infinite crisis 247
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i would let her leave. you would have had to raise the rent eventually, and 20 bucks is not that big of a deal. before the next tenant moves in, i would take a closer look at your pricing and price the apartment accordingly higher. after all, why should you shoulder all of the expenses when the cost of living increases? |
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towanda
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If your rent increase was fair, then that's her prerogative. I have always tried to rent my apartments and charge less rent than they are worth, hoping that they will stay. It's the empty apartment and cleaning that cost so much for me. It doesn't seem to do any good and everyone b*tches about the rent anyway. One of my clients is a large apartment complex and the manager told me I was being much too nice and that I should raise the rent $100 month and I thought that was excessive. I rented it with $90 increase with no problem. I've decided to charge the going rate from here on. I think that with the lower rate I got people that wanted more but really couldn't afford it but since I was lower. . .The tenants I have now can easily afford the rent. That works for me. |
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Charles
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Sounds like she was ready to move and that triggered it. Bummer. Times are very tuff right now with this economy. Everyones trying to save a buck. Im a renter also and my rent used to jump up 100 bucks a year. The landlords never fixed up the place or it took them forever to fix things that were wrong. Bottom line I left too. Market? It depends on what your place has to offer. If yours doesnt have central air and the place next door does for the same price or 20 bucks more, guess where im gonna go! But where I live I pay my utilities, water, waste, I do the yard work. Not sure really what your asking though. |
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?!
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most apartment complexes raise the rent yearly so you were not out of line with raising it nor the amount which was way less than most do. my daughter has been living in the same apartment for 3 yrs and the rent has been raised every year by at least $50 and this year it was $100 which in our area (Atlanta) is normal. the fact too that she was on a month to month was good for her but not you. did you require any sort of security deposit? i would keep it until she moves out and you've done the clean up and make sure she hasn't broken anything. it sounds like maybe she was considering moving out anyway but that the increase etc was just a reason. i think she will find though that apartment complexes will not only require a credit check, background check, large deposit and a higher rent and she will have to sign a 6 month - year contract...which considering what you have been renting is going to come as a complete shock to her.
i suggest once she's out, cleaning up, repaint and repair and do a little research into comparable rental properties to make sure you are charging the correct amount for the market. hopefully you will get someone who is not annoying and pays on time too. good luck. |
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XV
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Only 20 bucks?! Good riddens (i think that is how you spell it) to bad rubbish. |
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savethewhales
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It's different with everyone, so don't blame yourself if it was only twenty dollars. May'be she had to leave for something else entirely. Who knows? |
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Classy Granny
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I am a landlord and a $20 increase is not excessive. If your tenant left because of that you are better off. I to rent at below fair market value in hopes of having a tenant that wants to stay for more than a year. Even raising rent by $20 still keeps you below fair market. Get busy and find yourself a new tenant at the increased rate. |
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gafpromise
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You'd have to ask her what gives. I doubt it's because of the money, $20 is peanuts. |
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Expert Realtor
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That is the cost of doing business.
You have the right to give her a 30-day notice to raise the rent.
She has the right to choose not to pay it and give you a 30-day notice to vacate.
As a landlord, I don't do month-to-month tenancies. They are always a problem. At the end of the lease term, they have to either re-sign for 12 months or vacate. I also require a 60 day notice.
Before you raise rent for any tenant, you have to take a look at the market in your area....if you lose the tenant, how long will it take you to replace them? That can cost you alot more than $20 per month.
BTW: I have one tenant that pays his rent late every single month...I don't evict him b/c he also pays the late fee every single month...so that's pure profit for me. As long as he doesn't let it go 30 days, I'm good.
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Ruthie
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maybe she just couldn't afford it. $20 is a lot especially with the economy the way it is today, gas prices may be going down now that summer is over but it's still expensive and food prices are still up. It was fair of you to raise it and it's also fair of her to leave if she feels she can't meet that raised rent. No one is wrong here, just find someone else. |
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Pamalina
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Find another renter 20$ increase over 2years is very minor. |
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Sammy&Pete
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Im sure her leaving isnt over $20.00.... Heck, thats nothing.... Maybe she was already looking into moving. |
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Carefree
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It's your place and you can raise it to whatever you want...$20 is nothing...heck let her go..make sure your there when she leaves.you don't want her to take anything.and always change your keys..just to be in the safe side..I rent my rooms out too...and change the keys all the time... |
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Mark
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Im sure sum1 else will move in so let her leave |
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♥ƒaℓℓєη Ληgєℓ♥
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Ohh well she left. |
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The E
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I wouldn't worry about it too much. She lived there for how long with the same rent payment? The 3% increase can't be a whole lot compared to what she'll pay elsewhere. Besides, she saved money in the long run in paying the same price when everything else increased in price. I'd just tell her good luck finding something that never increases, or something cheap to rent. |
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Mheg
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You sound very nice so you raise the rent of $20 more um I had a friend this was a year ago she was talking about her lanlord that is trying to raise the rent but the place was old and she was having trouble with some things around the house so she move out. So hows your place? Is everything around that house works okey? nothing to complain about for this tenants? That might be the reason why. |
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Heathen
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$20 dollars less on her case just means she can't buy her smokes anymore !! shame on you!! But seriously, who would leave for that. I wouldn't worry about this. Business is Business. |
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nagabhata
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maybe she was ready to leave anyway but didn't think about it until she got your notice. |
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Angel J
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She probably had planned on moving anyway because what does she expect? My brothers rent had got raised about 100$. She has to figure that everything is going up..Did you ask her why?? |
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Sir Bigly Bigly
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Well, 30bucks in two years seems fair to me. Maybe it had nothing to do with the raise. |
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vareeabull
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$20 is no reason to leave.
She must have had another. |
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lovinglife139
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I am also a landlord and have found that no matter how small, tenants seem to get antsy and upset when you raise the rent. I understand this, however, many do not understand that landlord's expenses also go up. If your rent is below market, I have no doubt you will find someone else to move in soon enough. |
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farahwonderland2005
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You got rid of the annoyance. Maybe she found a better deal. Renting is a difficult business to be in. Seems like all of them are dirty and destructive. I told my tenants that it would be better for both of us if they hired someone to clean after they moved out so they could get their deposit back and I don't have to clean up after them. Still, they never did that. |
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Gill
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You should have let her know when moving in that it could be an increase in rent,and yes $20.00 is a lot to those who doesn't have it, and yes everything is going up, but not our pay check.....with her being there and never being late with her rent, was a good thing. now you won't get any money for it, for as long as you has no tenant, some money were better then no money at all.... |
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CharWiz
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Get someone else. If you feel she is annoying, she might feel the same way about you in some way. |
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♣ΔCrüxΔ♣
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And what do you want us to say about it?
That's business, as long as she's paying while she's there and she's not running out on the lease I don't see the problem. She's well within her rights to leave.
Perhaps you'll find a tenant you'll like better. |
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Broken
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First, I don't recommend renting month to month. Once their lease is up, renew it, 1 year minimum. I just notified my tenant that the rent may be going up depending on insurance and taxes. They were fine with it and appreciated the notice. Expenses go up. I would ask her why she is moving all of a sudden. Maybe, since you are on a month to month she is afraid of you raising it more often. Ask her if she would like to sign a lease (it protects both parties involved)
It is an investment and you don't want to be in the red every month. Maybe this is a blessing in disguise. |
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Trouble
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Maybe she was planning in leaving and the increase triggered it. Wish her well.
You may even be able to get an additional $20.00 per month on top of the increase with a new tenant.
Yes, tenants expect the rent to never get raised. Tenants think the landlord is greedy Mrs. Deep Pockets, getting rich off of the poor victim tenants.
Tenants have no idea of the operating costs of a rental - the taxes, insurance, utilities, repairs, upgrades and maintenance - all of which go up every year.
Your costs went up and this is a business, you pass as much as you can on to the tenants. That is how it works.
If gas prices go up, the gas station does not eat the added cost, they pass it on to the consumer. If grocery prices go up, the store does not eat the cost, they pass it on to the consumer. Even UPS and Fedex add fuel surcharges to the cost to ship a package. Their costs went up and they passed them on to the consumer.
I raised my rents this year - a little over 10% and my tenants griped about it and mentioned moving out. I told them that was fine with me and good luck finding a rental.
Had any of them actually moved out, the rents would have gone up an additional 3%.
The next time rent was due, they actually apologized for giving me a hard time because ... they could not find anything comparable to what they have in a similar location, with the amenities at the price they pay.
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786
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she probably found a cheaper aparment and she left, ppl nowadays don't want to pay extra bucks, they want to seach for something cheperr..(however i find you a very good landlord, i own my house now, but five years ago, i rented and my landlord increased my rent to 50 dollars more.).. |
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cb07104
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i think as the home owner you could have looked for alternatives before your gave her a notice on raising the rent. low flow heads on the shower and faucet those new spiral light bulbs. things like that
right now gas is up food id up and as a home owner, i assume you would be more capable to deal with the economy then a renter would. |
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