Home › Forums › Decaffeinated Coffee › Rental prices › Reply To: Rental prices

#2418217
Ex-CTLawyer
Participant

I have been a landlord for many decades. When my expenses (taxes, maintenance, insurance) rise then rent has to increase at renewal time. I keep my net constant, but why should you expect me to subsidize my tenants?

I do not look at what the current rentals in my local markets are to set rents. They are set based on expenses and a reasonable Return on Investment.
In years when taxes and insurance does not go up, I renew at current rental amounts.

This may be one reason that most of my tenants have been in place more than 10 years.