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How much should someone expect their renting price to increase per year?
Posted on 2/27/15 at 2:54 pm
Posted on 2/27/15 at 2:54 pm
Currently renting a house and was just notified that rent is going up - looks like about 2.1%.
Before it's mentioned -- buying a house would make no sense for my current situation.
Before it's mentioned -- buying a house would make no sense for my current situation.
19
Posted on 2/27/15 at 2:57 pm to AubieALUMdvm
So on $800 rent you are paying an extra $16.80? Is that the problem you're coming here for? An extra 16 bucks?
Posted on 2/27/15 at 2:57 pm to AubieALUMdvm
quote:
Currently renting a house and was just notified that rent is going up - looks like about 2.1%.
That's nothing, you should be happy with that..not even $40 on $1800/month
unless you live in boondocks
Posted on 2/27/15 at 2:58 pm to AubieALUMdvm
whatever comparable rent is in the area, kind of a what the market will bear thing, I just raised the rent two years in a row because the market is strong in the area
Posted on 2/27/15 at 3:00 pm to AubieALUMdvm
It could increase or decrease depending on market conditions among other variables, but 2% is nothing to gripe about really. I've seen much, much worse in a year.
Posted on 2/27/15 at 3:02 pm to AubieALUMdvm
Meh, hard to say. Owbder could be passing on some cost he/she is incurring that you are not aware of.
To answer the question, most houses I have seen really do not if owned by an individual. The owner would rather keep a good tenant that make one think about moving out and then get hit with a vacancy and possibly a not-so-good tenant.
Apartments are different. Expect 3-5% every year.
To answer the question, most houses I have seen really do not if owned by an individual. The owner would rather keep a good tenant that make one think about moving out and then get hit with a vacancy and possibly a not-so-good tenant.
Apartments are different. Expect 3-5% every year.
Posted on 2/27/15 at 3:02 pm to AubieALUMdvm
Posted on 2/27/15 at 3:02 pm to AubieALUMdvm
If your increases are below inflation you're doing ok.
Posted on 2/27/15 at 3:03 pm to AubieALUMdvm
Damn that's nothing.
My last apartment they wanted to up my rent from $2,550/mo to $2,950/mo. I laughed at them and returned the renewal unsigned and let them know I would be out by the end of the month. They came back with $2,645/mo and I eventually signed that one.
My last apartment they wanted to up my rent from $2,550/mo to $2,950/mo. I laughed at them and returned the renewal unsigned and let them know I would be out by the end of the month. They came back with $2,645/mo and I eventually signed that one.
Posted on 2/27/15 at 3:03 pm to 777Tiger
Hell, we don't even know if he's at market, above or below. The last place I rented before buying was probably underpriced by$200 a month at least
Posted on 2/27/15 at 3:04 pm to Broke
Mine went up from $1350 to $1375. It's a nice place; I still can't believe I'm paying so little for it. I have no complaints.
Posted on 2/27/15 at 3:06 pm to AubieALUMdvm
Silly op. Property taxes increase if the area is booming. Landlord needs to make up for that extra tax somehow
Posted on 2/27/15 at 3:10 pm to Teddy Ruxpin
quote:
Hell, we don't even know if he's at market, above or below.
the lady that manages my place s a realtor and has a pretty good handle on what it should bring but if I have a really good tenant I'll take it easy on them, I'm in the minority on that because I know most of the landlords in that are(so, FL,) are dicks
Posted on 2/27/15 at 3:21 pm to 777Tiger
Yeah, all our tenants are awesome, so we haven't raised the rent in a while, despite our taxes going up.
Posted on 2/27/15 at 3:25 pm to TigerPanzer
quote:
Mine went up from $1350 to $1375.
fricking crazy. I pay $1600 a month for a $300,000+ house.
Posted on 2/27/15 at 3:35 pm to Broke
quote:
I pay $1600 a month
Mortgage, right? What about property taxes, house insurance, maintenance and upkeep? The last house I owned, I paid about $1750 in mortgage, and about $500 in taxes, maintenance, etc. It came out to about $2200 a month. Now? $1375. I'm saving a ton of money.
Posted on 2/27/15 at 3:37 pm to AubieALUMdvm
Look at rentometer.com
Posted on 2/27/15 at 3:39 pm to AubieALUMdvm
We just got a quote for our 3rd year, 61$ increase, this is on top of about the same increase last year... Trying to re-negotiate. Hopefully this is our last year renting once we find where we want to move next year
Posted on 2/27/15 at 3:40 pm to TigerPanzer
quote:
Mortgage, right?
And insurance and tax. Sure I have to cut the grass every week but I'm also getting an increase in wealth by about 300k. I'll take that
Posted on 2/27/15 at 3:44 pm to Broke
I once rented a two bedroom house in harahan that backed up to the Miss River for 10 years and never paid more than $550/month.
Not a $1 increase in ten years.
Not a $1 increase in ten years.
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