Quote:
Originally Posted by xenigo
Rent right now is slightly undervalued at $1700 / month in the Curtis Park neighborhood in Sacramento 95818. Property is 1080 sq feet, 2br / 1ba, Jennair dishwasher, Jennair refrigerator, Jennair range, renovated hardwood floors. Brand new high end dual-pane windows. Rinnai tankless water heater. SureWest Fiber 25 megabit u/d internet. Washer & dryer. Pretty high end stuff. Perfectly manicured yards, etc. Single car garage. Really a beautiful home.
If we were to raise the rent, what's a fair increase? Lease is about to be renewed.
We don't want to piss off the tenant.
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If I have really good tenants, I don't raise the rent as it doesn't seem worth it to risk them cancelling their lease sooner rather than later & getting tenants that aren't so great. So far it's paid off. At one rental property when the tenants did decide to go buy their own home, they found me new tenants that moved in the same day they moved out and they left the home so clean that the new tenants declined needing any cleaning services.
I think if I wasn't super accommodating with them, they would have just moved out and not referred anyone & I would have been out more like 1 month's rent and the time to find a new tenant.