G'day all,
I got this letter last week, and I'm not sure what to make of it.
I received a letter in the mail from my real estate agent saying something along the lines
'Due to high demand and low vacancy rates in the rental market in <suburb>, your exisitng rental property @ <address> currently tenanted by <tenants name> at <current rate> should be increased to <new rate>.
If you do not respond to this letter by <date> notifiying us to lower the amount of increase, or to stop, we will send a notice of rental increase to <tenant> increasing weekly rent from <new rate>'
It sounds legit, and I will be doing my own research.
But I want to know if this is the agent's way to try an earn an extra 110% agent leasing comission? (by increating the amount enough to annoy the tenant, so they move out, and get a new tenant and earn their commission).
The proposed increase is $20 per week. which I think might be excessive enough for the tenant to feel they are being treated unfairly.
I had always considered increased by $10/wk tops each year.
All thoughts are welcomed
I got this letter last week, and I'm not sure what to make of it.
I received a letter in the mail from my real estate agent saying something along the lines
'Due to high demand and low vacancy rates in the rental market in <suburb>, your exisitng rental property @ <address> currently tenanted by <tenants name> at <current rate> should be increased to <new rate>.
If you do not respond to this letter by <date> notifiying us to lower the amount of increase, or to stop, we will send a notice of rental increase to <tenant> increasing weekly rent from <new rate>'
It sounds legit, and I will be doing my own research.
But I want to know if this is the agent's way to try an earn an extra 110% agent leasing comission? (by increating the amount enough to annoy the tenant, so they move out, and get a new tenant and earn their commission).
The proposed increase is $20 per week. which I think might be excessive enough for the tenant to feel they are being treated unfairly.
I had always considered increased by $10/wk tops each year.
All thoughts are welcomed