These people (many of them my fellow millennials) really are clueless. They complain about the greediness of landlords while failing to realize that the prices are so high because there's limited supply and high demand from them and their ilk. They really should be blaming their peers for being willing to pay these "exorbitant prices".
None of my tenants have EVER done anything that made me feel as though I was charging too little rent; mostly the complete opposite. Then when you have them voting for higher property taxes and utilities prices (due to their green energy initiatives) they get rent increases. I have lost several tenants due to having to increase rent from taxes and utilities (which I cover). I am sure they voted for it... coincidentally the property they vacated was not vacant for more than a week... guess rent wasn't too high for someone!
Yeah, in retrospect I am lucky that my tenants haven't abused me in that area.
I originally did this because one of my properties has a shop on the land that I have retained access to and I didn't want to even have the discussion with my tenant that while welding may pull several KW while it is running, it isn't running 24/7.
I did notice an extra ice chest in my tenant's house while I was doing some repairs in there the other day... which explains some of the 20% jump in the electricity bill.
These people (many of them my fellow millennials) really are clueless. They complain about the greediness of landlords while failing to realize that the prices are so high because there's limited supply and high demand from them and their ilk. They really should be blaming their peers for being willing to pay these "exorbitant prices".
None of my tenants have EVER done anything that made me feel as though I was charging too little rent; mostly the complete opposite. Then when you have them voting for higher property taxes and utilities prices (due to their green energy initiatives) they get rent increases. I have lost several tenants due to having to increase rent from taxes and utilities (which I cover). I am sure they voted for it... coincidentally the property they vacated was not vacant for more than a week... guess rent wasn't too high for someone!
You cover utilities in your rentals? Can I rent from you?
I've always wanted to start a bitcoin farm but I don't wanna pay for the electricity!
Yeah, in retrospect I am lucky that my tenants haven't abused me in that area.
I originally did this because one of my properties has a shop on the land that I have retained access to and I didn't want to even have the discussion with my tenant that while welding may pull several KW while it is running, it isn't running 24/7.
I did notice an extra ice chest in my tenant's house while I was doing some repairs in there the other day... which explains some of the 20% jump in the electricity bill.