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All Forum Posts by: Kar Sun

Kar Sun has started 20 posts and replied 364 times.

Quote from @Jason Smith:

There are too many replies to this post and the OP is getting too emotional about the tenant not being grateful for providing him a nice property under market rent.

My property insurance went up 10% but the counties cost didn't go up that much. My lawnmower wants another $10/cut but I know he isn't passing all that on to his workers or the extra 50 cents in gas in gas he spends on my tiny lots. I have 2 options, just like your tenant, find someone cheaper or suck it up. Doesn't mean I have to be happy about it.

 Ok, you can have your opinion. If you will tell your lawn man that he is coercing you into cutting you lawn and that he makes you sign a contract under "duress" I do not think he will come back to you. You are basically accusing him of wrongdoing and some legal misconduct. This is what my tenant has done. I am not emotional. I am just stating the obvious. Having a tenant in your property that despises you and thinks you are stealing extra $400 monthly spells trouble. This person will most likely keep placing all sorts of calls and issues. The problem is that he is highly volatile and emotional about this price hike when he can afford it. That is not how mature people behave. And, yes, I do expect my tenant to be grateful because he gets a nice place to live while paying 700-800 below the market rate.

Quote from @Debbie Woodruff:
Quote from @Kar Sun:
Quote from @Bill B.:

Exactly. Then situation #2 occurs. The tenant finds out you are still being generous with your rates. And either they pay it because they love their standard of living and hate moving. Or realize they can no longer afford their same standard of living. I assume you wouldn’t write your tenant a check every month for $400. That’s basically what you’d doing when charging under market.  PLUS, if the “saviors” ever come in and pass rent control you’re screwed because you were nice. 

GL. 


 He was actually pretty mean when texting me stating that my property is not worth it and it is a money grab.

He was also saying that my mortgage did not change and that he was checking with the neighbors.

I really do not like that he is doing all this snooping.

That does not look good.

Also he stated if he accepts it is under a duress.

I really do not want to have a relationship with a tenant who sees the contract as a "duress".

I am not sure why he is doing it, perhaps he has been traveling a lot and is stressed.


 Just because your mortgage payment has not increased, does not mean everything else has. Insurance, maintenance, etc, have all increased. Repair cost has exploded and if anything has to be replaced. 

The way I see it, you have followed your lease contract with notices, amount of increase, etc. If he fails to acknowledge at the time of increase with the funds or notice to vacate; start eviction process.

To me threatening with "duress" is unacceptable.


 Good points. I will just let him now that I will not renew so he does not have to bother to get me the offer form back. I won't do an eviction as there is no need at this point and he had about 70 days to the end of his lease. 

Quote from @Harish V.:

Let Tenant know offer expires 7 days after presenting and is subject to change. Increase offer by 100$ each week.

4 weeks before lease end. Say no more offer.


 Thanks. But I do not want him. Not for the discounted offer, not for a full price. He is highly unhappy and those people do not make good tenants. He wants me to be losing the income where he can save more money. Then I will be good. It does not work for me. 

Quote from @James Wise:
Quote from @Kar Sun:

I have a tenant that pays on time and keeps place clean.

I also offer him a desirable place to live that is being taken care of.

To me nice tenant is not the one who expects me to subsidize their rent. 

I provide a service and a roof and that is why I have responsible tenants that I chose to have a professional relationship with.

The place has lot of very desirable amenities and has a great location..

He has been with me for 3 years and I have only raised rent $125 in all these years and last year there was no rate increase.

However, things have changed.

I have expenses, taxes and other costs that must be covered as otherwise I will be in negative..

Also, there is a lot of demand.

I sent a very nice letter to a tenant stating the data and a comparison rate with the market properties.

In my market rental properties went up 124%.

The hike is $400.

Small apartments in my area go for the same as my discounted rate for him.

But the place is spacious and is a townhouse.

He is highly unhappy.

He calls it is a money grab.

He is saying that he is under duress if he decides to stay as summer is a busy season for him.

Well, the contract ends end of summer and the rate increase letter went out prior to that.

There is no rent control in my state.

And in my state I do not even have to send rent increase letters.

This tenant makes 300K in income.

I have been nice responding to his texts but it makes me think if I actually want to keep dealing with him.

He states that my property is not worth the increase.

Well, my property is in such a location and  condition that it is difficult to find anything similar.

It is also a business.

Any one wants to share a relevant experience?

Please do not bother to send me points on how to write letters to tenants; mine was very much to a point with all the data, comparison photos, prices....

I just think if as a business person himself he does not value my business why should I renew the contract especially now he says he is under duress.


 Never met a tenant who was happy about getting a rent increase. If you think it's the right move for your bottom line, then the tenant's feelings are irrelevant.


 Yes, I would not be happy either. But then I would make the decision whether I wanted to pay and keep my lifestyle or size down and get used to less convenience, comfort, and amenities. It is that simple. I would not tell my landlord that he is "a money grabber", and his property is not worth it, and that his raise is laughable and ridiculous, and that he will sign under "duress". It is called emotional immaturity. All he has to do is to look at the prices of properties and rents now to see that he is getting a steal. He is also a person of means. He is not some poor Joe that has to work at the store as a cashier or deliver pizza. He just wants what he wants and his model of business and conduct no longer works for me. It is that simple.

Quote from @Nathan Gesner:
Quote from @Kar Sun:
I would rescind the offer. You're not legally obligated to leave it hanging for his convenience.

He's not a fair person. He wants to screw you to better his situation, then he'll probably break the lease and buy something with all the money he's saving.

$300 below market is $3,600 that you are supplementing him.

Tell him you've changed your mind and will not extend his lease because you need market rate. He can pay it and save the moving costs, or he can move somewhere else and you can find someone willing to pay you what you are worth.

 Thank you. You got it right. I scheduled a call with him as sending him certified letters is useless because he is away most of the months this summer. He does not respond to the messenger system in a tenant portal and he does not respond to email. He may respond to texts. Although he has to send the form back to me by July 1st I will convey the message to him during the call and send  communications regarding non renewal via messenger and email at the same time for archiving purposes. He is mostly concerned about his own business and now I can definitely see that his obligations to me are not the priority. There were couple of other things I did not pursue like him not getting the renters personal liability insurance to the limit I set and a persistent refusal to report issues via a ticketing system (because he is too busy). He got into a habit of texting me and I was going along with it despite my contract saying otherwise. 

Quote from @Jake Knight:

I would definitely increase the rent let's say 3% depending on your market.  I agree with the philosophy of doing it in smaller increments as well maybe $50-$100 at a time.  You don't have to justify it with your tenant either, it's a business.  Tenants will try to personalize everything.  If the tenant starts looking at comp properties in the same location he should realize you're being reasonable and won't be incentivized to move.  On the flip side, if you feel like you could get market rent with a short vacancy $400 under market is significant you may give him notice or the option to pay market rent. I see either option as a win-win. If he stays, no vacancy and good renter. If he moves, better cash flow but some vacancy and some uncertainty about new renter.


 I am not looking to renew my lease with him after he expressed his deep dissatisfaction and disappointment. He also stated that if he signs it will be under "duress". I cannot have any tenant on my property who uses such words. It is a legal term and I do not want to have anyone on my property who feels that way. It is a trouble in making. My gut says No. And I will follow it. 

Quote from @Wale Lawal:

Hello Kar,

You have hiked the rent $125 in last 3 years, so even though the rental properties went up 124% in your area, a hike of $400 might be to big for him at one shot. Please discuss with him and figure out a plan to hike the rent gradually.

All the best!


 Thanks Wale. My decision is final. And I actually won't renew his lease after he told me all the "compliments" for my outstanding service. I would rather rent it to someone who loves the property and appreciates my work.

Quote from @Bruce Woodruff:
Quote from @Harish V.:

People that vote like that are not smart enough to understand......


 They are sure dim wits and useful idiots. They vote for more taxes, more regulations, more three letter agencies. When the bureaucracy gets huge, costly, inefficient. Everything gets more expensive, services degrade, too many laws, regulations chocking the small business owner and essentially destroying the middle class. On one end these agencies create tougher useless rules, on another end they allow for more problems so that they can keep the racket going. And this whole industry of attorneys is feeding on this. In the end the consumer pays with their finances or their lives. It is mafia. But they love to find an invisible enemy. Landlords are now the enemies because they apparently cause the inflation and create laws and rules. Go figure. We need to get rid of these HUDs and all three letter dangerous and corrupt privately funded lobbyist organizations.

Quote from @Harish V.:
Quote from @Kar Sun:

I have a tenant that pays on time and keeps place clean.

I also offer him a desirable place to live that is being taken care of.

To me nice tenant is not the one who expects me to subsidize their rent. 

I provide a service and a roof and that is why I have responsible tenants that I chose to have a professional relationship with.

The place has lot of very desirable amenities and has a great location..

He has been with me for 3 years and I have only raised rent $125 in all these years and last year there was no rate increase.

However, things have changed.

I have expenses, taxes and other costs that must be covered as otherwise I will be in negative..

Also, there is a lot of demand.

I sent a very nice letter to a tenant stating the data and a comparison rate with the market properties.

In my market rental properties went up 124%.

The hike is $400.

Small apartments in my area go for the same as my discounted rate for him.

But the place is spacious and is a townhouse.

He is highly unhappy.

He calls it is a money grab.

He is saying that he is under duress if he decides to stay as summer is a busy season for him.

Well, the contract ends end of summer and the rate increase letter went out prior to that.

There is no rent control in my state.

And in my state I do not even have to send rent increase letters.

This tenant makes 300K in income.

I have been nice responding to his texts but it makes me think if I actually want to keep dealing with him.

He states that my property is not worth the increase.

Well, my property is in such a location and  condition that it is difficult to find anything similar.

It is also a business.

Any one wants to share a relevant experience?

Please do not bother to send me points on how to write letters to tenants; mine was very much to a point with all the data, comparison photos, prices....

I just think if as a business person himself he does not value my business why should I renew the contract especially now he says he is under duress.

If you want to be nice explain  tax and inflation are causing this, so they can vote correctly when parcel tax and other measures appear on ballot.

Although you do not need to tell them anything, just provide option and let them decide. The said person is making 300k/yr as per you, so is very aware of increases in pay and inflation and is probably enjoying the benefits or higher pay. You should not help them at your expense. If tomorrow rents fall or you are in trouble, they will not pay extra. You cannot make up lost time.

And people voting for higher taxes and inflation should be reminded of negative effects too.

 Thank you. I actually sent him letter with a clear explanation of reasons, provided market data and photos of properties for rent, prepared a spreadsheet with the amenities for the comparable properties and included a form to return. All properties that I listed for him that were comparable and were available 2 weeks ago have already been rented. He just does not want to pay. 

Quote from @Bruce Woodruff:
Quote from @Tavares L.:

Can your savings cover the vacancy rate and turnover? If so, don't fear not being able to locate another quality tenant at the expense of cheating your business. 


 Yep, and even if you lose a little $$ now, it's always better to have a great new tenant....


 100% agreed. I am not worried at all about vacancy. I work and make a decent salary and I plan to keep the property in my family. Any money "lost" on vacancy is peanuts in the long run.