Raise my rent?

[patientrenter]

Well the latest CPI-U (for October) is 1% higher than it was 2 years earlier (October 2008). So their increase is 3 times the rate of inflation.

I’d say that is too high for a good tenant in the current economic environment. If they push that on you anyway, they don’t respect you, or reality.

[Anonymous]

We had this as well. It’s a free market. We made a compelling argument to our landlord, with several pages of Craigslist comps, that we were paying over market, and negotiated a rent decrease.

You should at least check CL to see if you’re paying market rates, or could do better. And show the landlord the comps. Yes, it costs you $1K to move (plus hassle), but the landlord also loses at least 1 month of rent…that’s likely more than $1K. You have more leverage than you think.

Of course, if you find you’re getting a deal, best to just keep quiet and pay the doggone 3%.

It’s not about respect, it’s about market realities.

[Anonymous]

We had this as well. It’s a free market. We made a compelling argument to our landlord, with several pages of Craigslist comps, that we were paying over market, and negotiated a rent decrease.

You should at least check CL to see if you’re paying market rates, or could do better. And show the landlord the comps. Yes, it costs you $1K to move (plus hassle), but the landlord also loses at least 1 month of rent…that’s likely more than $1K. You have more leverage than you think.

Of course, if you find you’re getting a deal, best to just keep quiet and pay the doggone 3%.

It’s not about respect, it’s about market realities.

[Anonymous]

We had this as well. It’s a free market. We made a compelling argument to our landlord, with several pages of Craigslist comps, that we were paying over market, and negotiated a rent decrease.

You should at least check CL to see if you’re paying market rates, or could do better. And show the landlord the comps. Yes, it costs you $1K to move (plus hassle), but the landlord also loses at least 1 month of rent…that’s likely more than $1K. You have more leverage than you think.

Of course, if you find you’re getting a deal, best to just keep quiet and pay the doggone 3%.

It’s not about respect, it’s about market realities.

[Anonymous]

We had this as well. It’s a free market. We made a compelling argument to our landlord, with several pages of Craigslist comps, that we were paying over market, and negotiated a rent decrease.

You should at least check CL to see if you’re paying market rates, or could do better. And show the landlord the comps. Yes, it costs you $1K to move (plus hassle), but the landlord also loses at least 1 month of rent…that’s likely more than $1K. You have more leverage than you think.

Of course, if you find you’re getting a deal, best to just keep quiet and pay the doggone 3%.

It’s not about respect, it’s about market realities.

[Anonymous]

We had this as well. It’s a free market. We made a compelling argument to our landlord, with several pages of Craigslist comps, that we were paying over market, and negotiated a rent decrease.

You should at least check CL to see if you’re paying market rates, or could do better. And show the landlord the comps. Yes, it costs you $1K to move (plus hassle), but the landlord also loses at least 1 month of rent…that’s likely more than $1K. You have more leverage than you think.

Of course, if you find you’re getting a deal, best to just keep quiet and pay the doggone 3%.

It’s not about respect, it’s about market realities.

[patientrenter]

[quote=BadSquirrel]….It’s not about respect, it’s about market realities.[/quote]

If the market reality is that the 3% is too high, and they try to push it on you anyway, then they really don’t respect you.

[patientrenter]

[quote=BadSquirrel]….It’s not about respect, it’s about market realities.[/quote]

If the market reality is that the 3% is too high, and they try to push it on you anyway, then they really don’t respect you.

[patientrenter]

[quote=BadSquirrel]….It’s not about respect, it’s about market realities.[/quote]

If the market reality is that the 3% is too high, and they try to push it on you anyway, then they really don’t respect you.

[patientrenter]

[quote=BadSquirrel]….It’s not about respect, it’s about market realities.[/quote]

If the market reality is that the 3% is too high, and they try to push it on you anyway, then they really don’t respect you.

[patientrenter]

[quote=BadSquirrel]….It’s not about respect, it’s about market realities.[/quote]

If the market reality is that the 3% is too high, and they try to push it on you anyway, then they really don’t respect you.

[DWCAP]

Assuming your rent is at/very near/below market rents, Id pay up. 1.5% isnt a bad increase per year. However, I would hit them up for all the repairs that you feel are justified (not just what you want). If they wanna raise the rent, then they can put that money back into the property in needed repairs. That way you are kinda getting your monies worth out of the increase.

[DWCAP]

Assuming your rent is at/very near/below market rents, Id pay up. 1.5% isnt a bad increase per year. However, I would hit them up for all the repairs that you feel are justified (not just what you want). If they wanna raise the rent, then they can put that money back into the property in needed repairs. That way you are kinda getting your monies worth out of the increase.

[DWCAP]

Assuming your rent is at/very near/below market rents, Id pay up. 1.5% isnt a bad increase per year. However, I would hit them up for all the repairs that you feel are justified (not just what you want). If they wanna raise the rent, then they can put that money back into the property in needed repairs. That way you are kinda getting your monies worth out of the increase.

[DWCAP]

Assuming your rent is at/very near/below market rents, Id pay up. 1.5% isnt a bad increase per year. However, I would hit them up for all the repairs that you feel are justified (not just what you want). If they wanna raise the rent, then they can put that money back into the property in needed repairs. That way you are kinda getting your monies worth out of the increase.

[Author]

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