Me again. Long term renters (8 years in this house). Lease is up for renewal in July. Landlord likes to use Zillow Zestimates for price negotiations. She is absolutely unwilling to work with a realtor and get accurate market comps.
We are under market value, but have been doing multi year leases (3 yr/3yr/2yr) up to this point. Rental rates have been like this ($3250/3300/3700).
Home is a detached Jasmine condo in Cypress Village. Plan 2. 1907sq ft.
Current Zestimate is $4500. I will walk at that price. There is NO way I will entertain a renewal at a 20% increase, but she is gonna lead with the Zestimate, so I need to know what is considered a REASONABLE rate increase in our situation. We won't sign another multi year lease. What's reasonable? 5%? 10%? We are exceptional renters, have a record of outstanding care to the home and the home quite literally still looks brand new. I am a bit OCD about keeping a clean house. The carpets even still look new.
We will be in the market to buy within the next year. Not sooner than August though, so we are either renewing or moving to a larger home if she goes too high. We are wiling to pay up to $5000 for a rental, but not this particular home. We have outgrown it, although we will suck it up for another year rather than potentially needing to move twice within a year. The cost of moving is not part of the equation. We get a paid for move to anywhere of our choosing as a parting gift from the military after 24 years of active duty service.
We are under market value, but have been doing multi year leases (3 yr/3yr/2yr) up to this point. Rental rates have been like this ($3250/3300/3700).
Home is a detached Jasmine condo in Cypress Village. Plan 2. 1907sq ft.
Current Zestimate is $4500. I will walk at that price. There is NO way I will entertain a renewal at a 20% increase, but she is gonna lead with the Zestimate, so I need to know what is considered a REASONABLE rate increase in our situation. We won't sign another multi year lease. What's reasonable? 5%? 10%? We are exceptional renters, have a record of outstanding care to the home and the home quite literally still looks brand new. I am a bit OCD about keeping a clean house. The carpets even still look new.
We will be in the market to buy within the next year. Not sooner than August though, so we are either renewing or moving to a larger home if she goes too high. We are wiling to pay up to $5000 for a rental, but not this particular home. We have outgrown it, although we will suck it up for another year rather than potentially needing to move twice within a year. The cost of moving is not part of the equation. We get a paid for move to anywhere of our choosing as a parting gift from the military after 24 years of active duty service.