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General Landlording & Rental Properties

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Richard Vang
  • Real Estate Investor
  • Carmichael, CA
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111
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tenant complain about rent increase

Richard Vang
  • Real Estate Investor
  • Carmichael, CA
Posted Jul 6 2015, 11:55

The first year, I advertise the rent $100 below market rent so that I can fill the place up quick. Indeed, the SFR was filled within a few days.

So, after the first year, the rent is about $125 below market rent, so, I raise the rent by $80. The tenants were pissed and wrote me a note to complain about the stupid rent. Anyway, they still signed the year lease. 

This year, the rent is about $150 below market rent. I only raised by $15, thinking that the tenant will thank me in tears. But, they still wrote me a note scold me for increasing it yearly. 

How do you handle the "tenant scolding" about rent increase??

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