All Forum Posts by: Carl Fredrickson

As an apartment dweller, the first place I lived at and the previous manager of my current complex raised the rent every year. The current manager of my complex has been keeping the rent the same but tacked on a surcharge to cover water  (water is not metered to individual apartments) and property taxes. The surcharge seems to increase every 2-3 years. 

I've been concerned the manager is going to significantly increase the rent at some point, at which point I'll have to figure out whether to stay or go, although it's likely that the new amount would still be less than if they had raised the rent a little bit every year. 

From a psychological standpoint, I think it's easier to take a little increase every year compared to staying flat for a long time and then a big jump to try to catch back up to market, even if you end up paying less overall with the second option. 

$84,500 rounds to $85,000. Unless the actual bid was $84499.99 or less, which would round to $84,000. 

As an non-involved party, this looks like rounding error, not a lie.

May I also suggest contacting, if they haven't been already,

1. The Feds. I think this would fall under the jurisdiction of the FTC. Possibly also the CFPB. 

2. CNBC's American Greed TV series. 

I'm still a while off from needing these answers, but out of curiosity...

How stringent is the $1million net worth requirement to become an accredited investor? Is it to the penny, or is it more of a rounding thing (so $995,000 is close enough)?

How much detail do you provide when under review?

Once you've been accredited, does the company you're investing with monitor to see that you continue to meet the requirements? For instance, if you had the million, invested some of it in the deal that required accreditation, and then the stock market fell or you put some of the remainder into a primary residence, so that you no longer meet the net worth requirement, does some alarm go off and they suddenly hand you your money back and show you the door? Or do they say the million was there at the time of investment so it's OK to stay?