Raising Rental

[meekiatah]

Hi folks

I have a pair of tenants renting my master bedroom for the past 3 years. Good tenants, seldom cook and never late in payment.

With the high COL now, I'm intending to raise their rental by couple of hundreds.

How best to bring up to them, can anyone advise...

 

[Kaylin]

how does the landlord bring it up to those restaurants?

 

[Vinda99]

AMS

Ai Mai Sua

Ppl waiting to rent

Landlord is King

 

[coyote]

Hi folks

I have a pair of tenants renting my master bedroom for the past 3 years. Good tenants, seldom cook and never late in payment.

With the high COL now, I'm intending to raise their rental by couple of hundreds.

How best to bring up to them, can anyone advise...

Rental is usually depending on market rate. Not suka suka you said high col then you can raise.

We do not know your current rental is high or low, so cannot comment whether your raise is "market rate".

As to how, you just tell them. The worse is, they will move to rent from your neighbors.

Good to be landlord right? No need to do anything(like forumners here said), just shake legs and raise rental.

 

[Joe Mahmood]

Most of the Office Buildings in CBD areas are not fully occupied and many vacant offices too

 

[BBClone]

With times like this, you might end up not having tenants at all.

Decide if that’s what you want to risk.

 

[herzberg]

Good tenants hard to come by, if can mai raise then mai raise

 

[Kunkka]

What I read is no incentive in being good tenants

 

[hctawsgs]

"COL has risen, I want to increase your rent by $xxx. If you buay song, FO."

 

[Ronaldo88]

Moi rather rent at reasonable rate than lose nice tenants..greedy owners..up 200..usually is 50

 

[meekiatah]

Rental is usually depending on market rate. Not suka suka you said high col then you can raise.
We do not know your current rental is high or low, so cannot comment whether your raise is "market rate".
As to how, you just tell them. The worse is, they will move to rent from your neighbors.
Good to be landlord right? No need to do anything(like forumners here said), just shake legs and raise rental.

People I've spoke to says my rental is below market rate ($1k with ac & wifi). In fact, I've been reluctant to raise their rental cos they have been good tenants.

 

[qhong61]

Hi folks

I have a pair of tenants renting my master bedroom for the past 3 years. Good tenants, seldom cook and never late in payment.

With the high COL now, I'm intending to raise their rental by couple of hundreds.

How best to bring up to them, can anyone advise...

Be prepared to lose them

 

[powerrr]

People I've spoke to says my rental is below market rate ($1k with ac & wifi). In fact, I've been reluctant to raise their rental cos they have been good tenants.

Master for couple with ac and wifi chao chao $1400. But if you suddenly raise a few hundreds they might chua tio and run. Better to raise incrementally - $150 first.

 

[coyote]

People I've spoke to says my rental is below market rate ($1k with ac & wifi). In fact, I've been reluctant to raise their rental cos they have been good tenants.

$1k is good. Some areas can be lower. Every landlords will think their rentals are below market rates like post #13 until they started renting the place out... The market will adjust itself.

 

[beano]

Just raise it to market rate if it's already not, if it's at market rate, you can just increase 10%, i think it's reasonable.

 

[marshalTan93]

Just tell them " you pay extra now or we can just do threesome."

 

[mikezuper]

Hi folks

I have a pair of tenants renting my master bedroom for the past 3 years. Good tenants, seldom cook and never late in payment.

With the high COL now, I'm intending to raise their rental by couple of hundreds.

How best to bring up to them, can anyone advise...

Tenant. Renew. Up or Out.

 

[khratit]

"That's how your tenants become my tenants"

One lao unker said

"I just offer them in between old price and new price"

 

[meekiatah]

Master for couple with ac and wifi chao chao $1400. But if you suddenly raise a few hundreds they might chua tio and run. Better to raise incrementally - $150 first.

Master for couple with ac and wifi, plus electricity/water inclusive at $1k.

At times, when we change furniture in the house, we will included theirs as well. Actually, I'm reluctant to raise their rental, but my SO is kpkb how my rental is below market rate lah, blah blah.. for the past year..

I'm only thinking about raising $200 only. $200 after 3 years, I think it's not too much that they will chuah tio..

 

[kendrick272]

People I've spoke to says my rental is below market rate ($1k with ac & wifi). In fact, I've been reluctant to raise their rental cos they have been good tenants.

ok 1k for masterbed with wifi and a/c is abit lower than market rate.

Where is the address? Near mrt/shopping malls? Give more inputs first.