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Just an observation and could just be around me but I've noticed quite a few owners we have selling their rentals properties since the rental market has been lower compared to a year ago and the condo associations hav...
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I'm in Connecticut. I purchased a 2 family and the 1br had a tenant. They pay $1000/mo now. Rents in the area for a 1br can go up to $1150. I couldn't find any law that capped increases at lease renewal, if I go to $1...
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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...
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We signed a two year lease last year. I always hear apartments and landlords increasing rent every year plus property taxes went up a lot. Can you increase the rent every year? It's capped at 5.8% increase this year.
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Hi BP Community,I am a new landlord and I need hep!I purchased my first fourplex about 3 months ago. I inherited one long-standing tenant who was (and still is) paying well under market rent - probably $250 under mark...
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Hello everyone, I would like to ask you for advice about this puzzling situation. I inherited tenants on a yearly lease who always paid on time and keep their apartment spotless. Only, their rent is extremely low beca...
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I inherited tenants from my first purchase and their leases will expire in a few months. I've sent them notices of rent increase for when their leases expire and requests to sign into new leases. I'm wondering, if the...
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I don't think I know the answer to this question. SOmeone help me out: if you assume that you can raise rents 3% a year on your projection, should you be assuming that a) you will see 1-10% increases in insurance, ...
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When my tenant's 1 year lease expires, I gave that tenant the option to re-new it with another 1 year lease at a higher rent.But, the tenant wants to use part of their security deposit to pay for that rent increase. W...
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Hello everyone,I was curious on how you all handle the security deposit when you increase the rent. For example, I have a long-term tenant for 5 yrs when she moved in the rent was 800.00 and the security deposit was 8...