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Re: increasing rent this year
by Garry
on July 23, 2020 @20:04
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I'm in Iowa. I have 19 SFHs. I have not raised any rents this year, nor do I plan to. I rent to lower income families, who sometimes struggle to pay rents. Even though you have done major renovations to your place, you should maybe wait to raise rents till next spring or summer.
And if your tenant is a front line worker who is risking his/her life working with COVID-19 patients, I wouldn't raise their rent for the next 2 years. Call it a "Good Will, or Thank You" gesture to those who risk their lives to save others.
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