10% Rent Increase?

[surveyor]

NeetaT:

My property taxes for San Diego county alone have increased by 6%. There are also increased water fees, trash fees, and other increases down the line. My insurance for the properties have increased some because of the fires. Some HOA’s have increased their monthly fees.

There are lots of very legitimate reasons why rents should go up.

[zzz]

CONCHO- If you read the Recent Articles on here – No Housing Bottom in 2008, rents are falling. Don’t be afraid to make someone an offer. If you are a good tenant who isn’t throwing parties and appreciates keeping nice things nice, and you’re reliable for your rent, …there are condo owners out there who will rent at a price less than what they are asking so they can get a quality tenant. Looking at Craigslist you might think condo rents are going in the 1700-2K range in the Gaslamp for a 1 bdrm. Reality is that there are people paying 1300-1600 in fantastic locations (right in the heart of the Gaslamp /marina/ ballpark). Are you willing to move? If so, find a place to move, and let the mgmt co. know you’ll be moving in 30 days, unless of course the owner agrees to a lesser rent increase. If you move out, perhaps they’ll rent it the following month, but traditionally this time of year is slow. Is the owner willing to take a 1 or 2 month vacancy? If he/she can do simple math, it doesn’t compute to let you go.

[zzz]

CONCHO- If you read the Recent Articles on here – No Housing Bottom in 2008, rents are falling. Don’t be afraid to make someone an offer. If you are a good tenant who isn’t throwing parties and appreciates keeping nice things nice, and you’re reliable for your rent, …there are condo owners out there who will rent at a price less than what they are asking so they can get a quality tenant. Looking at Craigslist you might think condo rents are going in the 1700-2K range in the Gaslamp for a 1 bdrm. Reality is that there are people paying 1300-1600 in fantastic locations (right in the heart of the Gaslamp /marina/ ballpark). Are you willing to move? If so, find a place to move, and let the mgmt co. know you’ll be moving in 30 days, unless of course the owner agrees to a lesser rent increase. If you move out, perhaps they’ll rent it the following month, but traditionally this time of year is slow. Is the owner willing to take a 1 or 2 month vacancy? If he/she can do simple math, it doesn’t compute to let you go.

[zzz]

CONCHO- If you read the Recent Articles on here – No Housing Bottom in 2008, rents are falling. Don’t be afraid to make someone an offer. If you are a good tenant who isn’t throwing parties and appreciates keeping nice things nice, and you’re reliable for your rent, …there are condo owners out there who will rent at a price less than what they are asking so they can get a quality tenant. Looking at Craigslist you might think condo rents are going in the 1700-2K range in the Gaslamp for a 1 bdrm. Reality is that there are people paying 1300-1600 in fantastic locations (right in the heart of the Gaslamp /marina/ ballpark). Are you willing to move? If so, find a place to move, and let the mgmt co. know you’ll be moving in 30 days, unless of course the owner agrees to a lesser rent increase. If you move out, perhaps they’ll rent it the following month, but traditionally this time of year is slow. Is the owner willing to take a 1 or 2 month vacancy? If he/she can do simple math, it doesn’t compute to let you go.

[zzz]

CONCHO- If you read the Recent Articles on here – No Housing Bottom in 2008, rents are falling. Don’t be afraid to make someone an offer. If you are a good tenant who isn’t throwing parties and appreciates keeping nice things nice, and you’re reliable for your rent, …there are condo owners out there who will rent at a price less than what they are asking so they can get a quality tenant. Looking at Craigslist you might think condo rents are going in the 1700-2K range in the Gaslamp for a 1 bdrm. Reality is that there are people paying 1300-1600 in fantastic locations (right in the heart of the Gaslamp /marina/ ballpark). Are you willing to move? If so, find a place to move, and let the mgmt co. know you’ll be moving in 30 days, unless of course the owner agrees to a lesser rent increase. If you move out, perhaps they’ll rent it the following month, but traditionally this time of year is slow. Is the owner willing to take a 1 or 2 month vacancy? If he/she can do simple math, it doesn’t compute to let you go.

[zzz]

CONCHO- If you read the Recent Articles on here – No Housing Bottom in 2008, rents are falling. Don’t be afraid to make someone an offer. If you are a good tenant who isn’t throwing parties and appreciates keeping nice things nice, and you’re reliable for your rent, …there are condo owners out there who will rent at a price less than what they are asking so they can get a quality tenant. Looking at Craigslist you might think condo rents are going in the 1700-2K range in the Gaslamp for a 1 bdrm. Reality is that there are people paying 1300-1600 in fantastic locations (right in the heart of the Gaslamp /marina/ ballpark). Are you willing to move? If so, find a place to move, and let the mgmt co. know you’ll be moving in 30 days, unless of course the owner agrees to a lesser rent increase. If you move out, perhaps they’ll rent it the following month, but traditionally this time of year is slow. Is the owner willing to take a 1 or 2 month vacancy? If he/she can do simple math, it doesn’t compute to let you go.

[no_such_reality]

To watch the rental market, I look at Craigslist and MLS with a couple keywords, bedroom count and then parse the list for the 25th percentile. That eliminates the skew that is appearing because of the the wishing/desperation price rentals showing up.

What I’ve seen up in OC is prices trickling down and volume being consistent or slightly increasing. I see this because my volume count increases at the same point or reaches the same point at a lower figure.

Unfortunately, you’re about to experience the big negative of renting, an idiot landlord that wants to gouge and hence, you have to move.

[no_such_reality]

To watch the rental market, I look at Craigslist and MLS with a couple keywords, bedroom count and then parse the list for the 25th percentile. That eliminates the skew that is appearing because of the the wishing/desperation price rentals showing up.

What I’ve seen up in OC is prices trickling down and volume being consistent or slightly increasing. I see this because my volume count increases at the same point or reaches the same point at a lower figure.

Unfortunately, you’re about to experience the big negative of renting, an idiot landlord that wants to gouge and hence, you have to move.

[no_such_reality]

To watch the rental market, I look at Craigslist and MLS with a couple keywords, bedroom count and then parse the list for the 25th percentile. That eliminates the skew that is appearing because of the the wishing/desperation price rentals showing up.

What I’ve seen up in OC is prices trickling down and volume being consistent or slightly increasing. I see this because my volume count increases at the same point or reaches the same point at a lower figure.

Unfortunately, you’re about to experience the big negative of renting, an idiot landlord that wants to gouge and hence, you have to move.

[no_such_reality]

To watch the rental market, I look at Craigslist and MLS with a couple keywords, bedroom count and then parse the list for the 25th percentile. That eliminates the skew that is appearing because of the the wishing/desperation price rentals showing up.

What I’ve seen up in OC is prices trickling down and volume being consistent or slightly increasing. I see this because my volume count increases at the same point or reaches the same point at a lower figure.

Unfortunately, you’re about to experience the big negative of renting, an idiot landlord that wants to gouge and hence, you have to move.

[no_such_reality]

To watch the rental market, I look at Craigslist and MLS with a couple keywords, bedroom count and then parse the list for the 25th percentile. That eliminates the skew that is appearing because of the the wishing/desperation price rentals showing up.

What I’ve seen up in OC is prices trickling down and volume being consistent or slightly increasing. I see this because my volume count increases at the same point or reaches the same point at a lower figure.

Unfortunately, you’re about to experience the big negative of renting, an idiot landlord that wants to gouge and hence, you have to move.

[Anonymous]

Submitted by surveyor on January 8, 2008 – 7:36pm.
NeetaT:

My property taxes for San Diego county alone have increased by 6%. There are also increased water fees, trash fees, and other increases down the line. My insurance for the properties have increased some because of the fires. Some HOA’s have increased their monthly fees.

There are lots of very legitimate reasons why rents should go up.

With the economy heading in the direction it’s going in, there aren’t any legitimate reasons to raise rents at this time. As a landlord, I suggest you “suck it up” as they say.

[Anonymous]

Submitted by surveyor on January 8, 2008 – 7:36pm.
NeetaT:

My property taxes for San Diego county alone have increased by 6%. There are also increased water fees, trash fees, and other increases down the line. My insurance for the properties have increased some because of the fires. Some HOA’s have increased their monthly fees.

There are lots of very legitimate reasons why rents should go up.

With the economy heading in the direction it’s going in, there aren’t any legitimate reasons to raise rents at this time. As a landlord, I suggest you “suck it up” as they say.

[Anonymous]

Submitted by surveyor on January 8, 2008 – 7:36pm.
NeetaT:

My property taxes for San Diego county alone have increased by 6%. There are also increased water fees, trash fees, and other increases down the line. My insurance for the properties have increased some because of the fires. Some HOA’s have increased their monthly fees.

There are lots of very legitimate reasons why rents should go up.

With the economy heading in the direction it’s going in, there aren’t any legitimate reasons to raise rents at this time. As a landlord, I suggest you “suck it up” as they say.

[Anonymous]

Submitted by surveyor on January 8, 2008 – 7:36pm.
NeetaT:

My property taxes for San Diego county alone have increased by 6%. There are also increased water fees, trash fees, and other increases down the line. My insurance for the properties have increased some because of the fires. Some HOA’s have increased their monthly fees.

There are lots of very legitimate reasons why rents should go up.

With the economy heading in the direction it’s going in, there aren’t any legitimate reasons to raise rents at this time. As a landlord, I suggest you “suck it up” as they say.

[Author]

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