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Re-Lease Me: A landlord's guide to lease renewals

Published August 29, 2013 (over 12 years ago) · Updated 3 months ago
Re-Lease Me: A landlord's guide to lease renewals
  • You haven’t paid regularly, or have lost your job, and I suspect that you will blow through your savings quickly. I don’t use guarantors, because my tenants tend to be older and more established. Plus, I feel that trying to collect from a guarantor is more trouble than it's worth. And if you don’t have a job and I have to sue you, it will show up on your credit, which many employers now check prior to making job offers, so it will be even harder for me to get paid. Bottom line: if you can’t afford to live in my building, please move before I have to evict you.
  • You are difficult to deal with. My house is not a hotel, and I’m not your servant. I’ve got a difficult job too, and if you aren’t prepared to deal with that, perhaps you should find a full-service building. Likewise, if you are a wise-ass and start spouting talk about lawyers and tenants’ rights, I’ll raise your rent so high that you’ll get the message. In my building, we’re a team, and if you don’t cooperate, I won’t either.
  • You aren’t taking care of the apartment, or are annoying to the other tenants. Basically, if you clomp around, make a mess that attracts vermin, create floods, don’t recycle, or play music loudly, you aren’t worth keeping around. I work really hard to curate my tenants and ensure that everyone gets along, and I don’t want one bad tenant driving out the other good ones.
Figuring out the right rent increase
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