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I have to raise rent on the single mother of 2 again...
Inflation hits us all honey.Of course, it would be terrible if you could no longer afford the lifestyle you are accustomed by profiting off of others labor
Exactly.
It must be weird to know that just dropping dead would actually make the world a tiny bit better than not. I wonder if that's how an intestinal parasite feels?
I think it would make the day of my employees harder for a few months.
I think it would make the rest of all of my wifes days really really bad.
I think the only people who would be happy that i just died would be people on the internet with superiority complexes.You should buy a better life insurance policy. What kind of person doesn't plan for the possibility of their spouse needing to be on their own?
Wait, we already know EXACTLY that kind of person, don't we?
Do you have to? or are you driving a fancy car, taking vacations, buying name brand clothing, spending money on over priced drinks.... i don't think you have to, i think you care about spending money on something that doesn't matter more than that mother and her children.
"Nice" cars, taking a Vacation, and name brand clothing isn't the demographic of rich we should all be fighting against. The actual rich wouldn't define anything they do or buy that way. They don't buy nice or fancy cars, they buy luxury cars. They don't buy name brand clothes, they buy designer clothes. They don't go on vacation, they just travel to their 10th summer home on their 3rs yacht and take a couple conference calls on the way.
I hate seeing the definition of middle class and the lower class fighting against each other. That's literally what the ultra rich want, they love it, it's their other favorite hobby.
Just because someone might barely make it out of the lower class and be able to afford a higher trim level on their Honda, and actually take a vacation doesn't mean that's a bad thing, what should fighting together for that be a thing for everyone in the lower class.
The whole reason a middle class was ever allowed was to keep the poors from eating the rich.
Yes i have to. Every unit has to be a net positive to itself or at least stay a small net negative so other units can catch a non-scheduled repair. I'm pretty sure the tenant wouldn't be happy to have to look for a new place just because a pipe broke.
Yes, i drive a Taycan and my wife has an ID.5.
Yes, i sit in my garden and enjoy whatever the weather allows me to.
Yes, i exclusively buy clothes made from good quality natural materials. A sweater of the brand of clothes i buy costs about 160€ and lasts about 8 Years. I have not had to replace one yet and i own about 40 pieces of clothing in total. Not counting suits.
What is an overpriced drink? I drink filtered tapwater, sometimes carbonated and at the rare occasion that i eat in a more fancier setting i drink Sprite.
If you feel so guilty about it, just sell her the unit at a price she can afford. Oh wait, you won't do that, because that would make your life harder, because then you wouldn't be able to profit off her efforts.
Stop feigning remorse for a wrong you won't stop doing.
Are you raising it proportionally to the costs you'd expect to see the next year for that unit and factoring in any expected equity were you to sell? I'm always curious how these rent hikes are calculated. Have you ever reduced rent?
Market rate
I cannot tell you how conglomerates do it, but i can speak for myself.
I own 10 Units that i rent out. I raise rent depending on what i think next year is gonna happen. But i also have 2 companies that generate income that i take into account a tiny bit.
It's been fucky since the Corona™️ though so i kept raises to the same level they were in 2019. About 4% a year.
I raise my rent to market value whenever i have a change in tenant.
I have never reduced rent. My costs have never gone down. If anything i didnt raise rent one year.
I cannot keep rent the same forever because inflation and other cost increases would just eat at the foundation and if something breaks i will have to just sell the entire unit.When last did any of your tenants have a 4% annual income increase?
Don't know. Don't care. I raise wages to a percent above inflation. Not my problem other employers don't.
Seeing everyone taking the bait in the replies is hilarious
People act strange when they think they have a moral high ground.
Seems like they're all new to the Internet...
Maybe you could fall in an open grave and just never come back out? What if you did that instead?
You really wanna know how little will change? Or was that just flamebait
What part of your expenses went up. Your own or the cost of owning the home?
All of them. Food, gas, petrol, property tax, car payments, electricity, water, my employees.... you name it, it got more expensive.
Guess what... aside from property tax and employees (which are your cost of doing business), your tenants also have to shoulder all those extra costs. And now they get slugged by your rent increases as well.
While I agree to a point, apart from property tax and employees there's more costs that i face so the tenant doesnt have to.
Insurance (both from natural causes and unnatural damages), the aforementioned property tax, waste and fresh water, appliances that have to be replaced, corrosion damage, trash disposal, street cleaning etc.
I get the slight feeling that you only ever rented? This is all part of the rent. You are paying a part of all this with your rent. I get an average of 400 before tax a month on each unit.
You think the eingle mother of 2 could afford a mortgage of more than the rent (US centric, in Europe it'd be a loan) and all the running costs?While I agree to a point, apart from property tax and employees there’s more costs that i face so the tenant doesnt have to. Insurance (both from natural causes and unnatural damages), the aforementioned property tax, waste and fresh water, appliances that have to be replaced, corrosion damage, trash disposal, street cleaning etc.
Wherever I have rented, I paid for my electricity and water usage. So unless you're talking about your own electricity and water usage, I'm not sure what you mean by "facing costs so the tenant doesn't have to". Structural insurance is not a cost the tenant would bear themselves if you didn't, since they can't take out insurance on a structure they don't own. So if you weren't bearing that cost, your property would simply be uninsured. The rest are pretty much your business costs.
I get the slight feeling that you only ever rented?
You'd be mistaken. I have been in the fortunate position of not having to rent for the past ten years - I've dealt with too many shitty landlords and middlemen to ever want to do it again. And the same way you don't care if a tenant's salary is going up enough to be able to afford your rent increases, I don't care what you make on renting out a unit. You could be breaking even for all I care. Your business model is predicated on people being able to afford your rent, and if purchasing (or, if you will) renting power is reducing across the board due to ever increasing cost of living, well, then you don't have a viable business. Nobody forced you to be a landlord, nobody ever said your investment was going to be risk-free.
You think the eingle mother of 2 could afford a mortgage of more than the rent (US centric, in Europe it’d be a loan) and all the running costs?
In many markets, private landlords set their rent so that the renter is pretty much paying the mortgage on the rented property, plus the running costs. The Australian market in particular is so inflated right now that many renters would actually be better off paying a mortgage on the same place they're renting.
Wherever I have rented, I paid for my electricity and water usage.
Ok, cool. My Tenants don't.
The Australian market in particular is so inflated right now that many...
Cool, not Australian.
Inflation is fake.
You don't believe changes in the supply of a good influence its value?
You can dream bobby, but your dreams are not reality.
sees downvotes and replies
Satire is apparently dead
Ya'll act like satire hasn't been dead for a good 15 years.
