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APRIL 2018 POLL: How often do you review/raise your tenant rates?

Sue_CSue_C NADaily Operations Certified, Advanced Operations Certified, Administrator Certified ✭✭✭✭✭
edited April 2018 in Miscellaneous Discussions
How often do you review/raise your tenant rates?

APRIL 2018 POLL: How often do you review/raise your tenant rates? 23 votes

Monthly
4% 1 vote
Every 3 months
0% 0 votes
Every 6 months
8% 2 votes
Every 9 months
8% 2 votes
Once a year
65% 15 votes
Never
13% 3 votes

Comments

  • OrkoceanOrkocean CARegistered User, Daily Operations Certified, Advanced Operations Certified, Administrator Certified, myHub Certified ✭✭✭✭✭
    Chose 9 months but honestly it varies based on demand/fullness. It could be anywhere from 6 months to 1 year for us.
  • skinmanskinman KSRegistered User, Daily Operations Certified, Advanced Operations Certified, Administrator Certified, myHub Certified ✭✭✭✭✭
    Usually once per year for existing customers..now street rates.... as often as necessary
  • i43storagei43storage WIRegistered User, Daily Operations Certified, Advanced Operations Certified, Administrator Certified, myHub Certified ✭✭✭✭✭
    I just received a nasty letter from a tenant who has been renting from me for 12 years and paying the same rent all that time.  She was upset that I raised her rent by $5.  Really?
    Jean Marie
    I-43 Storage
  • OrkoceanOrkocean CARegistered User, Daily Operations Certified, Advanced Operations Certified, Administrator Certified, myHub Certified ✭✭✭✭✭
    12 years and you raised her $5?!?!? You animal!!! lol.. $5 increases were typically only for 5x5's or people who were currently already paying more than the standard rent someone new would pay just to keep them in the habit of receiving regular increases. If I had someone who I saw without an increase in 12 years if they were under the normal price i'd raise them to the current price or a $50 max if they were drastically under it then hit them again in another 6 months. 
  • i43storagei43storage WIRegistered User, Daily Operations Certified, Advanced Operations Certified, Administrator Certified, myHub Certified ✭✭✭✭✭
    I was pretty tempted to say to her, "If you believe I have treated you unfairly, by all means, do what is best for you and feel free to move out."  B)
    Jean Marie
    I-43 Storage
  • Sue_CSue_C NADaily Operations Certified, Advanced Operations Certified, Administrator Certified ✭✭✭✭✭
    Thanks to everyone who voted in our April Poll regarding raising rates. Looks like Once a Year is the overwhelming favorite!

    Stay tuned for our May Poll to be posted soon!
This discussion has been closed.