I’m deciding whether to renew at the current rent or make a modest increase on a detached home in Los Angeles. The tenant pays about $3,872 on time, looks after the property and reports maintenance problems early. Comparable asking rents appear close to $4,122.
The $250 gap is tempting, but turnover could mean vacancy, refurbishment and deposit administration. How would you frame a fair review, comply with the local notice rules and preserve a good relationship?
The $250 gap is tempting, but turnover could mean vacancy, refurbishment and deposit administration. How would you frame a fair review, comply with the local notice rules and preserve a good relationship?