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[quote=Anonymous][quote=Anonymous][quote=Anonymous]
I own 14 rentals. This is a business. If you're in the DC area where rents are often in the $3000 a month range, even a 10% raise is acceptable if the market allows.  300 x 12 x 5 at 6% is money left on the table. Big time. 
[/quote]

Different scale.

I have one rental unit going at ~$3000/mo.  An extra $200/mo is not material to me.  A headache of a tenant is.  I'd gladly forgo a small bit of extra money if it means I never have to think about the rental.

Now if I had 10+ doors to manage then at that point I'd be thinking from a more purely business perspective.  But with one unit that shift in mentality is not worth an extra hundred or two a month[/quote]

Yep, we're in this boat. A single row house in DC and would prefer to make a modest profit with great tenants and minimal hassle while banking the appreciation and equity from having them pay our mortgage. We'll just reprice (and underprice to market) when they decide to leave.[/quote]

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