Checking in With the Rental Market


Hello all,

long time lurker, first time poster. My tenants (whom I have a good relationship with) asked for a rent decrease on a possible renewal (this is the end of their second year).

I’d call the apartment a small 3 or a 2+. It’s very nice for a rental and includes heat/water/DW/WD. We just put fancy new windows in as well. Apt is 2nd floor on 5th in north slope and goes for $2650.

I was planning on a $50 increase to deal with taxes+water increases.

I’m pretty confident that the market will bear $2700 in July but want a reality check.

Thoughts ?

Categories: Renters
By jhamburg | 05/05/2011 7:11 AM | Comment