Thread: The end of LCAP
View Single Post
  #4  
Old 07-05-2008, 10:20 PM
lenoxxx lenoxxx is offline
GreekChat Member
 
Join Date: Nov 2001
Posts: 396
EE-BO;

Just to give you a clear cut example, which re-inforces what you said.

With our LCAp Property at Shippensburg, we asked several times to get leases for the house in Jul/August to have them for when school starts- most leasing is done by the end of october for dorms, and off campus. In addition, everyone does 1 year leases so kids can live in houses for 12 months- exception being dorms, and our house was off campus.


We were given leases by christmas at the earlies, and told it ws impossible to get them when we needed it (thus hurting our ability to help them make money) and they went with semester/summer/ semester leases. this actually hurt renitng and cost revenue by making a rent that was way too high for the market on a monthly basis. And kids abused it every summer by just living there and not paying. We had two alumni suggest going to a 12 month lease for everyone with less per month, but more months. Kids at SU were ok paying 325/ mo for 12 months, but not 420 for 7 months (and you would never get someone to sign a summer only lease). Sort of like the car payment idea of "what can you pay per month" do determine what kind of car you buy. Illogical, but it was how things were.

This was presented as a way to make more renters interested and raise revenue- we were told- it was too hard to change the way LCAp did business. And it was flatly refused- they floundered and we had alumni quitting in disgust. This would have had less paperwork (and it would have taken about 15 minutes to change the contract verbiage to have one contract, not 3) and built more profit and revenue.

There was no excuse for this but ego and hubris In my humble opinion
__________________
WWW.BONETHEFISH.COM

Visit this website if you miss what TV Guide did in destroying www.jumptheshark.com a fan website run by the fans in 2009!
Reply With Quote