(08-19-2024, 10:58 AM)HURRICANE!!! Wrote:

(08-19-2024, 10:53 AM)StroudCrowd1 Wrote: As a landlord, if you capped my rent increase amount on renewal,  I simply wouldn't renew.  Tenant would need to go back through the application process and reapply at the new market rate. 

Stop letting the government be your daddy.

As a landlord, I don't disagree (since the pendulum can swing the other way - reference 2009-2012) but have offered lower than market value terms to existing tenants.

That is a cost benefit analysis you've personally made for yourself.  You've found a good tenant.  It's a hassle for you to potentially risk months long vacancies finding a new, qualified, good tenant.  Rather than deal with that hassle, you give your existing good tenant a discount over current market rate rent to keep them happy and keep your life a little more stress free.  This is not an example of keeping prices artificially low across the board being a good thing.

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