Re: how much rent increase - Landlord Forum thread 360823

Re: how much rent increase by scott on September 2, 2020 @20:44

there has been no rent increase in almost 4 years too. I took ownership last year and did not raise the rent. The plan was to raise it this year but was before the virus. the proposed rent increase is 5%.

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Re: how much rent increase by lpadave on September 2, 2020 @21:28	[ Reply ]

1. WHAT IS THE CURRENT RENT IN RELATION TO THE CURRENT COMPS 2. DO YOU WANT TO HOLD ON TO THESE TENANTS ?

Re: how much rent increase by scott on September 2, 2020 @21:34	[ Reply ]

i am lower then the rent in the area Yes I want to keep the tenat

Re: how much rent increase by scott on September 2, 2020 @21:37	[ Reply ]

the total increase would be $50.00

Re: how much rent increase by lpadave on September 2, 2020 @22:41	[ Reply ]

$ 50 after 4 years sounds very gracious. if indeed you are on the low end of comps you should be fine