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Reply to "Any other landlords noticing huge drops in rent??"
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[quote=Anonymous]I am just shocked that you were renting a condo for $3200 only 4 years and now wanted to get over $4000. Over $800 increase in rent in just 4 years, for a rent that was already high and for a condo, not even a house. You were too greedy. You should have kept rent slightly below market so you could get a good tenant who stays for a while, it is cheaper at the end as you dont have months of vacancy and people moving in and out every year, with related costs for cleaning, painting and so on. The facts that rents went up a lot with the pandemic does not mean you can keep increasing them. The fact that you had good tenants applying but that they requested discounts and that they did not rent when you refused was an indication that your rent was too high. Good tenants went elsewhere and you are left losing months of rent[/quote]
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