Comments on Her Every Cent Counts - a quarter life crisis, and change: It's Official - I'm Moving!

I don't know why property owners raise rent every ...

2008-06-05T08:04:53.564-07:00

I don't know why property owners raise rent every year for the same tenant. If they're typical landlords, either they have a fixed-rate mortgage on the property or they own it outright. Unless the tenant has damaged something badly, it doesn't make sense to impose more than a very small increase to perhaps account for increases in maintenance fees. (Plumbers and electricians gotta eat too, prices are going up, blah blah...)

Now if they're increasing the rent between tenants I could see it, especially if the old tenant caused a lot of damage. But to drive a good tenant away with a ridiculous increase is just stupid.

My landlords don't exactly qualify for Property Owner Of The Year awards but when they've increased my rent with lease renewal it's never been more than five bucks. I think I'd have left long ago if they had, because I don't see where their level of service justifies a huge increase.

You should ask the office if they'd consider lower...

2008-05-22T09:19:26.332-07:00

You should ask the office if they'd consider lowering the rent. It costs them money to find a new tenant. Think of it, if they have the apartment empty for just 1 month they lose a bunch of money for the year and it would make the increase they put on you barely worth it. My husband was able to negotiate to lower his rent before.

I know that it is a good feeling to have the decis...

2008-05-21T16:02:39.613-07:00

I know that it is a good feeling to have the decision made. I am sure it will work out for the best.

Best Wishes,
D4L

Ya know I was facing similar situations on the eas...

2008-05-19T09:49:32.490-07:00

Ya know I was facing similar situations on the east coast in New York, but I caught them early (when I was in highschool). I decided to leave when I was 18 and I have yet to go back. Now I find all my friends who are only 2 years out of college are still living with their parents or living in a basement. I think I lucked out though, I was stationed in San Antonio T.X and have been here ever since. I'm in I.T and you wouldnt consider San Antonio to be a big I.T place but it actually is. We've taken up to importing talent and can't even fill slots. But back to Cost! With housing so expensive in New York I decided not to go back. It's amazing because for 175k I got a brand new 2500 sq ft 4 bedroom house in the nice part of town! Meanwhile ,175k in NY would buy a trailer! Have you put consideration into Moving from Cali?

-Eric
http://twentiesmoneymag.com