Is Annual Rent Increases the Right Choice for Landlords?
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Published 2022-07-20
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All Comments (7)
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I think individual landlords are probably with the greatest, but the out-of-state investors come in and buy out properties that have many units. Then Jack, they're rent up by a couple 100. Vacate Or force eviction for those who cannot make that rent. And then they market and rebrand the apartment for those that live outside of the area in hopes that they can be apart of the current market around them. But they also don't keep up with maintenance related needs. I've seen documentaries about these luxury style apartments that are not actually luxury and have many problems that were neglected. DC is an example.
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I like how you didn't spend one whole second considering the wellbeing of the property, the community, or the residents in question. I understand that to most of you, renters are merely a means to an end, but unequivocally saying "yes" to yearly rent increases no matter what show you don't see the big picture. This Dave Ramsey greed led by the boomer generation is killing our economy. It's like you either don't understand inflation or it just isn't important to you, as long as you can stay ahead.
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No I will never increase it unless the cost skyrockets. I have good tenants and I make good income. They deserve a house they can afford
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I live in a single room my landlord increased the rent from 550 to 700 .He increase rent every month by 100 am seeking advice
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Or they pay the rent every month on time and keep it nice
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When you say "the ministry", whom are you referring to?
