I just "ruined" my tenant's Christmas (unintentionally)
Following what I thought was usual procedure for instituting yearly rent increases , I just sent a tenant a rent increase notice to be effective January 1st. Bumped rent about 10%, or $130.
It wasn't more than two days when she called me, yelling on the phone, quite upset that my actions were now going to deprive her of being able to provide "Christmas" for her family, yada, yada, yada. I empathized with her, and certainly don't want to be like a grinch, but made me realize maybe my timing was bad. Maybe I should have waited until February or March to raise rent, or do it in November instead? Has anyone else encountered this?