thekeyofe
92745
3425
45
My parents knew the landlord's mom, so because of that we were able to get a good deal on the place and until now they hadn't raised the rent once. Every single day I think about how lucky I am to have low rent when everyone else's just keeps rising and rising. I wish everyone could have it this easy, and I'm sad that that's not the case.
Jordan7831
Best not to ever complain and to brag about it to others.
jetah
if you can save/invest the difference between what you pay and market rate, you'll be doing good in a few years! big if though.
gorillaClutch
and that's why you do small incremental raises over time so you don't have to jump it all up at once.
kylefromterminator
Lucky you mine got raised 100 and 6 months ago it was 100 as well, paying out the ass for a fucking srudio
thekeyofe
I'm sorry, my dude. I wish favorable situations like mine were more common.
Rocksteady412
Mine went up 300$ a month.
IAmCooCooCaChoo
For the area that I'm in I'm surprised they haven't raised it by $200 already
Lucky246
My dads been a landlord for almost 30 years now, he doesn't raise rent while someone is living in it. He renovates anytime someone moves out
Lucky246
And when the apartment is ready he gives it a price and they pay that till they leave.
Roqinn
You're lucky @OP. My rent goes up every year.
Raeke
That’s how my landlord was! Only went up $140 in 6 years. I’m moving out this month and sending him a brewery gift card for being so rad
drizztx
You should bake them a cake.
TheobromineAddict
I also have a neophyte landlord who just wants to keep the house in the family. My rent was market average 10 years ago, now $1k under.
BadPunsAplenty
Lived next to a rental; renters kept it up like they owned it, owner gave them a steep rent discount. Life is good when we all give a little
DependingOnTheStreet
My parents have a rental & have decided once they sell their farm this year & clear up the mortgage a bit, they'l knock $100/wk off the rent
YouWillNeverFindMe
That's how it should be, renters maintain it much cheaper than hiring a company. Split the "profits" so to speak.
BadPunsAplenty
Yes, and because the renters had it good, if one of them left, they found a friend to come rent, so no renter search, no idiots, all win.
MikeofLA
Tried to convince my last landlord of this, they raised my rent from $3500 to $3650. We bought instead. New renters are paying $3900!
MikeofLA
And the house hasn’t been updated since 2004. Still single pane windows in So Cal
erischilde
A few years ago left an Appt that treated us well, just was getting small. Was posted for 300 more than we paid and went in a day. They /1
erischilde
Probably could have asked 500 more and gotten it. Prices are insane. /2
OozyRatInASanitaryZoo
I had a landlord who raised our rent $5. He wrote a letter to apologize.
GentleBen1901
From a landlord's perspective, you must be damn good tennants!
mity0k23
I lived in my last apartment for 13 years and the rent increased just once, by $50.
SpoonOfDoom
My old landlady hadn't ever raised my rent, but she was over 90 and sold the house at some point. The new guy raises the rent whenever he>>
SpoonOfDoom
is legally allowed to, by exactly the maximum legal amount. It's the first time I've seen rent with cent figures, because he can't miss out>
SpoonOfDoom
on 4 cents in favor of at least rounding to a Euro apparently. Just squeezing it. In return,he does the absolute bare minimum for the house.
RoquetoBT
Was paying 450€ for a room, assholes raised it to 650€ when the new school year started. Moved to a new place for 380€.
NKato
Let the landlord know that Imgur approves of them being a good cookie.
Mohaynow
Same here, I've been in the same spot for 14 years and the rent has only increased $200. We got a good thing going.
sightlab
Rent same, way below mkt for 7 years. See landlord all the time so he hasn’t just flaked, he’s just a great human being.
totolapse
For everyone else - ain't capitalism wunnerful?
Sezypatezy
Same thing with my rent, and I live in Philly!
FartPoweredPogoStick
I always did right by my tenants who didn't cause drama and paid rent consistently on time.
OrganoMetallic2016
My rent goes up about that every year
thekeyofe
I'm sorry, my dude.
DarthFutuza
Same, this year the market basically jumped up $200, while minimum wage stayed the same. :(
ineedtotalkaboutsomethings
My rent is 830$ a month. It’s the lowest I could find.
NKato
How tiny is your place?
ineedtotalkaboutsomethings
744 sq ft. It’s in Georgia on the savannah coast.
NKato
Georgia. Of course it's cheap there.
Webbegong
That's amazing depending on location. Around me people kill for that.
ineedtotalkaboutsomethings
Savannah Georgia.
WarningThisElectricianMayShockYou
That's about twice what my mortgage is... God damn.
ineedtotalkaboutsomethings
Yeah it’s comments like that, that make me wish I could buy a house.
majortool
I live in Ontario where rent can only be raised by the CPI. I'm paying at least $500 less than the current market rate.
selej
In Quebec they cant raise more then 5% a year. If i left my place would double in price.
JonnyTightlips
That's more than allowed in Ontario...
BreenW
That tells me the owners would be better off selling and putting the money in a moderate term investment. I presume capital gain is high
JonnyTightlips
In Ontario they made far more on the appreciation of the property,..
Inphiltration
Perpetual endless growth is not sustainable. Maintaining a level of income is not stagnation, it's sustainability!
majortool
They're still making good money in this investment.
kobster
Just an FYI- Rental rules in Ont only apply to units built before Nov 15 2018. Those new buildings built & occupied after this have no cap
bmocJR
What? When did this happen? I'm aware the RTA doesn't always apply to Condos but blanket all tenancies after 2018? Surely this can't be
youreathing
Also Ontario. The shitty thing is that this doesn't protect how much a landlord can charge between tenancies.
majortool
Agreed!
ILoveMadKate
Had a tenant once that was very wonderful. After 7 years we finally had to raise the rent by $50 a month to cover the increase in taxes &
ILoveMadKate
insurance. The next time we stopped by to fix something, her grown daughter, who did not live there, screamed at us the whole time telling
ILoveMadKate
us it was illegal, we were despicable human beings, etc. After that, we raised it every year a little bit.
Brucecori2
That sounds like it was on the daughter... Not the tenant... But hey congrats on punishing everyone for the actions of one.
NKato
Maybe shut the fuck up?
iamthugnasty
My rent went up by $15. It didn't bother me. What does is the fact that I could afford house payments in my area for the price of my rent
FoxyRaven
did you account for property tax, home insurance, and utilities or whatever other household expenses that are included free with your rent?
iamthugnasty
Yes. Insurance and property tax can and would be rolled into my monthly payment, but even if they weren't I could easily afford them in my
iamthugnasty
Area. And I already pay all utilities except trash and water. Which are both cheap here, and not every house has them as we have wells
camlations
Recently got a house and can confirm that mortgage/tax/rent/utilities/emergency savings is still cheaper than a smaller apartment.
camlations
It's actually more for a similarly sized apartment, and renting it would give me nothing in terms of long term assets.
camlations
The price for my mortgage is also fixed while rent goes up every year at a rate way higher than tax rates
camlations
Only reason I managed to get a loan approval is with family help which is a privilege not everyone has access to. I'm extremely fortunate
FoxyRaven
I always cringe when most people say "my rent is the same as a home payment", but failed to account for taxes and full utility expenses, etc
raifsevrence
Renters that don't live in apartments, heck even some apartment dwellers, pay full utilities. Truth is though, if paying for utilities is
raifsevrence
a financial issue, you most definitely cannot afford to buy a house. If you can't pay a utility bill, what are you going to do when your
raifsevrence
Hvac breaks or your roof leaks or you need a new water heater etc etc. Renting sucks. A lot. But, there's a lot of reasons people do it.
iamthugnasty
But won't get approved for a home loan.
thekeyofe
That sucks, my dude. I have really good credit so we could qualify for a loan, but house prices have risen so much that we can't afford it.
iamthugnasty
That's the thing. My credit is actually pretty good. It's only job history. I have been fully employed for nearly a decade since highschool.
iamthugnasty
I just have switched jobs too much for their liking. Even though every time has been a substantial bump in pay and into a steady industry.
zafner
Look, as a landlord, if you're a good tenant, that's worth quite a bit to me. Sounds good
selej
My old landlord before he sold didnt raise my rent for over 15 years. New landlord cant raise it more then 5% a year. Renting laws ;)
selej
Old landlord wanted to keep me. Ended having a super cheap apartment ill leave when i die.
Mackowitz
My brother in law rents his for more than $1000/m under market rate. Long time tenants are nice family and no drama. Totally worth it!
KileyBarker
All my landlords have been pretty chill. I think I got lucky considering some of my friends' stories.
thekeyofe
This is more or less what the landlord said to us. He said that the trade-off of keeping rent low was worth not having to deal with turnover
zafner
It's not just turnover. I mean you could lump in a huge amount of damage and hassle with the turnover, but in my mind that's separate
endfreq
I never realized how good of a tenant I was until I had a rental.
Link01
I just keep the rent the same, not worth losing for $2000 being vacant for 2 months because you wanted an extra $50/month
LittleYerrySeinfled
I have kept the rent below market for all my tenants. No complaints ever and they maintain the property.
Snuggelapolous
Totally. My landloard would much rather keep me around than have no find a new tenant. She's had some rough ones in the past.
jinbee
Yeah I've never understood landlirds kicking decent tenants out just to try and grab an extra £100, the next person could be a total dick.
Himser
Chasing ROI
Snuggelapolous
These are usually large property management companies and not independent landlords with a small amount of rentals.
Snuggelapolous
However, asking my landlord to fix things is not easy and I take responsibility for a lot of things I otherwise would not have to.