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Updated over 9 years ago, 06/05/2015

User Stats

64
Posts
9
Votes
Robert M.
  • Investor
  • Atlanta, GA
9
Votes |
64
Posts

Rent Increases

Robert M.
  • Investor
  • Atlanta, GA
Posted

Hi Everyone, 

I would like to increase rent but have a tenant that is telling my property manager that they are on fixed income and cannot afford higher rent.  The unit is rented under market value and I am only asking for small increase from $800/mo to $830.  

This tenant has been in the property for only one year and has been a good tenant and takes care of the place fairly well.  I dont want to be in a situation where they always push back and will need to get rent increase overtime.  The property taxes and expenses are on the rise.

What should I do?  I dont feel like my PM is helping me here...should I ask for their assistance?  What specifically should I tell the PM?  I think they simply forward my email stating that the increase was due to higher taxes and maintenance expenses.  

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