10% Rent Increase?

[an]

[quote=rlg7_98]Here’s another data point:

Gables Summerset (SD CA 92126) 6-mo lease 1 br = $1225/mo in June 2009

Renewed Dec 2010 for 1 year = $1288/mo

That’s a 5% increase in six months.[/quote]
Wow, over 1200 for a 1 bedroom in Mira mesa? I thought they’re still around 1k.

[akbarpunjabi]

Just moved and got myself a 12.5% discount on my monthly rent for 2011. Same condo complex and identical floorplan. Previous was an individual owner directly. This new one is managed by a company. I’m in Mission Valley and I went from 1 parking spot to 2 parking spots. The new neighbors cannot be any worse than the old neighbors so that will be an upgrade also. My old landlord may be in for a rude awakening regarding rents when he tries to find his next tenant. I explained everything to him before moving and he still thinks he is priced right for how nice his unit is.

[akbarpunjabi]

Just moved and got myself a 12.5% discount on my monthly rent for 2011. Same condo complex and identical floorplan. Previous was an individual owner directly. This new one is managed by a company. I’m in Mission Valley and I went from 1 parking spot to 2 parking spots. The new neighbors cannot be any worse than the old neighbors so that will be an upgrade also. My old landlord may be in for a rude awakening regarding rents when he tries to find his next tenant. I explained everything to him before moving and he still thinks he is priced right for how nice his unit is.

[akbarpunjabi]

Just moved and got myself a 12.5% discount on my monthly rent for 2011. Same condo complex and identical floorplan. Previous was an individual owner directly. This new one is managed by a company. I’m in Mission Valley and I went from 1 parking spot to 2 parking spots. The new neighbors cannot be any worse than the old neighbors so that will be an upgrade also. My old landlord may be in for a rude awakening regarding rents when he tries to find his next tenant. I explained everything to him before moving and he still thinks he is priced right for how nice his unit is.

[akbarpunjabi]

Just moved and got myself a 12.5% discount on my monthly rent for 2011. Same condo complex and identical floorplan. Previous was an individual owner directly. This new one is managed by a company. I’m in Mission Valley and I went from 1 parking spot to 2 parking spots. The new neighbors cannot be any worse than the old neighbors so that will be an upgrade also. My old landlord may be in for a rude awakening regarding rents when he tries to find his next tenant. I explained everything to him before moving and he still thinks he is priced right for how nice his unit is.

[akbarpunjabi]

Just moved and got myself a 12.5% discount on my monthly rent for 2011. Same condo complex and identical floorplan. Previous was an individual owner directly. This new one is managed by a company. I’m in Mission Valley and I went from 1 parking spot to 2 parking spots. The new neighbors cannot be any worse than the old neighbors so that will be an upgrade also. My old landlord may be in for a rude awakening regarding rents when he tries to find his next tenant. I explained everything to him before moving and he still thinks he is priced right for how nice his unit is.

[Anonymous]

About 3.5 years ago, my landlord who had a split level home that looked worse than any that have been on the TV show “Hoarders”, made a deal with me that if I went in, cleared out the home, gutted it, renovated it, and used my own money to do it that he would let me live there for free, and then slowly increase the rent so he would have a tenant on the property to look after his mother (who told me about the place and offered it to me for $200 per month). I took that place from the brink of being condemned to a beautiful Carlsbad beach rental. The lower level that I live in is across the street from the beach, two bedrooms, one bath, kitchen, and living room. It has a front and back yard that took me 60 trips to the dump to clear out. I put astro turf in the front yard and built a custom deck. The back yard is now all grass, with a nice tree and a custom fire pit. Anyway, originally I was living there for $200 per month until his mother died (who owned the house and was living upstairs). Then he increased the rent to $350. Last year he bumped it up from $350 to $750. Yesterday he contacted me and said he plans on raising the rent to between $1600 and $2000 per month in June (as fair market value). What can I do about this???

[sdduuuude]

You can produce a contract from 2008 that says he can’t do that.

[Anonymous]

It has all been via verbal agreement and e-mail exchange.

[Coronita]

[quote=Firefighter Dave]It has all been via verbal agreement and e-mail exchange.[/quote]

If it were verbal agreements only, I’d say you would be s.o.l… Verbal agreements in the 21st century stick as much as Kim Kardashian sticks to Kris Humphries. People this day an age never say what the mean. In other words, most people these days flat out lie and say one thing and do the other….

Email, though might be good thing. Did he respond to you on email specifically agreeing to said things of how much your “slow rent increase would be”?
If so, why don’t you dig up that email copy him on it and tell him, “hey dude, remember what you promised?”

If not, I’m sorry you’re probably s.o.l… Because how exactly “slow rent increase” defined?

In the future, I would never EVER offer to a landlord to do ANY home improvement unless you have a write contract of him/her paying you back immediately in terms of free rent for Y months/years for exactly this situation you are in.

Calculate how much you spent on the home improvements (minus your labor, because I guess that’s a going to be a wash), and show him her the receipts, and if it’s still more than how much a discount you’ve gotten off in rent so far, maybe he/she won’t be such a jerk and rip you off and try to be fair (doubt it though). On the other hand, if how much you got off of your rent so far is already more than how much you spent, well i guess it’s fair for him to jack up the rent to market value now.

[Author]

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