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Landlord Forced To Raise Rent Due To Thinking Of Bigger Number
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this post was submitted on 29 Apr 2024
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There are two kinds of landlords I've encountered over the years.
The first knew my name and would only raise my rent when their insurance and or property tax would increase, and would show me the bills as evidence. There was even a year when my rent got lowered because that year's assessment went down.
The second referred to my living space as a unit and spoke of my rent as below market that needed to catch up.
If you're renting, find the first landlord whenever possible, though it seems to get harder and harder to do so.
Yeah this is the challenge I see on here all the time.
Property costs increase this causes rent to go up to cover costs.
If you don't want to pay increased rent buy a house and pay the increases elsewhere anyway.
I'm sure there a cunt land lords but there are also people who rented who know how it was and they be reasonable.
Making a profit on a rented property comes at massive tax repayments
This is ridiculous that you're getting downvoted for this statement. This all-or-nothing rejection to landlords is unreasonable. I rent a house to my buddy for $300/month. I could be renting it more than that, but I just want to make sure that he and his family are okay. I CAN NOT AFFORD to let him live there for free. The rent I charge is beyond reasonable. The people rejecting the idea that you should be able to at least collect the property taxes for something you own have never lived in the real world.
It's probably getting down voted for the middle statement of if you don't want rent to go up buy a house.
Hot take: you need to collect property taxes plus some reasonable amount of money to be able to afford repairs. Houses break. Five digits worth of repairs are common nowadays.
Yes, there are dicks who are landlords (especially corporations) but letting people rent your stuff for a reasonable amount of money is not ethically questionable. The fact that housing shouldn't be something you speculate with to generate income doesn't mean you can't let people use your things.
It's the general consensus across lemmy that rental prices once rented should never change.
No one wants to have to pay more and I understand that, but it's the banks that set everything.
We could live in a world were rents didn't go up, the only problem is everyone would set their rent super high to ensure cover of future mortgage cost increases etc.