 rent increase (by Myles [CA]) Nov 19, 2018 3:55 PM
 rent increase (by Jim In O C [CA]) Nov 19, 2018 4:10 PM
rent increase (by fred [CA]) Nov 19, 2018 5:40 PM
rent increase (by Tom [FL]) Nov 20, 2018 12:18 AM
rent increase (by plenty [MO]) Nov 20, 2018 5:14 AM
rent increase (by fred [CA]) Nov 20, 2018 8:43 AM
rent increase (by fred [CA]) Nov 20, 2018 8:51 AM
rent increase (by Tom [FL]) Nov 20, 2018 10:59 AM
rent increase (by Myles [CA]) Posted on: Nov 19, 2018 3:55 PM
Message:
how much time do you need to give a 5 year tenant for a rent increase and how much can you raise the rent --174.213.xx.xxx |
rent increase (by Jim In O C [CA]) Posted on: Nov 19, 2018 4:10 PM
Message:
Unless under rent control or on a specific lease term an increase of 10% or less requires a 30 day notice. Over 10% requires a 60 day notice. --75.22.xx.xxx |
rent increase (by fred [CA]) Posted on: Nov 19, 2018 5:40 PM
Message:
You should train your tenants, even the good tenants who pay on time, respect your properties and never bother you with upgrade requests, that rents go up every year. The increases could be minimal, following your local CPI (Consumer Price Index), or more.
Under rent control, rents go up almost automatically, so if you are not in rent control areas, don't be falling behind on your rents. --99.59.x.xxx |
rent increase (by Tom [FL]) Posted on: Nov 20, 2018 12:18 AM
Message:
In the left coast of CA, if not under rent control, then increase the rent.
Each year you have hard costs of insurance, real estate taxes, property management costs, maintenance costs: These costs increased yearly.
Hopefully you have been increasing the rents yearly over the past five years.
However with rent control to a point your hands are tied.
rent control = socialism and rent control is not the FREE MARKET.
--99.56.xx.xx |
rent increase (by plenty [MO]) Posted on: Nov 20, 2018 5:14 AM
Message:
What does your lease say in regards to changing the terms? --99.203.xx.xxx |
rent increase (by fred [CA]) Posted on: Nov 20, 2018 8:43 AM
Message:
Tom [FL]
FYI, "rent control" doesn't mean rent freeze. In Los Angeles, it means "up to 3% annual increase".
Result: LLs raise rents by 3% EVEN IF THERE IS ZERO INFLATION, OR INFLATION UNDER 3%. Who is the big loser? the big loser is the person whom rent control was supposed to protect.
I own single family homes only and rent control is basically for apts and multi dwellings, so I can go as high as tenants will pay.
As a direct result of our recent fires, SFR rents are going up, some more than 10%, while vacancy rate is closed to zero. Isn't it the same in flooded Southeast? --99.59.x.xxx |
rent increase (by fred [CA]) Posted on: Nov 20, 2018 8:51 AM
Message:
We just had a proposition to turn the whole state to rent control state.
It failed to pass in Nov elections. The reason: tenants realized the risks of such a prop...and voted against it.
Some of the risks to tenants:
- rent control guarantees annual increases no matter what. Even in a depression.
- Mega Builders leave the state and build elsewhere, disrupting housing supplies and causing shortages - resulting in higher rents.
- LLs skimp on improvements, upgrades, maintenance and repairs. Result: marginal apts become slums.
Those who want to impose rent control are not looking after tenants, but only want to keep their jobs. --99.59.x.xxx |
rent increase (by Tom [FL]) Posted on: Nov 20, 2018 10:59 AM
Message:
Thanks Fred of CA for clarifying rent control in CA.
"Those who want to impose rent control are not looking after tenants, but only want to keep their jobs." And most likely those who want to keep rent control NEVER owned a rental in their life.
Rent Control = socialism plus it goes against the FREE MARKET.
--99.56.xx.xx |
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