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What do you expect to pay per week? Here are a handful for comparison sake. VRBO.com, mentioned upthread, is a good source. I believe it provides connection with the owner of the property rather than acting as agent.

idk, somewhere between $1k and 2k. is that way off the mark?

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What do you expect to pay per week? Here are a handful for comparison sake. VRBO.com, mentioned upthread, is a good source. I believe it provides connection with the owner of the property rather than acting as agent.

idk, somewhere between $1k and 2k. is that way off the mark?

You should have quite a few to choose from at that price point. For examples...
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... a very good source is www.vrbo.com. You deal with the owners directly with no agency fees ...

You sure about that ?

 

Yes, on the surface, VRBO = Vacation Rentals by Owner.

 

But the reality is that the large (if not overwhelming) majority of these listings are agencies who list their properties there. Agencies fees are usually built into their prices so they can say "Look Ma ! No agency fees !"

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... a very good source is www.vrbo.com. You deal with the owners directly with no agency fees ...

You sure about that ?

 

Yes, on the surface, VRBO = Vacation Rentals by Owner.

 

But the reality is that the large (if not overwhelming) majority of these listings are agencies who list their properties there. Agencies fees are usually built into their prices so they can say "Look Ma ! No agency fees !"

 

We found the apartment we use regularly via vrbo.

 

The monthly price dealing directly with the owner is the same as the price of one week via vrbo and the agency that was hiding behind it.

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That's a wider gap than I would have expected but anything goes with any individual arrangement.

 

I'm currently trying to rent something semi-long term here directly with an owner. The apartment was originally found through an agency arrangement during a prior year. I would like the owner to agree to a monthly rent that is 1.5x the agency's weekly rental price (which equals 50% of the agency's monthly rental price). It would be way way below market for me to offer to pay the owner a monthly rent equal to the agency's weekly rental price. I know the market for this location well. And this apartment is relatively very expensive on the agency's web site - hence over the entire course of the last year, it's non-owner occupancy rate has been relatively low. (Yes, Chambo has been watching this thing like a hawk and even observing the occupancy rates of numerous apartments over the past year. Note that this requires that the calendars are actually kept up-to-date and accurate, which is rarely the case on VRBO.)

 

Translation for Orik : you are getting a very good deal.

 

In the actual Paris real estate market - ie sales and annual rentals of unfurnished apartments, not short-term furnished stuff - it is interesting how relatively expensive buying is vs renting. Paris real estate prices seem very high to buy. Rentals seem more than reasonable for such a city. And there are lots of great protections if you rent longterm - ie "great" for the renter. Never forget that this is a socialist, anti-capitalist state.

 

Nevertheless, people seem to prefer to own a piece of precious Paris.

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I know. For accuracy's sake, when it's monthly we pay the utilities and cleaning, so it's a couple of hundred Es more. In general you can easily get monthly = 2 weeks and possibly you can get to your goal of monthly = 1.5 weeks.

 

I don't understand the price dynamics in Paris either.

 

I used to think it has to do with asset quality or social status like in Japan, but rentals are available in great properties and yields are very low to negative across the board. (except in the market of subdividing apartments into tiny vacation rental studios) Perhaps an opportunity exists if you're patient and willing to bet on the gentrification of some still crappy neighborhoods, but there are a lot more obvious things to buy in the US or Mexico.

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I hadn't realized the enormous difference between direct-from-owner and agency rentals. One concept (haven't tried it, however) might be to use the rental listings in the back of your (or anyone's) university alumni magazine.

This has been my route for the past few years. We also had great luck with airbnb.

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