Reply to Landlords: What are your experiences of rental applicants asking for lower than your listed rental price?

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[quote=Anonymous][quote=Anonymous]House inspection every quarter is the norm.   [/quote]

I have not been to my rental since 2018. And it was furnished. I will just assume they trashed it all and hope for best.

Trouble with long term below market tenants they are effectively squatters. I am in a catch 22 my tenants. I could raise rent $500 a month tops. But to do that I need to get them out. I am assuming after being in my apt for 8 years I might need 20K to 30K worth of renovations and repairs. Take me 5 years for pay back plus out several months rent.

My tenant know not to push too much for stuff as if they do I just wont renew. No not a slumload during 8 years the washer/dryer, oven, fridge wore out and I ordered new nice GE stainless ones from Lowes and they installed.

But I cant get in there to paint, redo floors, redo kitchen with them in there. One of them even works from home and they have a kid.

Honestly I dont get them. Yea I am charging below market But dude in 2018 they told me this was a 2-4 year deal as newly married and dont want to go starter home or condo route want to jump straight to trade up home. Guess what they missed that boat.

I feel like I am their parents now. No I am not. But by 2028 things will break big and I will just not renew. I will renovate and get a full market tenant or sell.    [/quote]

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