Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

User Stats

287
Posts
102
Votes
Ed B.
  • Real Estate Investor
  • Sacramento, CA
102
Votes |
287
Posts

I just "ruined" my tenant's Christmas (unintentionally)

Ed B.
  • Real Estate Investor
  • Sacramento, CA
Posted

Following what I thought was usual procedure for instituting yearly rent increases , I just sent a tenant a rent increase notice to be effective January 1st. Bumped rent about 10%, or $130.

It wasn't more than two days when she called me, yelling on the phone, quite upset that my actions were now going  to deprive her  of being able to provide "Christmas" for her family, yada, yada, yada.   I empathized with her, and certainly don't want to  be like a grinch, but made me realize maybe my timing was bad. Maybe I should have waited until February or March to raise rent, or do it in November instead?  Has anyone else encountered this?  

Most Popular Reply

User Stats

12,485
Posts
15,227
Votes
John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
15,227
Votes |
12,485
Posts
John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
Replied

I think October or February would be better. Also 10% is a big jump. I would limit it to 3% - 5%.

  • John Underwood
  • Loading replies...