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 about rent issues, increase rent

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mtsen
post Mar 28 2009, 05:22 PM

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Joined: Nov 2005


raise rental is ok

but not the way you do it,

what you should do is to reflect your desired collection amount and then spread it out in a contract, for example a 3 years contract, you want to collect

$12,420.00
$12,854.70
$13,304.61

on 4th to 6th year. total is $38,579.31

so you want to collect $12,859.77 a year or $1,072 a month instead of the normal $1,000

hope this helps

 

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