Charlotte Landlords: Raise the Rent—They Have Too Much Crap to Leave

Charlotte Landlords: Raise the Rent—They Have Too Much Crap to Leave

Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes

Charlotte Landlords: Raise the Rent—They Have Too Much Crap to Leave

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.

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  • Ashley RigsbeePro Member
    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!

    BiggerPockets
    • Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes
      1mo
      Quote from @Ashley Rigsbee:

      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!


      Thanks......You the real MVP.

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