10% Rent Increase?

[blahblahblah]

Just got a 10% increase on my rent from my management company. I talked with the guys there and they said that the owner wants to raise the rent to reflect the market value. The management company tried to talk him out of it but he wasn’t having it. Maybe his ARM is resetting or something. Anyway, I’ve been here for a couple of years, never had a late payment, have excellent credit, etc… I think I’m a good renter. I’d be okay with a 2-3% increase but even that seems silly when the economy is melting down and all of these new condos downtown (where I live) are dark every night.

Anyway, are any of the other renters out there facing rent increases? I just checked craigslist and the asking rents are pretty steep on a lot of the condo type places. There seem to be a LOT of properties available too.

[barnaby33]

I got a 14% increase which takes effect next month. I’m looking at getting a wine storage locker so I can move more easily. As much as I feel I’m getting gouged, moving is just to painful to do very often.

Josh

[barnaby33]

I got a 14% increase which takes effect next month. I’m looking at getting a wine storage locker so I can move more easily. As much as I feel I’m getting gouged, moving is just to painful to do very often.

Josh

[barnaby33]

I got a 14% increase which takes effect next month. I’m looking at getting a wine storage locker so I can move more easily. As much as I feel I’m getting gouged, moving is just to painful to do very often.

Josh

[barnaby33]

I got a 14% increase which takes effect next month. I’m looking at getting a wine storage locker so I can move more easily. As much as I feel I’m getting gouged, moving is just to painful to do very often.

Josh

[barnaby33]

I got a 14% increase which takes effect next month. I’m looking at getting a wine storage locker so I can move more easily. As much as I feel I’m getting gouged, moving is just to painful to do very often.

Josh

[surveyor]

I raised the rents of my two rentals here in San Diego by 5% in 2007. While there are probably a lot of rental units available, they tend to be the really expensive ones…

One of the threads awhile ago had a property manager saying that they were at capacity, even while raising rents…

[surveyor]

I raised the rents of my two rentals here in San Diego by 5% in 2007. While there are probably a lot of rental units available, they tend to be the really expensive ones…

One of the threads awhile ago had a property manager saying that they were at capacity, even while raising rents…

[surveyor]

I raised the rents of my two rentals here in San Diego by 5% in 2007. While there are probably a lot of rental units available, they tend to be the really expensive ones…

One of the threads awhile ago had a property manager saying that they were at capacity, even while raising rents…

[surveyor]

I raised the rents of my two rentals here in San Diego by 5% in 2007. While there are probably a lot of rental units available, they tend to be the really expensive ones…

One of the threads awhile ago had a property manager saying that they were at capacity, even while raising rents…

[surveyor]

I raised the rents of my two rentals here in San Diego by 5% in 2007. While there are probably a lot of rental units available, they tend to be the really expensive ones…

One of the threads awhile ago had a property manager saying that they were at capacity, even while raising rents…

[ucodegen]

My rent went up 4.5% this year (for ’08 period). It is a lease, not a month to month. I generally try to talk them down. Last year I was able to avoid the increase for that year (’07). My 06 was a 7% increase. Be polite and back up your contentions as to why the rent should not be increased. Being a good renter is nice, but so is being flexible on moving and willing to do it(Having a 1 ton 4×4 pickup as one of my vehicles sort of makes it easy to move.). The rents are going up due to foreclosures forcing people back to renting while the bank sits on the inventory. I think the banks are hoping that keeping the inventory tied up shifts the rent-buy breakpoint.

Compare your rent to equivalents in the area. If equivalents are lower, might as well move. See if you can negotiate a cut or first month off on move in deal..

[ucodegen]

My rent went up 4.5% this year (for ’08 period). It is a lease, not a month to month. I generally try to talk them down. Last year I was able to avoid the increase for that year (’07). My 06 was a 7% increase. Be polite and back up your contentions as to why the rent should not be increased. Being a good renter is nice, but so is being flexible on moving and willing to do it(Having a 1 ton 4×4 pickup as one of my vehicles sort of makes it easy to move.). The rents are going up due to foreclosures forcing people back to renting while the bank sits on the inventory. I think the banks are hoping that keeping the inventory tied up shifts the rent-buy breakpoint.

Compare your rent to equivalents in the area. If equivalents are lower, might as well move. See if you can negotiate a cut or first month off on move in deal..

[ucodegen]

My rent went up 4.5% this year (for ’08 period). It is a lease, not a month to month. I generally try to talk them down. Last year I was able to avoid the increase for that year (’07). My 06 was a 7% increase. Be polite and back up your contentions as to why the rent should not be increased. Being a good renter is nice, but so is being flexible on moving and willing to do it(Having a 1 ton 4×4 pickup as one of my vehicles sort of makes it easy to move.). The rents are going up due to foreclosures forcing people back to renting while the bank sits on the inventory. I think the banks are hoping that keeping the inventory tied up shifts the rent-buy breakpoint.

Compare your rent to equivalents in the area. If equivalents are lower, might as well move. See if you can negotiate a cut or first month off on move in deal..

[ucodegen]

My rent went up 4.5% this year (for ’08 period). It is a lease, not a month to month. I generally try to talk them down. Last year I was able to avoid the increase for that year (’07). My 06 was a 7% increase. Be polite and back up your contentions as to why the rent should not be increased. Being a good renter is nice, but so is being flexible on moving and willing to do it(Having a 1 ton 4×4 pickup as one of my vehicles sort of makes it easy to move.). The rents are going up due to foreclosures forcing people back to renting while the bank sits on the inventory. I think the banks are hoping that keeping the inventory tied up shifts the rent-buy breakpoint.

Compare your rent to equivalents in the area. If equivalents are lower, might as well move. See if you can negotiate a cut or first month off on move in deal..

[Author]

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