4 ms·

So one out of the five costs only applies to some properties? How does that make me wrong? You also failed to say, “nothing needs to be fixed at MY property! W

So one out of the five costs only applies to some properties? How does that make me wrong? You also failed to say, “nothing needs to be fixed at MY property! Why did my rent go up!?” Because it takes several years to save up to replace an HVAC system or a rotten deck or plumbing failure and I have to charge based on the projected cost.

monkpit 3y ago
Sewer, trash are negligible compared to the cost of rent. If they double you’re looking at rent going up by around 3% and that’s if the landlord isn’t making the renter pay those fees directly. Maintenance costs and taxes are the only ones that could be a factor out of your original 5 - your point is drowned out by the poor supporting facts. And taxes aren’t even going up, just the valuation of the properties - which drives higher rent anyways. And since you’re a landlord, you should have a maintenance plan that would reimburse you for things like HVAC.
- weard_beard 3y ago
  I will say that market rate has outpaced these costs. My wife and I ignore market rate and are always below, but we do adjust based on our actual costs. For a 3 bedroom in a Midwest metro area we had to raise rents based on our actual and projected costs by 300$/month last year. We are still below average rents in our area by 300-500$/month
- aorloff 3y ago
  I am not making a political argument about the economics here. At the end of an inflationary cycle (if we are at the end) the markets, including the housing market, have to find equilibrium. Costs and vacancy are rising for landlords. Suppose you are a homeowner. You definitely know then that utilities, insurance, possibly the mortgage, definitely maintenance costs have gone up. You pay those as your "rent" because you are the owner. So the rent went up, even though you are the landlord.

4 ms·

So one out of the five costs only applies to some properties? How does that make me wrong? You also failed to say, “nothing needs to be fixed at MY property! W

by weard_beard 3y ago

monkpit 3y ago
Sewer, trash are negligible compared to the cost of rent. If they double you’re looking at rent going up by around 3% and that’s if the landlord isn’t making the renter pay those fees directly. Maintenance costs and taxes are the only ones that could be a factor out of your original 5 - your point is drowned out by the poor supporting facts. And taxes aren’t even going up, just the valuation of the properties - which drives higher rent anyways. And since you’re a landlord, you should have a maintenance plan that would reimburse you for things like HVAC.
- weard_beard 3y ago
  I will say that market rate has outpaced these costs. My wife and I ignore market rate and are always below, but we do adjust based on our actual costs. For a 3 bedroom in a Midwest metro area we had to raise rents based on our actual and projected costs by 300$/month last year. We are still below average rents in our area by 300-500$/month
- aorloff 3y ago
  I am not making a political argument about the economics here. At the end of an inflationary cycle (if we are at the end) the markets, including the housing market, have to find equilibrium. Costs and vacancy are rising for landlords. Suppose you are a homeowner. You definitely know then that utilities, insurance, possibly the mortgage, definitely maintenance costs have gone up. You pay those as your "rent" because you are the owner. So the rent went up, even though you are the landlord.