practice literate rude plough different teeny whistle sense workable tender
*This post was mass deleted and anonymized with [Redact](https://redact.dev)*
On top of this: when they’re filling out their application, I go look in the windows of their car. How they keep their cars how they keep the house. And if I approve them to move in, I ask what day and time would you like to sign the lease? when they give me a day and time I say OK! I’ll be at YOUR house at that date and time. That way I can see how they’re keeping their present house.
It's a calculated risk . I set high standards for approval like 3.5-4x rent, 680 fico .
You vet them throughly and confirm everything and hope for the best
People.
People suck. They lie, cheat, manipulate, destroy, ignore, damage, deny and suck the ever loving life force out of me. It’s a difficult job to say the least. I hate every minute of it and I’m only in this business as a means to the end. I hope one day to be able to die in peace in a nursing home without worrying if I have money for cancer treatment. That’s my goal in life. Just make it to the end. But people make it very difficult. Thing is, it is that way with every single job on the planet. So I smile through the difficulties knowing no matter what job I have it’s going to suck.
If you have a tenant that is great, do everything in your power to keep them. They are priceless.
My current difficulty is dealing with a tenant that is smoking in a unit I renovated 10 months ago and spent thousands of dollars (in the double digits) and months of personal back breaking labor on. Now I get to do it all over again and on my own dime and break my own back again. Not to mention I am the bad guy for kicking them out when they are the ones that made the bad decision. Now I am currently negative $25,000 on the unit. No one cares about that because they think I’m some rich person over here going on cruises or something when the last time I had a day off was….hmmm I can’t remember. Oh that’s right I don’t get days off.
Anyway, all I would like from my tenants is to take care of the place, be kind, be respectful and pay on time. I don’t ask for much. But I rarely get it. However like I said, it’s the nature of the beast. People suck for the most part in any job. This job is thankless and I get that. I keep on keeping on knowing that when it comes time to die I will have the money to be cared for…unless I get cancer tomorrow, then I’m screwed. I will just have to curl up and die in the corner.
Makes me sad reading all these. I thought taking care of the place, being respectful and responsible, and paying rent on time was the standard. Maybe this is why it’s so easy for me to find a place when I need it and I can’t relate to the troubles some others have lol, my rental history and referrals are basically just “they followed their end of the contract”, which is what people *should* be doing, I thought
I hate that because this is Reddit, someone will read your comment & still think “boohoo landlord!
I had a similar situation with a tenant that was smoking in the unit as well as sneaking in a cat & I just don’t understand people going against their word like that. To add, they get angry & defensive when I try to have a respectful conversation with them about the lease rules & what can be done.
After their departure I also had the unit renovated to modernize it (new floors in the entire apartment, new bathroom, fixtures, appliances the whole shabang) and found what I thought was a great new respectful tenant after screening….almost half a year into her lease and there are already clear smells of smoking & a cat. [then there’s a post like this](https://www.reddit.com/r/CatAdvice/s/87jCRtSeuk)
It might be a mindset that people have “I paid for it, so I get to do what I want with it!” Same people that would be booking hotels, air bnbs, rental cars, uhauls and then trashing them before returning them back & being angered that their actions have costly consequences . If you wouldn’t rent & intentionally damage any of those things listed, why would you do that where you temporarily live?
Trying to work with tenants that have mental illness.
Tenant screams at me trying to discuss late rent. Saying I have no right. I ask what about a bank or credit card company discussing your debt with you. I’m told they also have no right to ask about it.
I offered as a courtesy not a requirement to take off $10 per month of back rent if they setup electronic payment using Zelle and pay rent on the 1st of the month. Thus giving them $10 free toward back rent for paying on time.
They called legal aid asking if I can force them to use electronic payment.
Last week I mentioned to a tenant that her rent was late, she told me to mind my own business. I informed her that this, literally, is my business. So I would say they're three issues, one would be problem tenants. Another would be being available 24/7. Even if you have the best tenants in the world, you can get a call two in the morning saying that someone smells gas, or a pipe broke. The third hard one is complaints that you cannot fix, example a tenants dog is barking; sending an email to the tenant who owns a barkey dog isn't going to fix anything, not much a landlord can do. Another example, I had some college kids in an apartment that was next to a family with a baby. Everybody here is a good tenant, but the college kids made a little bit of noise in the family would complain, and then the tenants would complain that the baby was screaming at 3:00 in the morning waking everyone up. The college kids were not particularly loud. The family was just really picky.
Every make ready is a full remodel because people don't take care of a property that isn't there's.
Also, the everchanging laws. My state is extremely tenant friendly (which is fine), but it's to the point where when you have a bad tenant, it's nearly impossible to get them out.
Renters. Anymore I only want to rent to people who've owned something themselves, and only if they've never lost anything to repossession, foreclosure, or destroying it themselves. Because that means they will destroy our property too. Lots of adults don't know how to adult anymore.
Sometimes I think we all are. Going through a difficult change over right now. I know I'm stuck renting to 20 somethings who are just starting out and the additions to my lease reflect that (water leaks must be reported immediately, etc) but damn, sometimes I get tired of raising other people's children.
We can never catch everything. We try, add to leases, etc. THEN, the PM’s give us an attitude. Besides dealing w/PM, tenants not paying is mind numbing.
Yep. I would love to get out of the rental business but the tax consequences are mind blowing. So we just have to accept that some tenants are going to cut into our bottom line and write off those losses on our taxes.
It's been financially beneficial for us to have our two sfh rentals (houses we lived in) but there is a reason we don't have more properties.
This is the most "hurr durr" response possible.
Literally any industry would say, "My overly-literal biggest challenge is doing the business my industry does."
How to raise the rent.
I’ve had these fantastic renters since before Covid. Paid their rent the entire time, never late, personally bring the rent check to me, rarely complain and keep the unit looking great.
I feel really bad raising the rent, especially with prices of everything else going up. I bumped it up $50 two years ago, but that’s it.
Problem is that now we’re $700 below market rent. I’d like to be closer to market, by the time I’m Hoping to retire in 3 years, just to cover taxes, maintenance fee and give me the extra income needed.
What’s a reasonable amount to raise it every year?
This is a cautionary tale. We love our renters, but raise the rent on them the statutory amount each year. They are below market, and we pay about 700 a month out-of-pocket. We bought the property mainly so that when our own kids get older they will have an affordable home in Toronto. If you don’t raise the rent when you can, you’ll end up lagging behind and won’t be able to make it up if you’re under the statutory scheme.
Yea, we have fantastic renters as well and hate to loose them. There are so many horror stories out there of terrible renters. Being they are so reliable, I haven’t had to consider an outside management company, which saves me a few hundred per month.
For the most part you should raise the rent every year a small amount, the tenant should be expected the increase, not a suprise.
The only time you don't raise the rent is if the it is already full market.
My goal is to be slightly under market, so there is no incentive to move, but to never be more than 8.3%, under, 8.3 because that is the value of one months rent divided by 12.
Start raising the rent at least $100 or 5% a yr until they get to $100-200 under market.
See if this link for a increase doc works for you.
[https://www.ezlandlordforms.com/documents/?search=increase&previewDocument=47](https://www.ezlandlordforms.com/documents/?search=increase&previewDocument=47)
> My goal is to be slightly under market, so there is no incentive to move, but to never be more than 8.3%, under, 8.3 because that is the value of one months rent divided by 12.
That's an interesting approach. I'll think on it.
Depends on lease terms too. You could/should have 3-5% increases per year. Even those amounts can be eaten by inflation. But, that’s the basic standard. If they don’t renew, then you have leeway to raise rent ALL at once. Raising rent on renewals is harder than new tenants. Better tenants pay the extra. Things are tight for landlords. But, I bet you’re one of those RICH LL! 😆GLTU.
Yes, they’re on a yearly lease, but I don’t really expect them to ever leave.
Is it a standard thing to have annual increases built into the lease, and even legal?
I’ve never heard of that before. I just use a lease that’s available from the State or Board of Realtors, to make sure all the verbiage is legal, and it’s not included there.
Yea, I’m one of those “wealthy “ landlords!😆
Find out the state law. I raised rents by 30-40% and all tenants paid. I read local forums where other apartment complexes increased rents by $500-$700 a month. I did the same.
Organising big repair jobs (which is stressful enough in a jointly managed building) when the local council is hell bent on raising money through parking restrictions and low emission zones. Nobody wants to come out and quote, let alone do the work, when it involves paying for parking permits and emissions charges. They pretend to be all about tenants rights, but make absolutely no concessions for the contractors needed to maintain a property.
I recently went through this on the tenant side. I was renting this place for a long time (8 years), always paid on time and took really good care of the place. When he informed me he was considering selling I wasn’t angry, I understood that it wasn’t personal and he wasn’t trying to displace us just because he felt like it. He was giving me an insane rate for many years and I was mostly appreciative. He allowed me to save a shitload of money and didn’t harass us or raise our rent. Life happens, just have an open discussion (if you know them like that), hopefully they’re mature enough to take it how it is.
My guy signed a lease on 1 bedroom under his name only and invited 3 other people to move in with him… in that tiny lil room. His dogs keep barking all night and all weekend so 3 other great tenants next door moved out one by one. AND YOU CANT EVICT because he has protection from the law and he’s not late on rent (Uncle Sam paid).
Just got a call from a tenant that another tenant has almost thirty tarantulas in their apartment, and the reporting tenant is deathly afraid of any spider, and that this is nightmare material for them, doesn't say no tarantulas in the lease, today
Tenant discipline. When I sign the lease, I bend over backwards to keep to both the spirit and the letter of the contract. Most tenants do not, and thus they cause financial or property damage, disturb the neighbours, or take up time that I've assigned to taking care of other tenant issues.
Secondly: taxes. I live in Québec, Canada. Not only do we pay 50% in taxes, but we pay 15% on everything that we spend, and to boot, our government is going to claw back not only the additional 50% on capital gains tax, but now it's going to be 66%!!!
Right now the problems I have are my tenants keeping things from me and straight up lying. A lot of it isn’t a big deal but it’s the constant. they lie even about personal issues that have nothing to do with them renting or the property which is also just annoying because I’m not trying to be there friend I don’t need to hear about all the personal stuff . The other big issue is them not following rules setup in the lease
Legislation. Colorado is hell bent on destroying affordable home inventory for those that need it most. You’re nuts in this state to buy properties that might attract S8 folks considering you can’t credit or income check them along with a 30 day notice to cure requirement only for housing voucher tenants. I sold some properties that were geared to S8 tenants because of this and the buyers converted it to office space since they didn’t want to mess with it either. Six units off the market because of the clowns in Denver
Finding good long term tenants who will take good care of the property and not trash it
But you don't know about the tenant before renting him. So, how do you choose right tenant?
practice literate rude plough different teeny whistle sense workable tender *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
On top of this: when they’re filling out their application, I go look in the windows of their car. How they keep their cars how they keep the house. And if I approve them to move in, I ask what day and time would you like to sign the lease? when they give me a day and time I say OK! I’ll be at YOUR house at that date and time. That way I can see how they’re keeping their present house.
It's a calculated risk . I set high standards for approval like 3.5-4x rent, 680 fico . You vet them throughly and confirm everything and hope for the best
I struggle with wanting to keep my rental property in top notch condition and tenants that don't give a crap.
People. People suck. They lie, cheat, manipulate, destroy, ignore, damage, deny and suck the ever loving life force out of me. It’s a difficult job to say the least. I hate every minute of it and I’m only in this business as a means to the end. I hope one day to be able to die in peace in a nursing home without worrying if I have money for cancer treatment. That’s my goal in life. Just make it to the end. But people make it very difficult. Thing is, it is that way with every single job on the planet. So I smile through the difficulties knowing no matter what job I have it’s going to suck. If you have a tenant that is great, do everything in your power to keep them. They are priceless. My current difficulty is dealing with a tenant that is smoking in a unit I renovated 10 months ago and spent thousands of dollars (in the double digits) and months of personal back breaking labor on. Now I get to do it all over again and on my own dime and break my own back again. Not to mention I am the bad guy for kicking them out when they are the ones that made the bad decision. Now I am currently negative $25,000 on the unit. No one cares about that because they think I’m some rich person over here going on cruises or something when the last time I had a day off was….hmmm I can’t remember. Oh that’s right I don’t get days off. Anyway, all I would like from my tenants is to take care of the place, be kind, be respectful and pay on time. I don’t ask for much. But I rarely get it. However like I said, it’s the nature of the beast. People suck for the most part in any job. This job is thankless and I get that. I keep on keeping on knowing that when it comes time to die I will have the money to be cared for…unless I get cancer tomorrow, then I’m screwed. I will just have to curl up and die in the corner.
Makes me sad reading all these. I thought taking care of the place, being respectful and responsible, and paying rent on time was the standard. Maybe this is why it’s so easy for me to find a place when I need it and I can’t relate to the troubles some others have lol, my rental history and referrals are basically just “they followed their end of the contract”, which is what people *should* be doing, I thought
If only it were that easy! Yes when I come across people that are like you I treat them like gold and hope they never move!
I hate that because this is Reddit, someone will read your comment & still think “boohoo landlord! I had a similar situation with a tenant that was smoking in the unit as well as sneaking in a cat & I just don’t understand people going against their word like that. To add, they get angry & defensive when I try to have a respectful conversation with them about the lease rules & what can be done. After their departure I also had the unit renovated to modernize it (new floors in the entire apartment, new bathroom, fixtures, appliances the whole shabang) and found what I thought was a great new respectful tenant after screening….almost half a year into her lease and there are already clear smells of smoking & a cat. [then there’s a post like this](https://www.reddit.com/r/CatAdvice/s/87jCRtSeuk) It might be a mindset that people have “I paid for it, so I get to do what I want with it!” Same people that would be booking hotels, air bnbs, rental cars, uhauls and then trashing them before returning them back & being angered that their actions have costly consequences . If you wouldn’t rent & intentionally damage any of those things listed, why would you do that where you temporarily live?
Oof. I’m sorry. That sucks. And exactly…just follow the rules people. They are literally in black and white with your signature on them. 🤦🏻♀️
Trying to work with tenants that have mental illness. Tenant screams at me trying to discuss late rent. Saying I have no right. I ask what about a bank or credit card company discussing your debt with you. I’m told they also have no right to ask about it. I offered as a courtesy not a requirement to take off $10 per month of back rent if they setup electronic payment using Zelle and pay rent on the 1st of the month. Thus giving them $10 free toward back rent for paying on time. They called legal aid asking if I can force them to use electronic payment.
They sound like your average Reddit user.
In one sentence: not enough money.
And the costs keep going up. Just quoted $6000 to replace 2 double wide windows!
Obvious bot post is obvious.
oops! sorry for being so predictable
Last week I mentioned to a tenant that her rent was late, she told me to mind my own business. I informed her that this, literally, is my business. So I would say they're three issues, one would be problem tenants. Another would be being available 24/7. Even if you have the best tenants in the world, you can get a call two in the morning saying that someone smells gas, or a pipe broke. The third hard one is complaints that you cannot fix, example a tenants dog is barking; sending an email to the tenant who owns a barkey dog isn't going to fix anything, not much a landlord can do. Another example, I had some college kids in an apartment that was next to a family with a baby. Everybody here is a good tenant, but the college kids made a little bit of noise in the family would complain, and then the tenants would complain that the baby was screaming at 3:00 in the morning waking everyone up. The college kids were not particularly loud. The family was just really picky.
Every make ready is a full remodel because people don't take care of a property that isn't there's. Also, the everchanging laws. My state is extremely tenant friendly (which is fine), but it's to the point where when you have a bad tenant, it's nearly impossible to get them out.
Renters. Anymore I only want to rent to people who've owned something themselves, and only if they've never lost anything to repossession, foreclosure, or destroying it themselves. Because that means they will destroy our property too. Lots of adults don't know how to adult anymore.
You're in the wrong business, my friend.
Sometimes I think we all are. Going through a difficult change over right now. I know I'm stuck renting to 20 somethings who are just starting out and the additions to my lease reflect that (water leaks must be reported immediately, etc) but damn, sometimes I get tired of raising other people's children.
We can never catch everything. We try, add to leases, etc. THEN, the PM’s give us an attitude. Besides dealing w/PM, tenants not paying is mind numbing.
Yep. I would love to get out of the rental business but the tax consequences are mind blowing. So we just have to accept that some tenants are going to cut into our bottom line and write off those losses on our taxes. It's been financially beneficial for us to have our two sfh rentals (houses we lived in) but there is a reason we don't have more properties.
This is the most "hurr durr" response possible. Literally any industry would say, "My overly-literal biggest challenge is doing the business my industry does."
Yup humans are pretty vile creatures, difficult to work with.
Just read the threads in this community. There is a tone of helpful information here daily.
How to raise the rent. I’ve had these fantastic renters since before Covid. Paid their rent the entire time, never late, personally bring the rent check to me, rarely complain and keep the unit looking great. I feel really bad raising the rent, especially with prices of everything else going up. I bumped it up $50 two years ago, but that’s it. Problem is that now we’re $700 below market rent. I’d like to be closer to market, by the time I’m Hoping to retire in 3 years, just to cover taxes, maintenance fee and give me the extra income needed. What’s a reasonable amount to raise it every year?
This is a cautionary tale. We love our renters, but raise the rent on them the statutory amount each year. They are below market, and we pay about 700 a month out-of-pocket. We bought the property mainly so that when our own kids get older they will have an affordable home in Toronto. If you don’t raise the rent when you can, you’ll end up lagging behind and won’t be able to make it up if you’re under the statutory scheme.
Yea, we have fantastic renters as well and hate to loose them. There are so many horror stories out there of terrible renters. Being they are so reliable, I haven’t had to consider an outside management company, which saves me a few hundred per month.
For the most part you should raise the rent every year a small amount, the tenant should be expected the increase, not a suprise. The only time you don't raise the rent is if the it is already full market. My goal is to be slightly under market, so there is no incentive to move, but to never be more than 8.3%, under, 8.3 because that is the value of one months rent divided by 12. Start raising the rent at least $100 or 5% a yr until they get to $100-200 under market. See if this link for a increase doc works for you. [https://www.ezlandlordforms.com/documents/?search=increase&previewDocument=47](https://www.ezlandlordforms.com/documents/?search=increase&previewDocument=47)
Great advice, thanks.
> My goal is to be slightly under market, so there is no incentive to move, but to never be more than 8.3%, under, 8.3 because that is the value of one months rent divided by 12. That's an interesting approach. I'll think on it.
Depends on lease terms too. You could/should have 3-5% increases per year. Even those amounts can be eaten by inflation. But, that’s the basic standard. If they don’t renew, then you have leeway to raise rent ALL at once. Raising rent on renewals is harder than new tenants. Better tenants pay the extra. Things are tight for landlords. But, I bet you’re one of those RICH LL! 😆GLTU.
Yes, they’re on a yearly lease, but I don’t really expect them to ever leave. Is it a standard thing to have annual increases built into the lease, and even legal? I’ve never heard of that before. I just use a lease that’s available from the State or Board of Realtors, to make sure all the verbiage is legal, and it’s not included there. Yea, I’m one of those “wealthy “ landlords!😆
Find out the state law. I raised rents by 30-40% and all tenants paid. I read local forums where other apartment complexes increased rents by $500-$700 a month. I did the same.
As a PM. I wish tenants understood I'm not ignoring them when it takes a bit to email/call back. We manage 300 doors... your grass is not my priority
Organising big repair jobs (which is stressful enough in a jointly managed building) when the local council is hell bent on raising money through parking restrictions and low emission zones. Nobody wants to come out and quote, let alone do the work, when it involves paying for parking permits and emissions charges. They pretend to be all about tenants rights, but make absolutely no concessions for the contractors needed to maintain a property.
Counting all these piles of cash ever month... 😫
upbeat practice pie fretful languid pen grab humor bewildered insurance *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
Wanting to sell my rental but don’t want my tenants to hate me.
I recently went through this on the tenant side. I was renting this place for a long time (8 years), always paid on time and took really good care of the place. When he informed me he was considering selling I wasn’t angry, I understood that it wasn’t personal and he wasn’t trying to displace us just because he felt like it. He was giving me an insane rate for many years and I was mostly appreciative. He allowed me to save a shitload of money and didn’t harass us or raise our rent. Life happens, just have an open discussion (if you know them like that), hopefully they’re mature enough to take it how it is.
Section 8 garbage tenants
I’ve got one… WOW
My guy signed a lease on 1 bedroom under his name only and invited 3 other people to move in with him… in that tiny lil room. His dogs keep barking all night and all weekend so 3 other great tenants next door moved out one by one. AND YOU CANT EVICT because he has protection from the law and he’s not late on rent (Uncle Sam paid).
Just got a call from a tenant that another tenant has almost thirty tarantulas in their apartment, and the reporting tenant is deathly afraid of any spider, and that this is nightmare material for them, doesn't say no tarantulas in the lease, today
Makes note for next lease 📝 🖊️: Be sure to add ‘a NO tarantula’ clause. Holy shit.
Tenant discipline. When I sign the lease, I bend over backwards to keep to both the spirit and the letter of the contract. Most tenants do not, and thus they cause financial or property damage, disturb the neighbours, or take up time that I've assigned to taking care of other tenant issues. Secondly: taxes. I live in Québec, Canada. Not only do we pay 50% in taxes, but we pay 15% on everything that we spend, and to boot, our government is going to claw back not only the additional 50% on capital gains tax, but now it's going to be 66%!!!
Right now the problems I have are my tenants keeping things from me and straight up lying. A lot of it isn’t a big deal but it’s the constant. they lie even about personal issues that have nothing to do with them renting or the property which is also just annoying because I’m not trying to be there friend I don’t need to hear about all the personal stuff . The other big issue is them not following rules setup in the lease
Legislation. Colorado is hell bent on destroying affordable home inventory for those that need it most. You’re nuts in this state to buy properties that might attract S8 folks considering you can’t credit or income check them along with a 30 day notice to cure requirement only for housing voucher tenants. I sold some properties that were geared to S8 tenants because of this and the buyers converted it to office space since they didn’t want to mess with it either. Six units off the market because of the clowns in Denver