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re Landlords vs Tenants


Reply to: see below
Date: 2008-05-09, 8:32AM EDT


As a small landlord for 30 years, I can tell you that no law exists nationwide that says the rent must go up. I have tenants, including Section 8 people who have not had an increase in 10 years. We have a clause in the lease that says the rent "may" go up based on negotiation and circumstances.

To date, we have been absorbing the tax and utility increases for decades. Why? Until this subprime mess hit, the rental market in most of the country has bee horrible for landlords due to overbuilding. With the subprime business, the speculators are losing their buildings which has turned the rental market for the better for us remaining landlords.

If you have a complaint about renting...buy a house. Now's the time and plenty of counselors can tell you how to do it. A duplex or multi is best from a tax standpoint.



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