Charlotte landlords should not automatically panic when a tenant has an apartment packed with furniture, boxes and personal belongings. A tenant with a lot of stuff may be far less likely to move when the rent increases because packing, hauling and finding another unit becomes a major hassle. That does not mean you can raise rent recklessly, but when a tenant is paying below market, a reasonable increase may improve your cash flow without creating a vacancy, renovation bill or turnover expense.
Customer Success & Onboarding Specialist at BiggerPockets · Charlotte, NC · Member since 2023 · 54 posts · 22 votes
1mo
Just came across your profile and noticed you're the #4 all time forum contributor that's pretty awesome! 👏
@James Wise, this is such a practical point that gets overlooked the 'hassle factor' of moving really does change a tenant's rent tolerance more than people assume (myself included) moving is so expensive lol. I've seen some landlords leave money on the table because they're scared of a vacancy that, realistically, a heavily furnished long term tenant is unlikely to create. I definitely agree with you on this one!
Just came across your profile and noticed you're the #4 all time forum contributor that's pretty awesome! 👏
@James Wise, this is such a practical point that gets overlooked the 'hassle factor' of moving really does change a tenant's rent tolerance more than people assume (myself included) moving is so expensive lol. I've seen some landlords leave money on the table because they're scared of a vacancy that, realistically, a heavily furnished long term tenant is unlikely to create. I definitely agree with you on this one!