Re: Annual Rent Raise Notice Aftermath - Landlord Forum thread 325101

Re: Annual Rent Raise Notice Aftermath by Anonymous on September 30, 2014 @21:23

So, what then, never raise a rent? That's just always the chance you take. They made an offer, and it may or may not be accepted. OR they're blowing smoke hoping you'll back the increase off. If I had a nickel for every "you know, we really would rather rent a house" or "jeez the <tenement> down the street is cheaper" I could get out of this biz.

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

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.

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