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Re: Should I raise the rent ? I have perfect tenants.. - Landlord Forum thread 226258

Re: Should I raise the rent ? I have perfect tenants.. by Katiekate (New York) on June 19, 2011 @05:21

                              
Your expenses really have nothing to do with the rent.

The rent is only tied to what the local neighborhood is charging.

In this economy you should understand that having the "best in the area" doesn't translate into higher rent.. it means you have the opportunity to have low or zero vacancies.

If you raise the rent...you could lose the tenants, AND lose a month (or more of rent). This will cost you a year or more to make up the lost ground (still doesn't get you ahead).

Keep good tenants.

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Re: Should I raise the rent ? I have perfect tenants.. by OK-LL on June 19, 2011 @16:08 [ Reply ]
"Your expenses really have nothing to do with the rent."

That said, a LL must absolutely review their expenses to income ratio and their investment goals before they determine whether to become a LL with a particular property. No point in renting at a loss if you need the immediate income.


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