I just lost a tenant over a 2.4% rent increase driven solely by property taxes and insurance.
Some people would pizz at a free beer party.
You chose to be a property owner, your tenant didn’t and doesn’t feel that he has to carry your burden. Deal with it.
What I do not understand is why in one city of 30,000 it cost $1,000.00 or above for a 1-2 bedroom apartment with only water included, while 30 miles away and the same distance from Milwaukee one can get the same type of apartment for $700.00. Some of these high rents are for 20-30+ year old units that still have the same linoleum or tile floor that was present when it was built.
Maybe that just reflects your tenant’s personal financial squeeze (workers have generally been falling behind to inflation every month for years now) and they really need to move to a less expensive place. In that case, I hope that 2.4% was worth it to you.
Yea, my property taxes are ridiculous, a luxury car payment every month. Just this year alone our taxes increased by 140p dollars. I pray for a civil war so we can purge the crooks in government that are keeping us poor. Bastards!!!!