We embrace S8 applicants, but screen them just like any other applicant.Many have an entitlement mentality and try to leverage their S8 voucher by pretending to be helpless:1) A percentage won't apply because they expect a landlord to waive application fees for them.2) Many cry broke and expect a landlord NOT to charge them a security deposit.3) Many of those same S8 tenants trying to avoid paying a security deposit, won't make an effort to call the list of nonprofits we send them that will pay their security deposit if they apply.4) A lot of them try to avoid paying for utilities.

Increasing your rent is horrible advice to begin with; and sweeping the parking lot, virtual staging and hiding the laundry area will certainly not close the obvious value gap!!

Hey BP community!
I’ve been having more conversations with lenders lately and one theme keeps coming up:
track record unlocks leverage, but no one seems to agree on what milestones matter most.
For those of you who...

Stay curious, keep learning, and embrace every challenge as a stepping stone to success.

If tenant does not agree to rent increase then you can provide notice to vacate.  

Quote from @Sean Rowan: Quote from @Doug Smith: It's always been my experience that this is the big disconnect and, if we could all simply own up to our weaknesses, embrace our strengths, and find complimentary players, the lending process goes much, much better.

It's a necessary part of evolving as a business owner and something all business owners should embrace.

************************************************************************'Landlords cannot increase the security deposit within the first year of tenancy.""

Otherwise, they will abuse the relationship when they face a financial challenge.Tenants never want an increase in their rent, but winter might be a good time to increase rent as there is typically less inventory on the market and who wants to move during the Holidays?

Farmers, State Farm, etc.) increase their rates quite a bit annually and wanted to hear what others' experiences have been.