Posted by redforlife on December 21, 2021 at 10:32:49 from (174.210.167.54):
In Reply to: What's typical posted by flying belgian on December 21, 2021 at 09:02:42:
If renting out for one year at a time, and I presume you are since you didn't specify otherwise, the thing to do would be have an in person conversation at end of year, or beginning of new year, regarding rent raise. And you just can't really blurt out that you suddenly decided to jack the rent up on your renter. Well, you can I guess, but if your renter is not willing to pay extra, he might just tell you to stick it. And if your happy with this renter, and have to go shopping around for another one, you might not like being in that boat. Some renters will highly abuse your ground. Especially if start getting real greedy and trying to squeeze every rent dollar you can out of it. Because they in turn will try to squeeze every dollar they can out of your ground. And do it in one year.
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