 raising rent $100 (by molly [WI]) Feb 4, 2023 12:22 PM
 raising rent $100 (by plenty [MO]) Feb 4, 2023 1:17 PM
raising rent $100 (by Lisa [CA]) Feb 4, 2023 1:51 PM
raising rent $100 (by Jason [VA]) Feb 4, 2023 1:59 PM
raising rent $100 (by Allym [NJ]) Feb 4, 2023 2:02 PM
raising rent $100 (by myob [GA]) Feb 4, 2023 3:09 PM
raising rent $100 (by MikeA [TX]) Feb 4, 2023 3:28 PM
raising rent $100 (by MWA [WI]) Feb 4, 2023 3:44 PM
raising rent $100 (by Busy [WI]) Feb 4, 2023 4:15 PM
raising rent $100 (by BRAD 20,000 [IN]) Feb 5, 2023 12:57 AM
raising rent $100 (by RB [TN]) Feb 5, 2023 9:22 AM
raising rent $100 (by myob [GA]) Feb 5, 2023 12:58 PM
raising rent $100 (by Jim in O C [CA]) Feb 5, 2023 1:14 PM
raising rent $100 (by Busy [WI]) Feb 5, 2023 10:10 PM
raising rent $100 (by Robin [WI]) Feb 6, 2023 11:06 AM
raising rent $100 (by molly [WI]) Posted on: Feb 4, 2023 12:22 PM
Message:
Can I raise the rent $100 to take affect in 30 days? I'm in Wisconsin
--71.34.xxx.xx |
raising rent $100 (by plenty [MO]) Posted on: Feb 4, 2023 1:17 PM
Message:
In my state with a month to month that would be the process. (from a rent paying date.) --172.56.xx.xxx |
raising rent $100 (by Lisa [CA]) Posted on: Feb 4, 2023 1:51 PM
Message:
We always give a 60 day notice before raising rents $100.00.
In California, I know we have strict rules on increasing rents and it varies within our state depending on areas- but you can only raise rents once per year and it can only be raised maximum 10% and in many areas it’s less than that. Check your state specific laws related to landlord and tenant rights and rent control laws for you. --174.85.xx.xxx |
raising rent $100 (by Jason [VA]) Posted on: Feb 4, 2023 1:59 PM
Message:
I raised my latest $300. m2m and gave notice on December 30 for a raise February 1. --71.63.xx.xx |
raising rent $100 (by Allym [NJ]) Posted on: Feb 4, 2023 2:02 PM
Message:
Over 4% here in NJ would bring out an inspector. You will also lose every single one of those tenants. Not the same week or month but within three months. It really pisses off tenants to get an increase like that. I was a tenant long ago and a ten percent increase got me to haul my crap out of that miserable apartment and down the street where I paid $35 less. --71.188.xx.xxx |
raising rent $100 (by myob [GA]) Posted on: Feb 4, 2023 3:09 PM
Message:
we sent out 9 renewals last month and 5 this month-- 14 total.
13 were raised 200.00 and one was upped 100.00. ALL renewed.
the one with 100 increase was already pretty high.
We thought some would jump. Honestly where they gonna go? We're still 300 to 400 less than new on market-- places. We call them "gotta have granite" counter top places.
--108.239.xx.xx |
raising rent $100 (by MikeA [TX]) Posted on: Feb 4, 2023 3:28 PM
Message:
Assuming they are on a month to month or at the end of their lease, that your lease doesn't require longer than 30 day notice, and there are no local (city) ordinances that require longer then you should be able to. The state regs only require a 30 day notice in Michigan from what I read.
Actually, the increase will start at the next cycle after 30 days notice is provided according to the dates of your lease. IE: assuming rent is due on the 1st and you gave notice today then it would be effective April 1, the 1st of the month after 30 days. --209.205.xxx.xx |
raising rent $100 (by MWA [WI]) Posted on: Feb 4, 2023 3:44 PM
Message:
I just raised one of my units $100 with a 30 day notice on a month to month lease. Send the notice a week early. --162.237.xxx.xx |
raising rent $100 (by Busy [WI]) Posted on: Feb 4, 2023 4:15 PM
Message:
I like to give closer to two months notice for rent increases, so tenant can look around, and will see, there isn't better maintained out there for the money. But, mine are in a not-so-great neighborhoods of big city. In more high-end areas, likely they won't bat an eye at $100.
My son ( different state) received a $500 rent increase last year, so he bought a house. But, in his area, I bet that unit got filled quickly, though probably not with someone as clean and respectful.
--70.92.xxx.xxx |
raising rent $100 (by BRAD 20,000 [IN]) Posted on: Feb 5, 2023 12:57 AM
Message:
Molly,
Robin will know about WI.
Don't say DAYS because they will want to pick their own day in the middle of the month.
My lease is clear: Lease requires a 2 calendar month notice of Intent to Vacate. Rent at move out in by full calendar months only. Lease automatically renews (no chasing required) with a 2.9% Cost of Living increase.
We send rent increase letters 30-40 days in advance. (see what I did there!?)
I don't want ANYONE out looking. Besides, they have already looked.
BTW This helps...The Rent Increase letter reminds them to consider PayDayPlan - weekly, biweekly and shows those amounts. "Just text the office to change your rent plan."
BRAD --73.103.xxx.xxx |
raising rent $100 (by RB [TN]) Posted on: Feb 5, 2023 9:22 AM
Message:
Or grab'em by the ankles, lift and shake. --24.183.xxx.xxx |
raising rent $100 (by myob [GA]) Posted on: Feb 5, 2023 12:58 PM
Message:
RB that was good. You can ask them how they're going to like watching: HBO, Dish, Direct TV and all the major league programs from their car back seat.
These gotta have programs are costing people 400 to 600 a month and that's not including the phone bills. --108.239.xx.xx |
raising rent $100 (by Jim in O C [CA]) Posted on: Feb 5, 2023 1:14 PM
Message:
Follow your states laws. --99.23.xxx.x |
raising rent $100 (by Busy [WI]) Posted on: Feb 5, 2023 10:10 PM
Message:
Apartment Association of Southeast Wisconsin (AASEW) or Apartment Association of Fox Valley ( I think that's the other one, there may be more, ) Or Real Estate Investing Association (REIA) are good places to learn more about investing in real estate in Wisconsin. AASEW has a very good 'bootcamp' where such things are gone into in depth. State of Wisconsin also has a booklet available covering rentals in Wisconsin. City of Milwaukee offers landlord training classes, for free, last time I attended one. --70.92.xxx.xxx |
raising rent $100 (by Robin [WI]) Posted on: Feb 6, 2023 11:06 AM
Message:
IF it's a MTM lease, you can increase rent with 28 days' notice IN WRITING. I give more, because a) realistically, they'll need more time than that to look at options, and b) I don't want some activist judge to make up a rule about weekends and holidays not counting. But the minimum is 28 days. --104.230.xxx.xxx |
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