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Do you have any reason to think they do this? With "this" meaning "give higher rent hikes to tenants with high incomes than they otherwise would've." It doesn
by mundo 9y ago
Do you have any reason to think they do this? With "this" meaning "give higher rent hikes to tenants with high incomes than they otherwise would've." It doesn't sound remotely plausible to me.
- FireBeyond 9y agoI guarantee it. Some PM companies I'd rate lower than debt collection agencies on the ethics scale. See my sibling comment, promising owners they'd find ways to apply the maximum possible rent increases.
- mundo 9y ago"It sounds like something those jerks would do" is the absolute least persuasive reason you could've given. Here's why I think it's implausbile: * It's hard for me to believe this practice would be profitable. The revenue would be pretty small (since it only applies to lease renewals, not the initial lease at the advertised price), and it would presumably increase turnover, which is one of a landlord's biggest costs. * If this is common practice, why is it not common knowledge? It would be clickbait gold, and any two tenants in a big building full of identical units could compare notes and put two and two together, to say nothing of the hundreds or thousands of office workes in property management companies that would have to be aware of it. I looked around for about two minutes and didn't find any articles denouncing it, so it seems likely to be either false or the subject of a remarkably effective cover-up.