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.