Is there a good way to do this besides asking all my neighbors what they pay for their rental homes? I can't really look at rental listing because we know people often negotiate rent down from list prices.
We have been in the same rental home for 6 years. Signed 2 three year leases and our landlord priced the rental below market initially, but then only raised it by $50 at renewal 3 years ago. She now wants to raise it $400/month, a 12.5% increase. She is citing "Zillow Rent Zestimate" as her leveraging piece.
I know our neighbors in a similar home are only paying $3450. Our landlord wants us at $3700.
What is a reasonable compromise here? I know many of you are landlords. We have been amazingly good, low maintenance tenants, in my opinion. Never a late payment in 6 years and we expressed our desire to stay several more years. I feel like our landlord is taking advantage of the market right now.
We have been in the same rental home for 6 years. Signed 2 three year leases and our landlord priced the rental below market initially, but then only raised it by $50 at renewal 3 years ago. She now wants to raise it $400/month, a 12.5% increase. She is citing "Zillow Rent Zestimate" as her leveraging piece.
I know our neighbors in a similar home are only paying $3450. Our landlord wants us at $3700.
What is a reasonable compromise here? I know many of you are landlords. We have been amazingly good, low maintenance tenants, in my opinion. Never a late payment in 6 years and we expressed our desire to stay several more years. I feel like our landlord is taking advantage of the market right now.