Sure we learned along the way, but starting out with that knowledge was VERY empowering.It's easy to talk about the psychology of fear, but those feelings are very real.

If rent is middle of the market then even with 3% annual increase yearly the tenant tends to stay as the place they are living is competitive and they do not want to put energy into a move.There is almost a whole psychology behind getting tenants to pay rent on time and keep the place in acceptable living conditions with normal wear and tear accepted.  

You do this for psychological reasons, showing you are reasonable and starting to build your argument if it were to go to court you would argue that you couldn't know the previous condition but that has no bearing on them cleaning as expected on the way out.The main thing is to move on and create policies that will prevent this in the future. 

You will never enter a negotiation again in the same way.They also go into the psychology of negotiation, and explain quick wins that honestly help with just every day life.

The buyer/ borrower may say Im so sick of paying someone elses mortgage and on the surface it sounds like they hate renting but there is always other emotional/lifestyle/psychological reasons for the purchase.

If anything I am going to increase my marketing as real estate is also psychological and news outlets like to exaggerate so some sellers should become more realistic when it comes to values if market corrects itself.

There are many ways to protect yourself without ever needing the psychological protection of a LLC.

@Carson WilcoxGreat insight regarding the psychology of getting a property under contract with a motivated seller.Something similar happened to me, pretty much by luck.  

The psychology of seeing $1300 vs $1400 could look massive….maybe…thoughts?

. $25 doesnt seem like much to ether of you but as some have pointed out you never know when rent control will come. i like raising rents even if just little not just for rent control but also to "train" the tenants to expect rent to increase every year. its psychological people will ***** less if they expect it. if you dont raise rent for couple years and then you do they are more likely to think they did something wrong or get mad instead of be thankful you hadn't for the last few years.