Find out what steps you can take.... First: Why... Is My Rent Going UP Are landlords trying to increase their rental prices in order to match market rates , to pay for property maintenance or improvements, to accommodate tax increases, or simply to increase their profits. Like most industries, the rental market responds to economic trends creating conditions for owners to ask more or less for rent depending on their region. BUT WHY IS THE RENT GOING UP SO MUCH? It turns out, that most landlords do not regularly raise their rent to match the cost of owning and maintaining a property. What ends up happening is after 5 years at a steady rental rate, the owner will realize that a rent increase is necessary to keep up with increasing property taxes, maintenance, and market rates. Suddenly, after 5 years of affordable rent, you might see a sudden 10-25% increase. For a lot of renters, a 25% increase could price them out of their current rental pro...
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