All Forum Posts by: Clifford Meyers

Hey, not sure about the specifics of place4students.com filtering.

I've got limited experience here, but it makes sense and has been my experience so far that medical residents are usually signing up for multi-year leases--certainly at a much higher rate.  As a resident, you're locked into either 3 years (the very shortest) to up to 7-8 years in the same program; in general the average duration of training is going up as more and more people are doing fellowships (often at the same program).  

Also, in the middle of residency, it would have taken a significant issue to have made me want to use any of my free time to move, especially if the house is convenient to the hospital.  It varies by program, but I had a few years where I had 7-8 full 2 day weekends, and I wasn't in a specialty that is renowned for being particularly onerous.  Definitely after the first year (people are moving to an entirely new city, and may not be totally aware of what they want yet) the rate of moves is going to go way-down.

Hope this helps!

Hey!  Thanks a bunch for the replies!

Yep, Strong--the "white coat ghetto" neighborhood--a house we bought in residency and kept.  I live in Webster now though!

To be honest, I'm just now trying to get organized and take some of the burden of running our rental house off of my wife.  Thus far (past 3 years) we've been very lucky to get great tenants through the U of R's link with places4students.com.  But yeah, this year, much different.

From what I've heard (I checked with my brother in law, a resident) match was not delayed, and hospitals are still planning to take on the new residents, even in specialties where business is way down d/t cancellation of elective procedures.  So I had thought that everyone would have been sheltered from some of the economic repercussions at least.

Anyways, certainly not a big deal in the scheme of things but I just wanted to get everyone's thoughts.  Thanks!

Hello,

Quick question--my wife and I kept my house from residency--mid-sized city (Rochester NY), near a big training hospital.  We've had great luck with medical students/residents as tenants over the past few years, but this time, things are different.  Typically we receive a lot of inquiries after med students find out where they match and where they're moving to.  This year, zilch.  

We bumped the price very slightly--50 bucks/month--which seemed reasonable given significant increase in tax assessment.  Still, I don't think it's the pricing under normal situations which is causing this, as other friends/landlords have noticed very little interest as well.

I'm not noticing that much movement/pricing drops for other places.  Part of me wonders if this is because it's currently very hard to travel, and people understandably want to avoid renting sight unseen till as late as possible.  On the other hand, even though residents have very stable/unaffected income, a large portion of students/residents probably have backup from parents etc, I'm wondering if issues with spousal earnings/jobs and the general economic uncertainty is playing a role.  Almost all renting is done July 1st--don't want to miss the boat and go off cycle--so the question has some urgency.

So--the dilemma I guess is are we priced appropriately, but just expecting rental inquiries too early given the odd circumstances?  Or are we and others over-pricing even this, relatively stable market?  

Thanks in advance for any and all thoughts!