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Phil I am not out to "fuck them" in any way. I often will use judgement on most cases. I also make it very clear that I typically raise rent once per year and that they can lock in a rate with a lease.
The standard in my area is roughly a 7-9% growth rate when it comes to rents. So in reality my rents are often lower than others anyways, even with the 5% raises. Please also keep in mind that in my area a 5% raise is only about 35.00 a month/420.00 a year.
Unlike many others I also am providing upgrades to my units as well. Most of my tenets have seen that the upgrades more than justify any increases they may see. Most recent example was that I replaced all of the windows with dual pane types. It increased value, yet also provides tenet with utility savings. Then right now we are seeding a units yard (was just a dirt area when they moved in), added a sprinkler system, and will be fencing it once grass takes. I delayed until this month due to wanting good weather for it. Though I never promised such, said I would do such, or even hinted at it. Hell they even never commented on it before hand or asked for it.
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