Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
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

All Forum Posts by: Jennifer Arton

Jennifer Arton has started 2 posts and replied 2 times.

Post: Adjusting Lease Renewals for Inflation

Jennifer ArtonPosted
  • Property Manager
  • Reno, NV
  • Posts 2
  • Votes 0

I come from more of a commercial background but now only residential. 

Typically, in Commercial leases you have yearly increases based on the CPI.. right now it's 6.2% for the last year!

CPI Home : U.S. Bureau of Labor Statistics (bls.gov)

EVERYTHING IS UP! So, in order to keep up with my expenses and ROI, I feel like it's only fair to pass that increase on to the tenants, if the law allows it. So my questions is how are you all going about raising the rent in this unprecedented era, I mean no generation has gone through what we are going through with the scamdemic, etc..

I am not a fan of gouging the tenants, especially mine who are good rent paying tenants, but at the same time, I don't want to lose money... We are going to see record inflation in the next year, how do we as landlords recoup that and keep our good tenants? TIA for ideas and suggestions. 

Side note: my leases the tenants all pay their own utilities 

Anybody else having issues with Zillow? People don't get my messages back to their inquiries. I know this because then they reach out on Apt.com or Zumper and say they never got a message from me. Then they disappear. I've been managing properties for 12 years, working with my family's commercial business and now doing my own residential properties. NEVER had issues renting out properties. 

I'm very frustrated because I still haven't rented a beautiful new townhome I just got doing a 1031, in Vinings, GA. Very upscale and nice area, gated swim community, inside the perimiter, I've lowered my price to be more competitive, still can't figure out why it is sitting on the market. ALSO we got scammer, bait and switch applicants!! HORRIBLE, people with weird emails and simple searches on myfamilytreenow can see that their "family" reference is not even associated with them.. they think we are stupid? So where have the good tenants gone?

My other property down the road, no issues, my property in Alpharetta, no problems, my properties in Alabama NO PROBLEMS... just this one. Is there a way to know if there is a "word on the street" about this development... I'm really at a loss and my realtor doesn't know... thanks