Comments on: Raising Rents http://www.moneysmartsblog.com/raising-rents/ Investing and Personal Finance Fri, 10 Feb 2012 14:34:49 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Michelle http://www.moneysmartsblog.com/raising-rents/comment-page-1/#comment-60370 Michelle Thu, 18 Feb 2010 20:26:32 +0000 http://www.moneysmartsblog.com/raising-rents/#comment-60370 I hate how housing can be used as a way for some company to get rich. I am not about to live in a dump to afford housing either. In this recession I think landlords need to lower rents and keep them reasonable. Rents really need to be based off of 30% of a person's income. This to me seems like a great forumala because the people who make more money will pay more in rent to make up for those who pay less. I am in a situation again; as I am every year where my rent will go up and I will have to move. I have decided I wanted to get a 2 bedroom so I have the flexiblity of a room mate later if needed. Unforunatley even most decent one bedrooms are over my price range. I am freaking out. I may have to pay $600/month for a one bedroom apartment in missouri. Don't landlords every think of full time college students who are over 21? Full time college students can't live in low income apartments. There is a very absurd IRS tax law that does not allow full time college students to get into affordable housing. This makes me so sick when my rent burden increases every year yet I am making the same. I pay out 70% of my income to rent. Why does this happen in the USA without co-signer I would be a homeless. It is not like I am asking for a million dollars just a decent affordable place to live. I hate how housing can be used as a way for some company to get rich. I am not about to live in a dump to afford housing either. In this recession I think landlords need to lower rents and keep them reasonable.
Rents really need to be based off of 30% of a person’s income. This to me seems like a great forumala because the people who make more money will pay more in rent to make up for those who pay less.
I am in a situation again; as I am every year where my rent will go up and I will have to move. I have decided I wanted to get a 2 bedroom so I have the flexiblity of a room mate later if needed. Unforunatley even most decent one bedrooms are over my price range. I am freaking out.
I may have to pay $600/month for a one bedroom apartment in missouri.
Don’t landlords every think of full time college students who are over 21? Full time college students can’t live in low income apartments. There is a very absurd IRS tax law that does not allow full time college students to get into affordable housing.
This makes me so sick when my rent burden increases every year yet I am making the same. I pay out 70% of my income to rent. Why does this happen in the USA without co-signer I would be a homeless. It is not like I am asking for a million dollars just a decent affordable place to live.

]]> By: Slim http://www.moneysmartsblog.com/raising-rents/comment-page-1/#comment-4103 Slim Thu, 28 Feb 2008 15:05:32 +0000 http://www.moneysmartsblog.com/raising-rents/#comment-4103 No rent increases for positive cash flow properties with good tenants in areas where rent is stable. Rent increases for marginal PCF, marginal tenants or where rentals are desirable. But only if it's something significant (rents are around $1300 for a small duplex here, LOTS of free cash flow, so no need to 'rock the boat'). And our other property it's $2300 (cha ching) for a 2 bedroom appt. No rent increases for positive cash flow properties with good tenants in areas where rent is stable.

Rent increases for marginal PCF, marginal tenants or where rentals are desirable.

But only if it’s something significant (rents are around $1300 for a small duplex here, LOTS of free cash flow, so no need to ‘rock the boat’). And our other property it’s $2300 (cha ching) for a 2 bedroom appt.

]]> By: Mr. Cheap http://www.moneysmartsblog.com/raising-rents/comment-page-1/#comment-4087 Mr. Cheap Wed, 27 Feb 2008 19:04:36 +0000 http://www.moneysmartsblog.com/raising-rents/#comment-4087 Squawkfox: Sounds good! I'd love if my tenants were paying the costs that tend to increase (like you do heat), then they'd already be covering the increasing costs and I wouldn't have any need to raise their rent. Sadly, I couldn't really trust any tenant to pay my property taxes and condo fees, so I'll have to roll these into the rent (and eventually increase it when the Toronto market allows). Squawkfox: Sounds good! I’d love if my tenants were paying the costs that tend to increase (like you do heat), then they’d already be covering the increasing costs and I wouldn’t have any need to raise their rent.

Sadly, I couldn’t really trust any tenant to pay my property taxes and condo fees, so I’ll have to roll these into the rent (and eventually increase it when the Toronto market allows).

]]> By: squawkfox http://www.moneysmartsblog.com/raising-rents/comment-page-1/#comment-4085 squawkfox Wed, 27 Feb 2008 18:33:12 +0000 http://www.moneysmartsblog.com/raising-rents/#comment-4085 I am a renter. I've lived in the same suite for 5 years without a rent increase. I suppose my landlady keeps my rent "as is" cause I am awesome (smile). Perhaps this is a good business decision for her given her mortgage is paid-off, and she would just rather have good dependable tenants than risk her suite sitting empty for top dollar tenants. Either way, I'm happy to keep her place stunning while paying my normal rent. Ohh, and she replaced all the windows in my suite too...which I found rather nice of her. Now I pay even less in heating costs. I am a renter. I’ve lived in the same suite for 5 years without a rent increase. I suppose my landlady keeps my rent “as is” cause I am awesome (smile). Perhaps this is a good business decision for her given her mortgage is paid-off, and she would just rather have good dependable tenants than risk her suite sitting empty for top dollar tenants. Either way, I’m happy to keep her place stunning while paying my normal rent. Ohh, and she replaced all the windows in my suite too…which I found rather nice of her. Now I pay even less in heating costs.

]]> By: MillionDollarJourney http://www.moneysmartsblog.com/raising-rents/comment-page-1/#comment-4080 MillionDollarJourney Wed, 27 Feb 2008 12:47:06 +0000 http://www.moneysmartsblog.com/raising-rents/#comment-4080 Yes, I do the same thing for my tenants. If they are long term tenants, rents will remain the same for as long as they stay. Yes, I do the same thing for my tenants. If they are long term tenants, rents will remain the same for as long as they stay.

]]> By: Four Pillars http://www.moneysmartsblog.com/raising-rents/comment-page-1/#comment-4078 Four Pillars Wed, 27 Feb 2008 12:09:40 +0000 http://www.moneysmartsblog.com/raising-rents/#comment-4078 Sounds like you made a good choice! (not that I know anything about it!). Mike Sounds like you made a good choice! (not that I know anything about it!).

Mike

]]>