 Rent Increase (by Scott [OR]) May 10, 2010 9:04 PM
 Rent Increase (by KLK [CT]) May 11, 2010 9:56 AM
Rent Increase (by John [OR]) May 11, 2010 6:09 PM
Rent Increase (by Scott [OR]) Posted on: May 10, 2010 9:04 PM
Message:
State Specific Question About: Oregon
I have tenents who've been with me for eight years now. They've been very good. The rent has always been paid on time. They're a retired couple. the rental is a 2-bdrm/2-bath w/firplce condo that I've purposely kept the rental price down on. The place rents for $800/mo. I have a negative cash flow of $105/mo.since the new escrow and HOA fee increase. Last yr the neg cash flow was $60mo. I'd like to raise the rent by $15-40 a month.I don't want to risk losing the tenents though.Last years increase was $15/mo.
What is the best way for me for me to do this? The lease year ended April 30. I have yet to get the new lease sgreement to them. Thank you. --76.115.xxx.xxx |
Rent Increase (by KLK [CT]) Posted on: May 11, 2010 9:56 AM
Message:
Some will disagree w/ me, but personally if they are reasonable people I'd sit down and talk to them. Show them the numbers and that you've been losing money. Tell them you're sorry, but really can't lose even more money this year and ask them what they can handle/think is fair.
When I've done this with some good tenants they've been happy to have had input and sometimes offer more than I'd have asked. --72.10.xxx.xxx |
Rent Increase (by John [OR]) Posted on: May 11, 2010 6:09 PM
Message:
Betcha the tenants are expecting the increase/ You help your case if you can point to places where the rent is higher. I usually just send a letter saying rent is such and such due to increases in whatever it is. --75.26.xx.x |
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