[quote=Jazzman]Kev, if you are all renters in the complex, get together with other tenants and devise a plan of action. There must be others who feel the same way, in which case you have some leverage and can approach the landlord with a request to lower or cap the rent. They’d respond out of fear you’d all given notice which would hurt their bottom line. They sound ruthless so fight fire with fire.[/quote]
waste of time imho…..
Rental market is kinda tight too.
The way things work…Someone has already done some market research…They probably figured out that they could get away with raising rents to that price… It will still be at least market rates, maybe even slightly lower than market rates…. Probably enough to be outraged, but probably not so outrageous it will motivate enough people to move in a meaningful way…
It’s the same feeling the first time I was a renter… Rent prices went up by about $60/month. I was ticked, motivated to find another cheaper place…Spent about 2-3 weeks looking. Figured out that despite the rent increase, it was still a better price than any other property out there for the same price, and plus the hassle of moving…Hence one of the reasons I bought as soon as I could, even in overpriced NorCal
