Updated almost 7 years ago on . Most recent reply
Raising rent one unit at a time, or does it have to be standard?
I have an apartment complex with 41 units. It's a mix of 1,2, and 3 bedroom units. I want to start raising rents as I renovate each unit but I'm worried about the legalities of that. Can I potentially get in trouble for charging more for one than another? Like say I charge 600 for one 3br but only charge 550 for a different 3br. Could a tenant call discrimination or something for charging one tenant more than another for the same amount of rooms?
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@Cody F. - unless there's some sort of rent control in Auburn, the answer is no. Rent rate is controlled by the simple economic concept of supply/demand. The tenant who doesn't want to pay $600 doesn't have to rent in your building. You're renovating to increase rents (and for general upkeep), so offer an unrenovated unit to the complainer for $550.