The reason rents are raised it’s usually because as a landlord I have to recover my expenses. However, these tips may help renters control rent increases.
Paint, Decorate, Clean
When I rented from Sherman Apartments in Los Angeles I was there for thirteen years. The manager was so impressed with my decorative and maintenance efforts, that he replaced my carpet, curtains, remodeled the kitchen and the bathroom, but did not raise my rent.
As a landlord, I like when tenants keep their places clean and when they make it their own. My wife and I have supervised tenants making improvements such as: landscaping, painting their apartments, simple maintenance and planting flowers in the front of the building. These improvements lower our operational cost. Since it kept our cost low they avoided getting yearly increases.
A tenant who rented a house from us for twenty years: painted the outside, put in a fountain, refinished the hardwood floors, built a fence and modernized the kitchen. In those twenty years we only raise his rent three times. He left the house in such great condition, we were able to rent it within a month at a 70% increase in rent.
Pay Your Rent On Time
The worst case for a tenant is to always be late with the rent. As a landlord, I also have bills to pay on a timely basis and I’m counting on a certain cash flow to meet my obligations. Because we have to wait for their money, even though we charge a late fee, it creates havoc on our cash flow. The tenants that pay their rent on time, we are hesitate to raise their rent. No landlord wants to lose a great tenant over a few extra dollars.
If you are going to be late with your rent, let the landlord know immediately
Situations happen. When we have to call a tenant to find out what happen to the rent and get a story about their money crisis, we usually tell them they should have called us when it happened. People get laid off, cars breaks down, unexpected expenses, but let the landlord know. Don’t try to hide it. Landlords hate calling renters for their money. This action may give a landlord a reason to increase your rent.
We have worked with tenants through extremely difficult times. It’s good business for us to keep a paying tenant in the building. However, we remind any tenant that falls behind we are not their bank. This is not a loan.
Pay your Rent first
Tenants make the mistake of taking care of their cable bills, car payments, telephone, credit cards, and leave the landlord waiting. Prioritize your bills where your rental home is the first bill paid. Landlords are appreciative when they are your top priority.
By following these steps it could help in keeping your rent down and assist in creating a great relationship with your landlord.