Is it standard for a landlord to raise rent by $30 every year?

[lupi]

$30/yr doesn't sound like much.

 

[OverVolt]

Yes, $30 is the standard amount. You can offset it by giving the landlord a reacharound.

This would go in the book.

 

[NetWareHead]

Huh.....interesting.

Almost 8 years in this apartment (no, I wasn't expecting to be here this long), no rent increases at all.
I guess he's glad to have a consistent revenue stream that's on-time.

This is what I do for good tenants. Tenants that are not a pain in my ass, keep an eye on my property & alert me to problems in a timely manner, dont careless/wrecklessly damage it and pay the rent on time get rewarded by minimal if any rent increase when they renew. Ive had tenants have the same rent for years even if my taxes went up. Far better to make a little less profit each year in exchange for a good tenant. Just having a unit vacant for 2-3 months while I look for a new tenant can erase all profit for that year. IMO, a good tenant is worth their weight in gold and a scorned/spiteful tenant can make a landlord's life hell.

 

[CoPhotoGuy]

Rent is going up around here. We have been renting out a condo that we own for 2 years and just this next lease we raised the rent by $100.

 

[DaveSimmons]

Is it standard for a landlord to raise rent by $30 every year?

In the greater Seattle area, no. Mine is going up over $200/month this year, just like last year.

 

[Spineshank]

Was usually $100 when I lived in PA. I left one place after I saw that my rent was higher than someone moving into the same exact apartment.

 

[Rage187]

$30 extra a month is cheap.

 

[Sho'Nuff]

Is that standard practice?

3% year over year is common - to match the inflation that the government would have you believe is not occurring.

 

[Imported]

it differs from community to community here. Berkeley has very strict rent control but just on the northern border in Albany and El Cerrito, not so much. But still, I haven't seen rent raise like that.

In South Bay I think there is much less control. $200 per year doesn't seem that odd, but a 6 month lease, so $500/year, that is insane. Rent is absolutely nuts around here, but going up $1k in a matter of 2 years?

That doesn't seem normal at all, even for this area. Now, signing a new lease with new tenants, and rent going up 40% or 50% and more from what the previous tenant was paying...that is also normal.

Mine went up about $200 for the next year in the Peninsula/South Bay. Just gotta roll with it unfortunately.

I checked out my prior apartment.. up over $600 in the past year from what I was spending there.

 

[maddogchen]

Mine went up about $200 for the next year in the Peninsula/South Bay. Just gotta roll with it unfortunately.

I checked out my prior apartment.. up over $600 in the past year from what I was spending there.

Yeah, a lot of my friends who didn't buy a house back in 2008-2009 are kicking themselves as rents are going up like crazy.

 

[BurnItDwn]

Rent depends on lots of factors.

In normal areas, where there is no "rent control" to screw up the the market too much, rent tends to relate to house prices and property taxes.

$30 seems kinda low for most of the apartments I see around here (like $1500-2500 a month for small 1 or 2 bedroom places.)

But in cheaper areas, I suspect that the price increases are closer to around $15-20.

 

[Rage187]

my old lease was 3% rounded to the nearest $10. Downtown Reno 2003-2006.

 

[RaistlinZ]

Landlords probably figure it'll cost you more to pack up and find a new place to live than pay the additional $30.00/month.

 

[lxskllr]

My first apt lowered my rent. I sold the landlord a pickup, and took $50 a month off the rent for payment. Once he paid off the truck, he kept the rent at the reduced amount. other than that place, I was never anywhere else for more than two years, and the rent never got raised.

 

[Anonemous]

In the south bay area there is no rent control. 10% increases is the standard.

 

[IHateMyJob2004]

Yes, businesses raise praises to stay up with inflation.

 

[SparkyJJO]

Rented for 3 years, never had an increase. The guy only rented one or two properties though, wasn't some larger complex or anything.

Now I own so I don't care.