Landlords raising rent to market rates. Here's how to avoid it.

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[HeyGirlHey]

All of these raggedy apartments using " market rate, " as a reason to hike it up but the apts are trash. No serious changes, upgrades, no maintenance. There should be a law that raggedy apts can't partake in market rate if they were last built before 2012.

[ChillStreamsLive]

You can’t avoid it. Texas is fully on the side of landlords.

[annettajackson]

My apartment has put this in my lease, trash, water, and pest control 57 dollars. Lol the funny thing is trash is running over the trash containers.

[taylegacypeace-LADYSOUL]

There should be a cap on rental hikes This is illegal

[jbydlmdmIaw]

Do you think they will lower rent prices when the market dictates it? I don't think so. Market rates is just a cliché phrase now that doesn't make any sense what so ever. It just doesn't make any sense that rent in an apartment building 15 years or older should hike their prices up to where the newer apartment prices are just because they throw some fresh paint on the outside, and don't bother improving the insides. And they won't improve the insides of the apartments until the current tenant is out. It's a terrible thing they are doing and should be considered bad business practices.

[INDIGENOUS.SCHOLAR]

If that landlord/management company does renovations on an apartment, they can raise the rent substantially. However, if nothing has been done to your apartment, you have every right to fight that increase because nothing justifies the rent increase.

[jessicapicard]

Same is going on here in mass. Landlord except you to make 3 times the rent and a minimum credit score of 600. I've been homeless for 2 years while fighting cervical cancer and dealing with DCF after a domestic incident. Ive been on every housing list across Massachusetts since 2016.

[davidfitzgerald]

My daughter and I are now homeless. They raised my rent 10 percent recently. I’ve paid on time for 6 years. I have 1 month left. Not sure what I’m going to do.

[Swampertchamp]

We can't help our own citizens, but let's send billions to some random conflict in Europe

[VinceEnclaveJohnson]

You can always negotiate your rent. I’ve done it and saved like 600 off rent

[Dario]

Heres a solution vote out any politician who is increasing property taxes vote out politicians who is not building more homes to inflate the price and vote out politicians whos increasing taxes thats would be a start to getting rid of such ridiculous rent hikes shelter is a necessity and these people could careless if millions goes homeless

[metal]

Who are renting out these places when the rent goes up?

[oswaldfife]

They will gladly give you a few extra months at twice the monthly rate.

[charlesbaldwin]

These slum lords need to be put in jail.

[asterisk]

Not gonna lie, I have bought into several syndications, and they quarterly reports in the first year or so ALWAYS talk about bringing in "higher quality" tenants, i.e., tenants who can pay more.

And do the math: if you increase rent by 15%, that's worth taking a 13% decline in occupancy, even before you factor in that fewer tenants to deal with means less time (= money) spent on dealing with tenants. If you increase rent by 15%, then any occupancy decline of less than 13% is already money in the bank.

That's just the way those general partners roll.

[MobileGamingChronicles]

I told my therapist I don't want my rent to basically double in a year or two, she told me to worry about the now, not the future. Come on now, let's be realistic, my future is doomed, so let's get to it now, and let's be honest, I need to own a house as opposed to basically spending the same money on a 30 year mortgage on rent in like 15 years. 🤣🤣🤣

[Data_Science_Weekly]

You didn't mention her INCOME, that's very important to the conversation. If she works part time then ofcourse she won't be able to afford the increase.

[HillaryMarek]

It’s impossible to live an honest life and continue being a law abiding citizen in this city. Add crime and gun violence not to mention the rampant car jacking and auto theft, and you gotta wonder, are these key pieces being put into place so that we are unable to fight back, under funded, no resources, hungry, broke, afraid, vulnerable, and fed up? Historically looking at other countries where this has become the state of its citizens, the citizens fight back. And it doesn’t end well for anyone. So you got a wonder why our government here in the United States is supposed to be intelligent, diplomatic, for the people, by the people, of the people, why are they setting us up for this? And can any of us survive it? Something to ask yourself. I just know that I’m afraid of what comes next because, don’t have any solutions, and no one’s answering the questions.

[Mrs.Milkins]

By “fixing” you mean painting over cockroaches lmao

[deborahd.]

That's cheap compared to Connecticut.