Raise my rent? – Piggington's Econo-Almanac

This topic has 80 replies, 14 voices, and was last updated 13 years, 11 months ago by permabear.

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December 2, 2010 at 9:54 AM #18245

aldante
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My landlord sent me a notice that they will raise my rent 3%. I am searching for ideas and perspective from the board. Here is my impression. This is the first time they have tried to raise in 2 years. I know for a fact that their HOA’s went up about 1/2 the amount they want to raise my rent so I can kind of see their perpective.
However, while my pay has recovered from its recent trough, I still am watching my pennies (dollars)in order to save for a house. Also, they have done nothing to the place at all except for emergency repairs. Any imporvements have been mine alone. They have also been incredibly slow at those repairs. Does anyone have any ideas that can help me not pay the increase but not have to have a showdown and move?

December 2, 2010 at 10:00 AM #634749

LarryTheRenter
Participant

Maybe check out the rental comps in the area using craigslist or ask other renters in the complex what they are paying…Try to see if your new rent is in line with those..

Hopefully your rent will be a little higher and you can argue in addition to the maintenence you have done for them they should compromise on raising your rent..

As always it depends on your lease terms and how aggressive you get depends on your tolerance for moving..Remember it might cost you a thousand just to move (moving tuck, new stuff to buy for a new place etc.)it adds up quick.

December 2, 2010 at 10:00 AM #635402

LarryTheRenter
Participant

Maybe check out the rental comps in the area using craigslist or ask other renters in the complex what they are paying…Try to see if your new rent is in line with those..

Hopefully your rent will be a little higher and you can argue in addition to the maintenence you have done for them they should compromise on raising your rent..

As always it depends on your lease terms and how aggressive you get depends on your tolerance for moving..Remember it might cost you a thousand just to move (moving tuck, new stuff to buy for a new place etc.)it adds up quick.

December 2, 2010 at 10:00 AM #635530

LarryTheRenter
Participant

Maybe check out the rental comps in the area using craigslist or ask other renters in the complex what they are paying…Try to see if your new rent is in line with those..

Hopefully your rent will be a little higher and you can argue in addition to the maintenence you have done for them they should compromise on raising your rent..

As always it depends on your lease terms and how aggressive you get depends on your tolerance for moving..Remember it might cost you a thousand just to move (moving tuck, new stuff to buy for a new place etc.)it adds up quick.

December 2, 2010 at 10:00 AM #635849

LarryTheRenter
Participant

Maybe check out the rental comps in the area using craigslist or ask other renters in the complex what they are paying…Try to see if your new rent is in line with those..

Hopefully your rent will be a little higher and you can argue in addition to the maintenence you have done for them they should compromise on raising your rent..

As always it depends on your lease terms and how aggressive you get depends on your tolerance for moving..Remember it might cost you a thousand just to move (moving tuck, new stuff to buy for a new place etc.)it adds up quick.

December 2, 2010 at 10:00 AM #634828

LarryTheRenter
Participant

Maybe check out the rental comps in the area using craigslist or ask other renters in the complex what they are paying…Try to see if your new rent is in line with those..

Hopefully your rent will be a little higher and you can argue in addition to the maintenence you have done for them they should compromise on raising your rent..

As always it depends on your lease terms and how aggressive you get depends on your tolerance for moving..Remember it might cost you a thousand just to move (moving tuck, new stuff to buy for a new place etc.)it adds up quick.

December 2, 2010 at 10:06 AM #634754

nocommonsense
Participant

3% in 2 years doesn’t sound that unreasonable to me. Actually, it sounds more than reasonable. Assuming your rent is $2K, it’s only $60. I think you have very good landlords. And no, I’m not your landlord 🙂

December 2, 2010 at 10:06 AM #635535

nocommonsense
Participant

3% in 2 years doesn’t sound that unreasonable to me. Actually, it sounds more than reasonable. Assuming your rent is $2K, it’s only $60. I think you have very good landlords. And no, I’m not your landlord 🙂

December 2, 2010 at 10:06 AM #634834

nocommonsense
Participant

3% in 2 years doesn’t sound that unreasonable to me. Actually, it sounds more than reasonable. Assuming your rent is $2K, it’s only $60. I think you have very good landlords. And no, I’m not your landlord 🙂

December 2, 2010 at 10:06 AM #635854

nocommonsense
Participant

3% in 2 years doesn’t sound that unreasonable to me. Actually, it sounds more than reasonable. Assuming your rent is $2K, it’s only $60. I think you have very good landlords. And no, I’m not your landlord 🙂

December 2, 2010 at 10:06 AM #635407

nocommonsense
Participant

3% in 2 years doesn’t sound that unreasonable to me. Actually, it sounds more than reasonable. Assuming your rent is $2K, it’s only $60. I think you have very good landlords. And no, I’m not your landlord 🙂

December 2, 2010 at 10:45 AM #635447

no_such_reality
Participant

What are you looking at for an increase $50? $75?

I’m guessing probably a $50/increase.

So, from a landlord standpoint. Are you going to move over $50?

If you’re dealing with a small scale landlord, keeping a good tenant happy is important. If you are dealing with a large scale landlord, you’re just cattle to be squeezed.

Since you talk about an HOA, I’d guess small scale.

Can you move and cut your rent for an equivalent place?

What amount do you need to save every month to make the hassle and expense of moving worth it?

December 2, 2010 at 10:45 AM #635574

no_such_reality
Participant

What are you looking at for an increase $50? $75?

I’m guessing probably a $50/increase.

So, from a landlord standpoint. Are you going to move over $50?

If you’re dealing with a small scale landlord, keeping a good tenant happy is important. If you are dealing with a large scale landlord, you’re just cattle to be squeezed.

Since you talk about an HOA, I’d guess small scale.

Can you move and cut your rent for an equivalent place?

What amount do you need to save every month to make the hassle and expense of moving worth it?

December 2, 2010 at 10:45 AM #634794

no_such_reality
Participant

What are you looking at for an increase $50? $75?

I’m guessing probably a $50/increase.

So, from a landlord standpoint. Are you going to move over $50?

If you’re dealing with a small scale landlord, keeping a good tenant happy is important. If you are dealing with a large scale landlord, you’re just cattle to be squeezed.

Since you talk about an HOA, I’d guess small scale.

Can you move and cut your rent for an equivalent place?

What amount do you need to save every month to make the hassle and expense of moving worth it?

December 2, 2010 at 10:45 AM #635894

no_such_reality
Participant

What are you looking at for an increase $50? $75?

I’m guessing probably a $50/increase.

So, from a landlord standpoint. Are you going to move over $50?

If you’re dealing with a small scale landlord, keeping a good tenant happy is important. If you are dealing with a large scale landlord, you’re just cattle to be squeezed.

Since you talk about an HOA, I’d guess small scale.

Can you move and cut your rent for an equivalent place?

What amount do you need to save every month to make the hassle and expense of moving worth it?
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