I don't see why not - if you're sure it's about 100 under the going rate.suicra05 said:Have 3 bed rented to tenants for 1230 euro in D 16 area. This is approx 100 euro below the going rate. Should I increase the rent a little at the yearly renewal which is next month. Tenants are good as they have been no major hassle. Advice please .
markowitzman said:Rent charged still went up and as a landlord got deductible expense on oil.
I am increasing my rent by €50 Euro from next month and will still be under the going rate for the area. If the mortgage interest rates and insurance premium hadn't risen, I would be increasing at all - so it's not a case of "my costs increased by 100 euro a month, therefore I will increase the rent by that, that's fair".hmmm said:The trouble here is that you are looking at the rent you charge as being a factor of your expenses - "my costs increased by 100 euro a month, therefore I will increase the rent by that, that's fair". But it's not because rent is a figure decided by the market and not by individual landlords - if you increase the rent you run the risk of having your tenant leave, and if as a landlord you said to me "I'm increasing the rent because my expenses have gone up" my attitude would (mostly) be "I don't care".
In saying that I've been with my own landlord for over 5 years now, he charges slightly below the market rate and treats me professionally. In return he gets a long term and careful tenant.
delgirl said:in the other one I have a single mother with two young children who I know could not afford an increase, even though my costs for mortgage interest, insurance and refuse disposal have increased.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?