As a landlord, your job isn’t to make people happy. Granted, that is part of the equation, but you’re also in the business because it’s a good way to make money.
However, you can’t make money in a way that strikes your tenants as overly garish or greedy. One of the biggest mistakes you can make is charging unreasonable tenant fees. It erodes any trust your renters might have had in you, and it also makes them more likely to move out when their lease is up. Here are three ways to know if those fees you’re charging are reasonable.
Are they in line with other tenant fees in the area?
Renters know to brace themselves if the rent starts rising at other properties in their city. Once a few property manages start raising the rent, then it can reach the point where housing becomes all but unaffordable in certain … Read More