 1 with a landlord. Or if you’re working with a really smaller
apartment complex. Something like 24, 36 units, something like
that. Renting an apartment in Arlington, if there’s
only a couple units in the building. Or if there’s only 30 – 50 units. Yeah, that’s ok. I’m talking about these mega buildings that
you see all around town. They are a company. They are a business. Their interests are in taking money from your
pocket and sticking it in their pocket. Any time you go down to the front desk, you
may not get the same level of value or quality as if you were just working 1 on 1 with the
same person over and over again because you do tend to see a lot of turnover in the leasing
staff, in the front desk. And the third reason, and arguably the most
important reason is because they will jack up the rent prices and they won’t care at
all about your feelings about it, about how much you want to stay there for another year. They don’t care! They’re going to raise the rent anywhere from
4% – 9% and if you’re in a two bedroom, paying $2,800, guess what? You’re paying something that starts with a
‘3’ in front of it. At least I think so, I hope my math is right
there. So they’re going to raise the rent and they
don’t care because if you can’t pony up, then they’re just going to get the next person
to come in who’s moving from Iowa on a 2-year government contract that has you know, help
from Mom and Dad to help pay the rent. They don’t really care if you re-lease. They’re using Co-Star, a company that basically
calculates the rent daily so they know what the market rent for that apartment should
be and if you don’t want to pay the increased rent, they’ll find someone that does. The way they get you into the apartment is
they’re going to offer you one month rent free on a 13 month lease or two months free
on a 14 month lease. And if you calculate that out, you’re actually
getting a really good deal. But it comes full circle when you have to
pay an increase of 9% on the back end of that. Guys, never rent an apartment in Arlington. I think the only exceptions to renting an
apartment is if you are only going to be there for a year and so you can take advantage of
that two-month free, one-month free, whatever it may be. If you’re only going to be there for a year. Or if you’re renting some sort of other apartment
that’s not 400 units. If you’re renting a small, little duplex,
triplex, maybe a four-story multi-family building with 10-20 units or if you’re renting a condo
or a townhouse. Yeah I said condo. In condos, it’s actual ownership where individual
owners have a vested interest in making the community better. So where apartments it might just seem like
long-stay hotels, condos you have actual owners that are making renovations to make the property
better. That’s all I got today. Three reasons on why you should never ever
rent an apartment in Arlington, Virginia. Thanks for watching. Until next time, create a productive day. Take care.

16 thoughts on “NEVER Rent an Apartment in Arlington | The Video Arlington VA Apartments Don’t Want You To See

  1. I was dead set on finding a really nice apartment to rent in Arlington, but now I'm dead set against it. I hate bad landlords after the last place I lived. Thanks, Matt.

  2. You are absolutely correct. I lived in Virginia Square Apartments. I signed up for a corner unit which was an efficiency. I regretted it.

  3. Cough* dittmar avalons anthing big like that

  4. I have no issues with 2200 Columbia Pike apts. And I was able to see the apartment before renting it. Also, the company is BMSmith. They have alot of nice properties on Columbia Pike in the Penrose neighborhood.

  5. Watch out for bedbugs – really bad problem in Arlington

  6. You can also go away to Utah or Idaho.. I hear it's quieter, the economy is good, & you'll love it 🙋✌

  7. Ha! 9% You would be lucky to only have a 9% increase.

  8. What is the name of the luxury high-rise apartment complex on S Walter Reed Drive and Columbia Pike, across from the old Arlington Theater?   In 1976 there was a hardware store there!

  9. In the 1970s, rents increased in October of each year for just about all of the apartment complexes in the Washington DC area.   Any time the low-GS (lowest paid) government employees were even rumored to get a raise or "cost of living" increase, that rent would really go up whether the government employees got the raise or not.

  10. I mean the only thing I’ve had an issue with is a lot of the post war housing here (The shitty brick buildings that look like concentration camps) are all owned by families that are so strict about everything and actually raise the rent by like 20 percent. Pay the extra $400 and get a real building lmao

  11. ▶▶▶ Get my new book: 46 Condo Buying Mistakes NOW –> https://www.amazon.com/Matt-Leighton/e/B00RTVS6PY/

  12. I sold my home to move to crystal city. I rented site unseen you can always tour apartments that are empty.
    The absolute worst investment is buying a condo. Especially in Arlington. Let's talk about those 1,000 dollar HOA fees on the nice older condos. Never buy a condo ever you get more bang for your buck buying a single family home, and you will not have a 1,000 dollar HOA fee. If you can't afford rent increases look elsewhere.

  13. nice stuff! Thanks heaps. <3

  14. I found everything in this video to be completely false. And my lease renewal was completely negotiable.

  15. This is very useful. Never thought about it like this.

  16. Can you give me some advice? I have accepted a job offer in DC and I have been looking at apartments. There are so many options. I am looking to be close to the metro and the train goes close to where I will be working. Can you give me any suggestions? Thank you!

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