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
Seattle Real Estate Forum
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 almost 7 years ago on . Most recent reply

User Stats

1,888
Posts
1,047
Votes
Jack B.
  • Rental Property Investor
  • Seattle, WA
1,047
Votes |
1,888
Posts

Have you raised rents due to property tax increases this year?

Jack B.
  • Rental Property Investor
  • Seattle, WA
Posted

Almost each of my properties went up by $100 a month more added to my mortgage payment due to rising property taxes (I pay my insurance and taxes through escrow).

As tempted as I am to pass the expense on to my tenants, I'm also wary of them moving out as a result which would cost me even more (vacancy, turn over repairs, time, hassle, etc.). 

At the same time, paying the extra few hundred bucks a month out of my own pocket doesn't exactly sound like a great option either. 

Option A: Leave rents the same...

Option B: Split the rent increase with them...

Option C: Or pass the full rent increase along to all of them? 

Option D: If any of them balk at the rent increase I could decide to back out of the rent increase as well by telling them I've decide to not increase the rent after all, etc. The concern here is I try to keep my hassle free pay on time tenants. If they decide to look as a result of the increase and find a better deal, I've lost even more money and time, not to mention added a lot more hassle to my life trying to turn the property again...

Loading replies...