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So this strategy is really only effective when you'd like to raise rent by 9.1% per year?
by danger 14y ago
So this strategy is really only effective when you'd like to raise rent by 9.1% per year?
- anonymoushn 14y agoEvery two years, it seems.
- ianferrel 14y agoIt's still every year, but with a one-year lag on the first increase.
- SatvikBeri 14y agoA 9.1% price increase per year is more than most businesses pull off, and would make a lot of them very happy.
- FireBeyond 14y agoRealize that in many areas, rental increases have legislated maximums, or increased notice periods for any raise above a certain percentage. This is a cunning way around that.
- trhtrsh 14y agoNo it's not. Discounts are still governed by rent laws. It's just a standard 1-month free signup discount followed by annual increases.
- tzs 14y agoThere are more options than that. For instance, to obscure a planned increase from $550/month to $660/month, the offer could be two months free: 12 x $550 = 10 x $660. There's no reason the discount has to be for the full rental amount in a month. To obscure an increase from $550/month to $575/month, the offer could be be $300 off for January: 12 x $550 = $275 + 11 x $575.