[quote=gzz]Zillow keeps sending me e-mails saying I am charging too little rent. I won’t because I am too soft, I have never raised rent in my six years a-landlording.[/quote]
I like that gzz. If you have good permanent tenants, you’re obviously factoring that in to the equation – not only is it the nice thing to do, it might actually be costing you little to nothing since the places are occupied 100%…
When we were in school up north, the landlord (“Chip”) gave us a rent break because he knew we took excellent care of the place, paid on time or earlier, and helped him keep an eye on the other units since he lived elsewhere. It was win-win. A man knocked on my door one day and asked what I paid in rent, because he was considering buying the next building over. I told him but explained we got a rent break so it was not representative. Didn’t help, he cursed and stomped off saying that’s not close to what the seller next door was saying… Sorry!
How does Zillow know how much you are charging? Or is it telling you what they should rent for and you’re extrapolating…
