'Move In! Please, Move In!'
A television station in Hawaii reports it's a renters market. "It's been awhile since renters in Hawaii had anything to look forward to. High prices and strong demand had people scrambling for less-than-perfect places. But property owners say that's changing in renters' favor."
"There's been a definite change recently in the overall rental market. Fewer renters are knocking on the door, and landlords are having to try harder make a deal. Rentals used to be snapped up in a day or two. 'I thought you put an ad in the paper and then that's it, you're done,' said landlord Helen Rapoza. 'You know, you do one ad and everybody lines up at your door and you're done. OK, it's not quite like that.'"
"Rapoza has been trying to rent a spacious 1-bedroom with a view near Punchbowl for weeks. Last year landlords had dozens of applicants with the first ad, not this year."
"'I think we entered the rental market right at the time that things started changing,' Rapoza said. 'I think basic economics, supply and demand. Supply and demand affects everything, so that has to be part of it.'"
"The number of rental listings in classified ads or popular online web sites is up between 30 and 40 percent. That puts some power back in renters' hands."
"'I think there's more negotiating than there used to be,' Rapoza said. 'Before it was, 'This is our rent. This is what you get, period.'"
"Deals of one kind or another are popping up to lure applicants, from lower security deposits to newer appliances. 'I've heard it to include utilities, and I've heard pets, pets is a big on,' she said. Pets are OK here at Helen's place... small ones, please."
"'We want to be good landlords and we just want to be able to help somebody out,' she said. 'We do want to cover our bills, that would be nice.'"
"That means $1,800 dollars here. 'If it works, great, if it doesn't work, well you know, you'll see it on the market. We'll sell it,' she said. 'Life is just an adventure, and you move on... or move in. Move in! Please, move in!'"