Landlord raised rent, wwyd?

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02/14/2013 13:51

Subject: Landlord raised rent, wwyd?

quote

Anonymous

Look now for a new place. If you are seeing options you like better than your current place, plan to move. If you're on the fence, thinking your moving options aren't much better than your current place, try to negotiate with your current landlord 60 days before the lease ends. Honestly, even if he does cancel the increase, he'll likely raise the rent next year, but that'll give you a year to put off moving.

And I disagree with the people who imply that you shouldn't object to a $50 increase. I'm a landlord too, and I would never raise the rent after two years unless I wanted the tenant to move. That's not how you keep good tenants.

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02/14/2013 14:19

Subject: Landlord raised rent, wwyd?

quote

ThatSmileyFaceGuy
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Joined: 09/19/2011 10:31
Messages: 3151
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Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How much are comparable places

Around the same, some a little lower, some a little higher.

I know $50 is not too bad, and that's not the deciding factor but that means we could get a lot closer for just a little more. Here what I'm thinking the math would look like.

Old place
Extra rent $600/yr
Gas bill $5500/year
$6100/yr

New place
Extra rent $2400/yr
Gas bill $2750/year
$5150/yr

So we would actually be losing $1000 year by staying where were at now. We need to move.

Of course, moving has a cost, too. Do you have to pay movers? Hire a truck? Take time off? Change schools? Not everything can be measured dollar for dollar.

True but the truck or movers is a one time expense and won't be incurred every year. So if OP stays i nthe new place for even just 3-4 years they will still be saving a good bit of money.

profile p.m.

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02/15/2013 00:11

Subject: Landlord raised rent, wwyd?

quote

Anonymous

Anonymous wrote:

Anonymous wrote:How much are comparable places

Around the same, some a little lower, some a little higher.

I know $50 is not too bad, and that's not the deciding factor but that means we could get a lot closer for just a little more. Here what I'm thinking the math would look like.

Old place
Extra rent $600/yr
Gas bill $5500/year
$6100/yr

New place
Extra rent $2400/yr
Gas bill $2750/year
$5150/yr

So we would actually be losing $1000 year by staying where were at now. We need to move.

Are you sure your math is right? If you are spending $450 per month to commute, then you are each driving about 30 miles each way to work, assuming your car gets 20 miles to the gallon. To drop that cost in half, then you'd need to move 15 miles closer. Are you saying the cost of a townhouse is only $200 more per month to live 15 miles closer in than where you are now? That seems to good to be true, unless you are not working in the DC core but are working in Reston and living in Bethesda or something.

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02/15/2013 00:13

Subject: Re:Landlord raised rent, wwyd?

quote

Anonymous

*too good to be true*

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02/15/2013 16:47

Subject: Landlord raised rent, wwyd?

quote

Anonymous

Anonymous wrote:Look now for a new place. If you are seeing options you like better than your current place, plan to move. If you're on the fence, thinking your moving options aren't much better than your current place, try to negotiate with your current landlord 60 days before the lease ends. Honestly, even if he does cancel the increase, he'll likely raise the rent next year, but that'll give you a year to put off moving.

And I disagree with the people who imply that you shouldn't object to a $50 increase. I'm a landlord too, and I would never raise the rent after two years unless I wanted the tenant to move. That's not how you keep good tenants.

..and you're a stupid business person. I raise my rent or keep it steady based on what the current comps are. If they don't like it, move out. I can get another tenant tomorrow.