They don’t have the money to ride this out.yes I wanted the market here to soften... at least so I wouldn’t have to fight the bidding wars but what is to come is going to make 2008 look like a party.

The letter will also help them to understand that you are not raising the rent just to be greedy but because your cost of ownership has gone up (or at least your liability has) and should soften the blow of the rent increase.

Is there one softener for all units or maybe no softener?

I don't know how old this guy is but most people that experience psychosis usually have their first psychotic break in their late teens/early 20's, often when they leave home and face the stress of school.

Will the market soften at some point?

Disposals, water softeners, whole house humidifiers and fireplaces should all be avoided in rental homes.

Instead of trying to soften the blow, i told them that going rents in the area were significantly higher than what they were paying.

To soften the blow of the rent increases, take care of any maintenance, repair issues immediately and add a few cheap upgrades to the unit, extra shelving for the garage, add an exterior light or replace an outdated one inside.

The market has softened. 

But no matter where, I do think rents will soften across the board, and for various reasons.