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Landlord Raises Rent to Cover the Cost of Never Doing Anything
(thehardtimes.net)
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this post was submitted on 01 Jun 2025
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Landlord wanted to raise rent by another $200 to "keep up with market prices". That was their excuse. To keep up with market prices.
In no way defending landlords, but a family friend who inherited another property decided to rent it out. They used a property manager (through an agency) because they had their own full time job.
At some point they found out the property manager increased rent a decent amount, while the economy was going in the shitter, without informing them. When they found out they were like "wtf, why'd you do that?" they replied "because the market rate went up and if we don't then it will impact how much we can charge for other properties".
He told them to fuck off, fired them and brought the rent back to what it was.
I often wonder how many landlords don't even know what's going on with their properties and would probably disagree with what the property managers are doing. Not that that excuses it though...