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All Forum Posts by: Linda Thomas

Linda Thomas has started 79 posts and replied 158 times.

Post: rent increases help

Linda ThomasPosted
  • Rental Property Investor
  • Allentown PA
  • Posts 159
  • Votes 35

Good evening all,

So I have a long term tenant that's been with me for about 7 yrs. I have NEVER raised her rent since she moved in. She's been a fairly good tenant for the most part. Now due to general cost increases such as, property tax increases, insurance premium increases, and maintenance costs, I really need to raise her rent and in addition rents are going a lot more than what she is paying in the area. She is about $200-300 under market rate now. I want to raise her rent between 40-60 a month more but I feel bad (not sure why I do - I know it's a business) I think I feel bad doing it now because of the pandemic. Would a $50 monthly increase been seen as drastic? thoughts? I'd like her to stay on but I'm afraid she might end up wanting to move now but again after possibly checking other prices in the area that might help her stay. 

Post: Supreme Court rejected eviction moratorium Biden

Linda ThomasPosted
  • Rental Property Investor
  • Allentown PA
  • Posts 159
  • Votes 35

@russell 

@Russell Brazil is there a list somewhere I can check it on?? I am in Pennsylvania? 

Post: Supreme Court rejected eviction moratorium Biden

Linda ThomasPosted
  • Rental Property Investor
  • Allentown PA
  • Posts 159
  • Votes 35

Good afternoon all,

Am I understanding this correctly? can we proceed with evictions?? or do we still need to wait till possibly 10/3??

Post: Evictions during covid

Linda ThomasPosted
  • Rental Property Investor
  • Allentown PA
  • Posts 159
  • Votes 35

as far as i know you can't for non payment - you can though for other reasons like lease violations  

Post: any downside of having only one insurance company?

Linda ThomasPosted
  • Rental Property Investor
  • Allentown PA
  • Posts 159
  • Votes 35

I am covered with Allstate and each is its individual policy w/ individual coverage limits etc. So if I were sued it wouldn't affect the others. I also have an umbrella policy which is highly recommended. 

Post: how do you handle Rent increases

Linda ThomasPosted
  • Rental Property Investor
  • Allentown PA
  • Posts 159
  • Votes 35

@Greg M. - do you have them sign something agreeing to the increased rent or just wait till you have them sign the new lease?

Post: how do you handle Rent increases

Linda ThomasPosted
  • Rental Property Investor
  • Allentown PA
  • Posts 159
  • Votes 35

Good afternoon everyone,

Looking for feedback on how you all handle rent increases. Do you just send the tenant a letter notifying them of the increase without having to agree or sign anything or have them sign a letter and send back to you? 

Post: Clause for pets in lease

Linda ThomasPosted
  • Rental Property Investor
  • Allentown PA
  • Posts 159
  • Votes 35

@Tom Degroodt - great advice thanks so much. May I ask how much you charge for an admin fee? 

@Kenny Dahill - Thanks for the amazing suggestions! 

Post: Clause for pets in lease

Linda ThomasPosted
  • Rental Property Investor
  • Allentown PA
  • Posts 159
  • Votes 35

Hi Everyone,

Looking for some help please on how you handle pet clauses in a lease where the tenant pays a monthly fee of 25.00 extra for a cat? Any examples would be greatly appreciated. How do you handle it if the cat is no longer there? is this in your lease? if she gets another cat etc?

Post: would you rent to potential new tenant

Linda ThomasPosted
  • Rental Property Investor
  • Allentown PA
  • Posts 159
  • Votes 35

@Bruce Woodruff - I like your way of thinking and doing business!!! I guess I just get nervous and worry about them causing an issue if I don't answer back about their inquiry as to why I didn't choose them and why I went with another applicant.