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blade-runner9 t1_j5m78s5 wrote

That is a lot but we don’t know what the previous owner was charging. Some people never increase it especially the old timers.

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Fuzzy_Chance_3898 t1_j5sdc1x wrote

Yea. I had a landlord who never raised rent because , and I asked when I left. He never raised rents because the effort and cost took too long to overcome. A lot of times landlord's are short sighted. Because everything has to work, lipstick on a pig. That takes time, finding a new tenant takes time. Time is money. A new relationship brings risks. So if you have a client underpayment of 200 a month you risk a whole year profit just getting it empty and another year in profit putting lipstick on a pig. And if they are deadbeats it make take 6+ years, twice effort than if you were just a lazy cheap slumlord

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