Comments on: How Does the Real Estate Investor Approach Rent Increases? http://bawldguy.com/how-does-the-real-estate-investor-approach-rent-increases/?utm_source=rss&utm_medium=rss&utm_campaign=how-does-the-real-estate-investor-approach-rent-increases Real Estate Investing Through Purposeful Planning Sun, 20 May 2012 02:11:14 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jeff Smith http://bawldguy.com/how-does-the-real-estate-investor-approach-rent-increases/#comment-4125 Jeff Smith Wed, 09 Dec 2009 14:53:58 +0000 http://www.bawldguy.com/?p=3231#comment-4125 "Never raise rent on a poorly maintained unit." Beautifully put ... thank you for another great article. “Never raise rent on a poorly maintained unit.”

Beautifully put … thank you for another great article.

]]> By: BawldGuy http://bawldguy.com/how-does-the-real-estate-investor-approach-rent-increases/#comment-4124 BawldGuy Thu, 03 Dec 2009 04:46:50 +0000 http://www.bawldguy.com/?p=3231#comment-4124 Blah blah blah :) Blah blah blah :)

]]> By: Robert Coté http://bawldguy.com/how-does-the-real-estate-investor-approach-rent-increases/#comment-4123 Robert Coté Thu, 03 Dec 2009 04:03:32 +0000 http://www.bawldguy.com/?p=3231#comment-4123 "Couldn’t have put it any better." But you did manage to put it longer. ;-) “Couldn’t have put it any better.”

But you did manage to put it longer. ;-)

]]> By: BawldGuy http://bawldguy.com/how-does-the-real-estate-investor-approach-rent-increases/#comment-4122 BawldGuy Thu, 03 Dec 2009 02:28:03 +0000 http://www.bawldguy.com/?p=3231#comment-4122 You reminded me of Mom admonishing my sister and I not to sass her. Ah, good times. You reminded me of Mom admonishing my sister and I not to sass her. Ah, good times.

]]> By: Joshua http://bawldguy.com/how-does-the-real-estate-investor-approach-rent-increases/#comment-4121 Joshua Thu, 03 Dec 2009 02:18:37 +0000 http://www.bawldguy.com/?p=3231#comment-4121 The extra information was helpful as well. Just being sassy (wow, don't get to use that word very often). ;) The extra information was helpful as well. Just being sassy (wow, don’t get to use that word very often). ;)

]]> By: BawldGuy http://bawldguy.com/how-does-the-real-estate-investor-approach-rent-increases/#comment-4120 BawldGuy Thu, 03 Dec 2009 02:15:56 +0000 http://www.bawldguy.com/?p=3231#comment-4120 grin But then my middle name wouldn't be War & Peace. :) grin But then my middle name wouldn’t be War & Peace. :)

]]> By: Joshua http://bawldguy.com/how-does-the-real-estate-investor-approach-rent-increases/#comment-4119 Joshua Thu, 03 Dec 2009 02:13:51 +0000 http://www.bawldguy.com/?p=3231#comment-4119 Short answer: It depends. Be a good landlord, provide data to the tenant on why your raising the rents, and set expectations early on in the relationship. Would have been a much shorter post that way, LOL. ;) Short answer: It depends. Be a good landlord, provide data to the tenant on why your raising the rents, and set expectations early on in the relationship.

Would have been a much shorter post that way, LOL. ;)

]]> By: BawldGuy http://bawldguy.com/how-does-the-real-estate-investor-approach-rent-increases/#comment-4118 BawldGuy Wed, 02 Dec 2009 23:36:30 +0000 http://www.bawldguy.com/?p=3231#comment-4118 Hey AI -- Good managers are harder to find than most related pro service providers. When we find 'em though, they're golden. I've taken your pricing approach before, but only in areas or markets tending towards either massive or superior competition. Otherwise, I like to be near the top -- though usually not the leader. Hey AI — Good managers are harder to find than most related pro service providers. When we find ‘em though, they’re golden.

I’ve taken your pricing approach before, but only in areas or markets tending towards either massive or superior competition. Otherwise, I like to be near the top — though usually not the leader.

]]> By: Another Investor http://bawldguy.com/how-does-the-real-estate-investor-approach-rent-increases/#comment-4117 Another Investor Wed, 02 Dec 2009 22:30:03 +0000 http://www.bawldguy.com/?p=3231#comment-4117 I like to start at 2 to 5 percent below accurately determined market rent, depending on the strength of the rental market. That way I get a number of interested qualified renters. I raise rents slowly and I keep them at the low end of the market range. Tenants stay longer with this approach. Fewer move-outs translate into lower vacancies and higher income. I agree on addressing maintenance issues, although it's difficult to convince property managers you want to do this. Most seem to follow the "ignore the tenant until they threaten to move" policy, because that's what most landlords prefer and it's less work for the manager. I like to start at 2 to 5 percent below accurately determined market rent, depending on the strength of the rental market. That way I get a number of interested qualified renters. I raise rents slowly and I keep them at the low end of the market range. Tenants stay longer with this approach. Fewer move-outs translate into lower vacancies and higher income.

I agree on addressing maintenance issues, although it’s difficult to convince property managers you want to do this. Most seem to follow the “ignore the tenant until they threaten to move” policy, because that’s what most landlords prefer and it’s less work for the manager.

]]> By: BawldGuy http://bawldguy.com/how-does-the-real-estate-investor-approach-rent-increases/#comment-4116 BawldGuy Wed, 02 Dec 2009 18:46:44 +0000 http://www.bawldguy.com/?p=3231#comment-4116 Couldn't have put it any better. Couldn’t have put it any better.

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