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Updated over 3 years ago,
"Shouldn't Landlords Feel Guilty about raising rent?"
I was talking about Real Estate Investing with some people at Home Show event, and as I was talking about getting rents up to market rates. A lady in the conversation asked me if I felt guilty about that (raising rents to market value). Almost as if rents should stay the same forever.
I told her "of course I don't feel guilty, because I try to do everything in the correct way. And as someone that provides housing and services to people that need them, I feel quite the opposite." But the thing that really got me about the question she posed was that potentially, there are a lot of people out there that feel it is shameful to raise rents and therefore something to feel guilty about. How have/would you answer her question. And how does that perception get corrected? How do Landlords/ Property Management Companies help your tenants understand incremental rent increases, especially when rents are well below market averages?
- Tyler Rowland
- [email protected]
- 435-592-4002