Well one day later, I have two families who are strongly interested in the home at the new price which will be a $200 increase and $50 more than I offered the current tenants to renew at. I will likely lose 5-6 days of rent to do some upgrades which were overdue. Both families appear to have longer term ties to the area.
Was surprised to see one potential tenant is losing their current home to a short sale. I thought we were done with that.
From one perspective, I think the current tenants may have raised issues to either get something done, or perhaps they were thinking I wouldn’t raise the rent after things were taken care of. Kind of hard to read minds. I normally think a $50/increase every year or $100 every two years isn’t a big deal. I can’t imagine they thought I’d never increase the rent. This time was $150 but only after a year without and after/while doing some meaningful upgrades.
I remind myself not to feel bad as they have four cars for three drivers so there are places they could cut back if they wanted to.
