Do you think our rent is going to go up again with the change of management companies?

2016-09-14 07:20:59 UTC

I think you've been very LUCKY your rent has only gone up $100.00 in a four year period. I can't say if the new management company will raise your rent. If they're worth their weight in gold, they will study market rents & get for the owner what rents are going for in the area. It's only fair & right, it's a BUSINESS! You can always leave a 30 day notice & move somewhere else, or pay the increase if it happens. Maybe this new management company will fix everything that cosmetically needs to be done all at once, but don't think when all that's done the rent isn't going to be raised. The owner doesn't have to fix every cosmetic thing, but if she & the management company are willing to do that, it will make the property that much nicer for you to pay more rent. Or a new tenant will gladly pay for it if because that's the what the rents are going for in that area. You don't seem to understand that owner's property taxes, insurance, & taking care of the property has gone up! So why should they never raise the rent to help pay for this? Maybe you can move & find the perfect place that has nothing wrong with it, and the rent is never raised. Good luck with that!

loanmasterone

2016-09-14 06:51:07 UTC

Renters are always in a position of being asked to move. This is the reason a renter should be prepared for this day. They should have a sufficient amount in savings to be able to pay a deposit and first month rent at a new place.

Being on a month to month tenancy, your landlord or property manager is able to give you the proper notice for you to move. The proper notice is normally 30 days. In some instances, this might be up to 90 days depending on your state law and the number of years you have resided in the rental.

Since you are on a month to month tenancy you are able to give a written proper notice to your landlord or property manager and move. Normally a tenant would have to provide the landlord or property manager a 30 day notice that you would want to move.

Your landlord and property managers are always taking rent surveys to find out if they are charging the correct rent and if they are not charging enough to offset the expenses of operating the rental unit and the bottom line of an income.

Raising the rent is a part of being a renter, you can expect this. Your rent has been raised $100.00 in 4 years.that is $25.00 per year and not a great amount.

Your landlord is able to change the property manager at will. If they are not doing what she expect, she is able to hire a property manager that she would be more comfortable with.

Normally a new property manger would want to have first hand look at any new rental units they would be hired to manage. They would not want to rely on pictures taken by a previous property manager. Property managers would stress different things. The new property manager might want to know what need immediate attention and what can be done at a later date.

I hope this has been of some benefit to you, good luck.

"FIGHT ON"

AJ

2016-09-14 07:46:25 UTC

FYI, the new owners do not need your permission to inspect your unit. All that is required is that they give you proper notice.

So the inspection and the rent increase are 2 entirely separate things. I've already talked about the inspection. Now to rent. if you have a valid lease, aka not expired, the new owners must adhere to that lease, nor are you under any obligation to sign a new lease. Now a warning, if you only have a couple of months left, then it behove you to sign a new lease. If you have 6 months or more left on the lease, you shouldn't. However, when it does come time to renew, the new owners may chose not to give you a new lease and have you leave at the end of the lease, which is their right.

2016-09-14 06:35:49 UTC

"Our rent already is far too high for what we get." Really? Then move.

"It has now been raised up $100.00 more than what we started out paying four years ago!!" A $25/month per yer increase probably doesn't even keep up with the increased costs of things like maintenance and property tax. Yes, I think you will have more rent increases.

"We also fear the new management company may issue a notice for us to move." Look. You've done nothing but complain about your rent being "far too high" and not liking the management. If you're really that unhappy, it's time to move.

acermill

2016-09-14 06:38:07 UTC

DEBS is correct. If your rent has only gone up $100 in four years, you are doing OK. What YOU think of the rent costs is irrelevant. A good management firm will raise the rents to whatever current market rent is. Remember that landlords are not a charitable organization. They are in the business for profit.

D.E.B.S.

2016-09-14 06:33:09 UTC

$100 in 4 years? That sounds like an awesome deal! Of course, it really depends on what percentage that is.

Sounds to me like you're a drama queen about this. NOBODY knows what a new company will do. YES they need to do their own inspections to cover their butts. They can't rely on pictures from a company being fired. If the rent is high for the market, as you say, then move.

anonimitie

2016-09-14 06:37:00 UTC

I'd expect an increase at each renewal. The lessor doesn't need to justify the increase to the lessee. If you are unhappy, you are welcome to leave.

After Hissy Fit:

The only difference being month-to-month makes is that they can change the terms with greater frequency. It doesn't change my answer at all: "I'd expect an increase at each renewal. The lessor doesn't need to justify the increase to the lessee. If you are unhappy, you are welcome to leave."

"Can't they just look at pictures the other company took?" Sorry, I didn't take you seriously here. Sure they could! They don't want to and have every right to examine their property.

"Must we go through this AGAIN??" This wasn't rhetorical? Okay, yes, you must go through it again. An occasional inspection does not impede your quiet use of the place.

"do you think the new company will at least wait a year before any increase?" How could we possibly know?

"We also fear the new management company may issue a notice for us to move. We have faithfully paid our rent always on time. We can already tell we don't like this new company that's been hired." If you're unhappy, again, leave. If you don't like them, they're giving you notice to leave should be welcome news.

tro

2016-09-14 08:02:17 UTC

the management companies are engaged by the owner to manage these properties, the owner can change the companies any time he chooses but the leases in effect with old company continue until expiration with the new one

at that time changes can be made but not at any time during the term of the current lease

Judy

2016-09-14 22:48:48 UTC

Probably not until next year but it could.when you're month to month. If your rent hs only gone up $100 in FOUR YEARS you're likely getting a bargain. Your option is to give notice and move

Casey Y

2016-09-14 09:04:13 UTC

Since you rent month to month, they have every right to increase your rent with 30 days notice.

Just for reference, since there is less security with a month to month renter (as in, income security to the LL), they always charge more than the prevailing annual lease pricing.

Slickterp

2016-09-14 06:57:25 UTC

If you already have a lease, it remains valid, and they cannot change it and you have no obligation to sign a new one.

$100 increase in 4 years really isn't much.

Linda R

2016-09-14 10:45:42 UTC

Seriously? Let them look!