Landlords — Assuming tenants who are good, respectful, pay their rent on time, etc. etc., would you rather have renters who stay many years, say 10 to 20, or would you prefer some moderate turnover?


Comments

  1. Thanks, twocats, for your reassuring remark.

    What would be a reasonable extra pet deposit amount? Let’s say, for example, we found an apt. for $2500, and were paying first, last, plus security.

    Also, how would you (or anyone here) recommend dealing with brokers on this issue? I sort of see brokers as barriers to entry, screening out every possible negative factor. I have friends who just rented an apartment in Bay Ridge and the broker asked for all kinds of financial documents — understandable — plus current landlord recommendation letter plus other rec. letters.

    Deal with brokers the same way we would if we were talking directly with owner?

  2. You can also offer an extra pet deposit – basically more security deposit, in case your pets cause damage. Also, as a landlord, I always feel better when people understand that certain things might be tricky issues, and present them as such, rather than assuming it will be ok. Which is just to say that you are approaching the dog issue with the right attitude…

  3. It depends. If you have a mid-size, large building with no turnover, from a management point of view – it means the rents are maybe “too low.” If you are a private owner with a private house, you have long-term tenants that you’re happy with and your bills are being comfortably paid, then leave it be. That doesn’t mean you should be shy about modest increases depending on your rising costs. Just don’t get greedy by pushing the market or you’ll end up with a vacant apt or tenants from hell.

  4. Here is another viewpoint fro a landlords side. my partner and i are landlords in Bed Stuy who own a brownstone and live on the first two floors. We have two floors of rentals. We are working on the house and have had the most wonderful luck with our tenants. The top floor tenants have a small dog and she is a really well behaved small dog that gets along well with our cats.

    Our tenants do not mind the fact that there is construction going on on the ground floor so we keep the rent a bit low. We hoped that that everyone would stay forever, unfortunately the thrid floor tenant, a doctor is moving to a new hospital in new jersey. Long term tenants, the right ones are the best. Ours have become friends and we love them.

  5. Thanks for responding about the lovely-sounding PH apartment. I lived in PH the first time I was a renter! But I am not ready to move yet — just thinking ahead. It will likely be several months before we can actually move.

    Thanks again.

  6. cpchkp –

    I have a 3.5 room duplex apartment in Prospect Heights currently on the market and we are willing to consider dogs. We’re in a location that’s great for dogs and kids, and there are lots of kids (and dogs) on the block. We’re asking $3750. The place has a private entrance with stroller parking, a brand-new washer dryer and dishwasher, and other dog- and family-friendly amenities. Email me if you’re interested. jenabrams [at] mindspring.com.

  7. “What about letters of recommendation from previous LLs? Or others? Are these of real value?” – Posted by: cpchkp at May 11, 2009 12:44 PM –

    They don’t hurt. But again, you will develop a relationship, good bad or indifferent, with your new landlord which will be the real measure of worth and value.

    You might get along swimingly with your previos landlord but not the new one. One never knows. But of course, letter of rec don’t hurt.

    If I was in your position I’d find a place I liked, could see myself in for a while, and was comfortable with the dogs and such. Sign a lease, prove through actions that you are worth keeping for a long time (don’t say it though, nothing I hate more than a tenant that says “you’re raising my rent? but I’ve been a good tenant”, it’s like, no shit sherlock, you’re supposed to be good tenant).

    The thing that will keep you in a place for a long time will be developing that relationship with the landlord whereby you don’t want to leave and they don’t want you to. Like I said in a previous post, no one rents as a “long term tenant”, good tenants become long term over time.

  8. Christopher and others:

    I am so glad I posted the question. I will definitely play the whole thing a bit cool. And you’re right: one might want to find a long-term home, but you can never know how things will turn out. I have an example from my own past — we rented an apartment in a brownstone with a landlord who lived elsewhere. Then, he sold it and the new landlord moved into the house, and was a very present presence, as it were. Before, we called our place the “Happy House.” Afterward, not so much!

    Anyway, valuable observations that talk and promises are cheap, and what a LL actually sees will be the determining factor.

    What about letters of recommendation from previous LLs? Or others? Are these of real value?

1 2