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Re: Annual Rent Raise Notice Aftermath - Landlord Forum thread 325103

Re: Annual Rent Raise Notice Aftermath by Marge (CO) on September 30, 2014 @21:43

                              
We have all our rentals occupied by excellent tenants. It would never cross my mind to raise the rent on anyone, because a good long term tenant is worth his weight in gold. What is the measly $200 more/year, if you may see the tenant move out, and next one may not be that good... just something to think about when you get near your "routine" rent increases.
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Re: Annual Rent Raise Notice Aftermath by Anonymous on September 30, 2014 @21:50 [ Reply ]
But do your taxes and ins. not go up? Maintenance? You just take the loss? What are the comps where you are?
    Re: Annual Rent Raise Notice Aftermath by anon (CA) on September 30, 2014 @22:46 [ Reply ]
    Thanks. Good comments. I disagree with the "Don't raise the rent on a good tenant" philosophy and adhere to the annual raise which varies. I'll get the house filled quickly and screen well when the 45-60 days comes. The owner wanted more rent from the property because I had it a bit too low for the market at $1600 to $1800 easily. I just thought I'd throw out an actual occurrence for learning. Water costs for keeping landscape green is a factor with these houses. If it's 100 degrees and the tenant has to pay at least $200/month, it's a pricing problem. I think I'll go xeriscape when they vacate.
      Re: Annual Rent Raise Notice Aftermath by Marge (CO) on October 1, 2014 @16:01 [ Reply ]
      So far we don't have water problems here. Better yet, we have our properties close together, and under one sprinkler system with ditch water. Tenants are not responsible for watering, and they are not charged for ditch water. Taxes are moderate. We are not greedy. We offer clean if not fancy rentals in quiet neighborhood. That is why we don't routinely raise rents. We offer only MTM leases. If a tenant underperforms, then it is good time to raise rent - until they are motivated to move out. .. Just my couple of pennies. Every landlord has different philosophy and different needs and approach. Personally I hate to change tenants, because that's the greatest source of stress for me. That is why I will go out of my way to keep the good ones as long as I can.

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