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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]You don’t run a charity. Raise rent to at least market rate. Have you even been in the house in the past few years? They probably trashed it thinking you don’t care. Higher rent means higher caliber renters. Kick out the free loader. [/quote]

+1000.

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.

Inother words, that's $20,000 you left on the table.[/quote]

DP.  Sooooooo....you have 14 rentals.  We have 37.  We're much more like OP than you.  A bird in the hand and all that.  The only time we raise to market is if we want a tenant to leave because they are a PITA; otherwise, we keep our increases in the $50 to $150 range, even for our $6k+ properties.[/quote]

You are lambasting the poster who used my supporting post of $100 per month annual increase, which incidentally is the same amount you actually raise rents by.  Op lost $20K.  That is a huge mistake.

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Correct. I'm the 14 guy. PP is an imbecilic troll. Imagine telling your tenant that you're raising rent 0.8%? Because that's what they claim on a 6K rental. In reality they are really just some poor renter pissed about being a poor renter.  :lol: 
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Takes one to know one, I suppose. 
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