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Updated over 6 years ago on . Most recent reply

User Stats

11
Posts
2
Votes
Renee Granger
  • Investor
  • Minneapolis, MN
2
Votes |
11
Posts

Property manager says I can't raise rent

Renee Granger
  • Investor
  • Minneapolis, MN
Posted

Hi,

I had a tenant move out after only 1 month. The rent was $525. My property manager is charging her until we get a new tenant in the unit, which I agree with, since she signed a one year lease and broke it. My question is this: I'd like to increase the rent to $570. She (prty mgr) says I can't do that. I can see the situation from both sides. How do I get a tenant at the higher rent for the next year, while still honoring previous tenants responsibility of paying $525 until it is rented?  Any suggestions would be great. Thanks!

Renee

Most Popular Reply

User Stats

12,349
Posts
14,975
Votes
John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
14,975
Votes |
12,349
Posts
John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
Replied

@Renee Granger You can charge the old tenant $525.00 and still look for a new tenant at $570. Maybe PM misunderstood what you are trying to do. PM works for you and you set the price. You don't ask, you direct PM.

  • John Underwood
  • Loading replies...