How Much Rent?
DawnSmith
10 years ago
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Comments (22)
patty_cakes
10 years agoemma
10 years agoRelated Discussions
Rent increase: how much notice do you give/get?
Comments (4)I have been a landlord for just over a year now. I have not raised the rent from what the other owner charged. I have thought about, but I live in my building and I'm not in it for a big profit just looking to have a nice place to live thats not going to cost me alot over the long haul. If I did I would have many good reasons for doing so. Since I bought the place I have been working to fix it up. I have establised a nice lawn, improved the electrical and plumbing. installed a new more reliable heating system, painted outside and more. plus the proberty taxes have gone up as well as the cost of natural gas for heating both which are costs the rent for any property has to cover. If I were to raise the rent I would be justified because the cost of running the place has gone up and I have made improvements to make it a nicer more livable place, so that its worth more....See MoreHow much should labor be on replacing a condenser?
Comments (47)HAVAC, Plumbing, Electrician, when you guys charge 250 an hr for labor it is a ripoff. A machine company charges same for a $million dollar machine running a half million dollar part and I can buy everything in your truck with the cost of any number of tools in my tool box and some that fit on the machine, for instance a 90deg head on this gantry mill I run cost $40,000. Just one tool of one machine that is used every now and then. And REAL easy to crash. A decimal point in wrong place can cost $400,000. I worked for Lockeed, Rockwell automation, some oil companies 29 yrs..... But my brother owns an air conditioning company. My brother is a joke with a high price!...See MoreIs $60/hr too much for contractor?
Comments (32)OK, so here's what I think I'd do. You feel some obligation toward him because he's done some things around the house. Also he got these cabs for you for free. Great. Give them a discount on their rent for a couple of months or even one month's free rent if you feel that's waranted. If she's been living there for 10 years, I wonder (and you don't have to answer these questions to us, just food for thought): how many times have you raised her rent? How much is she paying now, compared to 10 years ago? How much rent could you ask of a new tennant taking into consideration current rental prices in today's market? The reason I ask these questions is because IME as a renter, the rent I was paying after years of living somewhere was inevitably lower than current market. The kitchen is in bad condition and you are going to have to fix it up anyway and here is a loyal tennant who is willing to have the work done while she is living there. All this adds up and makes sense. So... go about it the right way. Get professional independent contractors in there to give you estimates. Get material prices yourself and find out what is a REASONABLE price to do the work. In point of fact, $11K might be reasonable. But even if that is the case I still agree that the tennant should not be doing the work. It might turn out ok but what a huge risk! To sum it up, here's what I see: Your tennant wants the kitchen in great shape for her wedding. She's done a lot of legwork regarding materials and her fianchas snagged some free cabs for you and wants to do the work for $4800 + materials which all adds up to >$11K. So now it's time to do your homework. You need to go shopping and pick the materials that you want, based on the fact that it's a rental. Keep in mind that she picked out materials based on the fact that she lives there AND that she's not paying for them. That's not to say that she picked out the most expensive stuff or that she's trying to rip you off. Just that your perspectives are different and that you need to protect your interests. If you were going to remodel the kitchen when she moved out, you'd still have to do this research. Don't let her convince you that she's saving you all the work. $11K is a LOT of money! I would not spend that kind of money without doing my own homework. If she really wants the kitchen redone before her wedding, she's not going to get too caught up in the fact that her fiancé isn't doing the job. They might be disappointed, but business is business and it most likely isn't the first job or last that he doesn't get. If they get upset or angry with the fact that you don't want them to do it, that in itself might say a whole lot!...See MoreGranddaughter's Apartment Rent
Comments (20)Here is some information from my link, above: **Texas does not have a state statute on the amount of notice the landlord must provide tenants in order to increase the rent or change other terms of a month-to-month rental agreement. Unless your rental agreement specifies otherwise, the landlord must typically provide the same amount of notice to change the rent or another term of the tenancy as state law requires the landlord to provide when ending the tenancy—in this case, one month. The landlord and tenant may agree in writing to different notice periods, or none at all. Keep in mind that if you have a long-term lease, the landlord may not increase the rent until the lease ends and a new tenancy begins—unless the lease itself provides for an increase.** I can if you wish find the actual statutes, or your daughter's attorney can do that for y'all. They are easily accessible. Ordinarily, the lease itself will have information about the end of the lease and subsequent tenancy. Your daughter should have a copy of the lease. Read it. I will be glad to read it as well if it might help. Texas divorce calls for a fair and equitable distribution of community property at divorce, she should talk to her divorce attorney about possibly including part of the rent in the lists of assets and debits used to figure what a fair and equitable split is, keeping in mind the many rules about his,hers and ours in a community property state....See Moremike_kaiser_gw
10 years agoAcadiafun
10 years agochristopherh
10 years agoDawnSmith
10 years agomike_kaiser_gw
10 years agoemma
10 years agochristopherh
10 years agoraee_gw zone 5b-6a Ohio
10 years agochristopherh
10 years agosherwoodva
10 years agoDawnSmith
10 years agoElmer J Fudd
10 years agoDawnSmith
10 years agoraee_gw zone 5b-6a Ohio
10 years agoDawnSmith
10 years agoAcadiafun
10 years agoemma
10 years agojoyfulguy
10 years agosherwoodva
10 years ago
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