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I gave one of my tenants a $10 rent increase for Christmas (effective 1/1/09), although it is probably still a little under market.
Not sure how to wrap a rent rise! Any suggestions would be welcome.
When you get a tenant that wants everything & wants it now & you are on a low income, you learn very quickly that you don't have to pander to their every whim.
We had one tenant who moved into an IP of ours. We hadn't had it very long. It was our first & we were on a very low income. Each & every week there was a request for something. She drove us crazy & were very much relieved when she left.
The tenant in the same IP today, started out the same, however each time she asked for something she has been met with the same reply (unless maintenance, of course). No! The house is let AS IS. If you would like (you name it) then we can install it at your cost, or increase the rent to cover it's cost. This tenant is long term now & tries it every so often. BUT at first it was every couple of weeks.
We have an incentive program for one of our tenants. She is notoriously late paying the rent so I have given her a weeks free rent if she pays it on time each Friday. Works well.
Hey ?? You give her a week's free rent every Friday ??
very generous mike , i bet they are happy it doesnt come into effect for over a year
Damn tribunal. First they get the date wrong, then they give the tenants until the 28th because they've got children. I bet they can still afford to give their kids plenty of crap for Christmas though AND I'M THE ONE PAYING FOR IT!another is getting an eviction if the tribunal comes to the party tomorrow.
Damn tribunal. First they get the date wrong, then they give the tenants until the 28th because they've got children. I bet they can still afford to give their kids plenty of crap for Christmas though AND I'M THE ONE PAYING FOR IT!