Rent Increase

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    #16
    Originally posted by doobrey View Post

    Personally I cannot envisage a scenario where I would max out the rent being charged to my tenants so that I could enjoy 'a few nice holidays'. (In case anyone was wondering why landlords tend to be so widely despised...)
    That's one way to look at it lol

    I would look at it that I would be charging EXACTLY THE SAME as every other similar property in the area as that is the MARKET RATE for that property.

    Yes, I'd use the money to enjoy a few nice holidays - or to maintain the property to a high standard (as I also said but which was conveniently ignored lol).

    Tenants - just like grocery shoppers - will ALWAYS complain about price rises so I guess every business is to be despised.

    Personally, I think the LLs who break the Law are the ones to be despised but if you wish to generalise then it's your viewpoint.

    Provide a well maintained property at the correct rent and you will have tenants banging on your door.

    I do wonder how some of you "social landlords" will cope when you have to adapt your property(s) to meet EPC targets or install new heat pumps etc - you'll wish you had that "holiday fund" ready then. Don't forget you wont be able to hike your rents as your conscience won't allow it.

    My views are my own - you may not agree with them. I tend say things as I see them and I don't do "political correctness". Just because we may not agree you can still buy me a pint lol

    Comment


      #17
      It's increasingly difficult for me to get any kind of feel for what the market rent for a property might be.

      There are no properties available to rent that are similar to mine in the areas that I let.
      The few that do appear vanish in hours and have rents that seem pretty random to me - and, based on a conversation with my letting agent are probably not representative of what rent is actually achieved.

      But that seems to be as much about people not moving more than increased demand, it's supply that's collapsed as people are staying put.

      When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
      Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).

      Comment

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