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Updated over 6 years ago on . Most recent reply

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Cody F.
  • Rental Property Investor
  • Auburn, AL
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Raising rent one unit at a time, or does it have to be standard?

Cody F.
  • Rental Property Investor
  • Auburn, AL
Posted

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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Tchaka Owen
  • Real Estate Agent
  • Merritt Island, FL
1,140
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Tchaka Owen
  • Real Estate Agent
  • Merritt Island, FL
Replied

@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.  

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