“Renters who originally received pandemic pricing are now experiencing steep rent increases at renewal – sometimes upward of 40%,” Openigloo CEO Allia Mohamed says. “I’m amazed this is legal.”
You can also ask your landlord about their preferences.
If you're able to, Crawford said, your landlord may respond well to an offer to pay a few months of rent up front. "Many property managers or owners would be thrilled to not have to worry about chasing late rent payments," she noted."If your property manager or owner senses your desperation, you won't have a solid stance to negotiate," Crawford said.If your landlord won't budge on rent, there are other things you could ask for, Mohamed said.
Some property managers, she added, may also be open to delaying the hike. For instance, they may allow you to pay half of the increase in the first six months and then make up the rest in the next six months.As unhappy as you might be with your increased rent, moving may not lead to lower costs, said, vice president and deputy chief economist at RealPage. In fact, he said, renewal rent increases have grown at only one-third the rate of new leases thus far in 2021.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
40 Places To Celebrate ThanksgivingHotels from Atlanta to Anguilla are roasting plump turkeys and baking up delectable pumpkin pies to help you mark the holiday.
Read more »
L.A. Councilwoman Nithya Raman could lose 40% of her district under new redistricting planUnder the latest proposal, Raman’s district would lose such areas as Hancock Park, Miracle Mile and Park La Brea. But she would take on parts of Encino, Reseda and Studio City.
Read more »
40 Places To Celebrate ThanksgivingHotels from Atlanta to Anguilla are roasting plump turkeys and baking up delectable pumpkin pies to help you mark the holiday.
Read more »
Mamma Mia! ABBA’s new album after 40 years shows some people just don’t want to retireThe band is also releasing a virtual concert next year
Read more »
Remains found in Colorado national park believed to be those of a German man who went missing nearly 40 years agoHuman remains found in Rocky Mountain National Park in Colorado are believed to belong to a 27-year-old West German man who went missing 38 years ago during a ski trip, authorities said
Read more »
'Gimme! Gimme! Gimme!': ABBA return with new album after 40 yearsAfter years of speculation and several dropped hints, the group finally announced a reunion and new album in September, and released the singles 'I still have faith in you' and 'Don't shut me down'.
Read more »