Cat,
I certainly don't think Sunstone's reply was meant as any kind of put down.
It is certainly a very unusual thing you've done, not to raise the rents, when they were, I guess, well and truly due for a raise.
I have chosen to raise rents in my properties when the market has gone that way- but if the market goes down, I'm prepared to drop the rents as well.
I remember the story Peter Spann told of one of his very first tenants, when he was managing his own properties. The tenant was a little old lady- and he never raised the rent because he was sorry for her.
But when she left (voluntarily) the two sons helped her to move- one in a Merc, and one in a Roller.
I'd be interested to know if you had a very particular reason for not raising, or whether it was a very general ethical consideration you had.
I certainly don't think Sunstone's reply was meant as any kind of put down.
It is certainly a very unusual thing you've done, not to raise the rents, when they were, I guess, well and truly due for a raise.
I have chosen to raise rents in my properties when the market has gone that way- but if the market goes down, I'm prepared to drop the rents as well.
I remember the story Peter Spann told of one of his very first tenants, when he was managing his own properties. The tenant was a little old lady- and he never raised the rent because he was sorry for her.
But when she left (voluntarily) the two sons helped her to move- one in a Merc, and one in a Roller.
I'd be interested to know if you had a very particular reason for not raising, or whether it was a very general ethical consideration you had.