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Old 07-27-2013, 12:55 PM
 
155 posts, read 267,064 times
Reputation: 34

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We currently live in a 1 bed 1 bath apartment. (Unable to find a home.)

The apartment rent is $840 per month in the City of Plano.

The apartment is well managed, clean and secure.

Is there a maximum % or $ increase per lease period that apartment management can go up on rent?

Any State of Texas laws on rental increases?

Does anyone know what the projected increases in rent will be in the Plano / Allen areas?

Thanks for your input.
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Old 07-27-2013, 06:44 PM
 
Location: Prosper
6,268 posts, read 12,122,402 times
Reputation: 9325
No, there is no maximum increase they can charge, Texas has no rent control laws. A property owner can charge whatever they want, though to keep tenants they need to be in line with the overall rental market.
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Old 07-27-2013, 09:02 PM
 
Location: San Antonio. Tx 78209
2,651 posts, read 6,362,569 times
Reputation: 1734
Texas is a fully capitalistic free market economy. The Dallas area has seen a huge influx of new residents, as such you can increase the amount if rent charged to what ever the market will allow.
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Old 07-27-2013, 11:25 PM
 
Location: Anytown, USA
681 posts, read 1,333,994 times
Reputation: 376
My rent was going to be increased $100 for 2014, I complained about it and got them to drop it $25. So overall, a $75 increase from last year.
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Old 07-28-2013, 04:23 PM
 
Location: Dallas, TX
754 posts, read 1,231,612 times
Reputation: 879
Quote:
Originally Posted by Mr. Chad View Post
My rent was going to be increased $100 for 2014, I complained about it and got them to drop it $25. So overall, a $75 increase from last year.

About $100 a year increase has been the norm for our Carrollton apartment. It sucks.
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Old 07-28-2013, 04:40 PM
 
Location: Blah
4,153 posts, read 7,652,932 times
Reputation: 3053
Apartments in Midland used to run $350-450...those same apartments are running $1400-1800 now.
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Old 07-29-2013, 09:01 AM
 
66 posts, read 101,160 times
Reputation: 82
You can try negotiating, but I think rents have been increasing in general.
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Old 07-29-2013, 06:37 PM
 
Location: Anytown, USA
681 posts, read 1,333,994 times
Reputation: 376
or try to save up to become a homeowner asap..

I've been renting for 2-3 years now...Paying $1500+/mo for a small 1 bedroom apartment. Renting sucks!
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Old 08-02-2013, 08:42 AM
 
Location: Dallas, TX and wherever planes fly
1,408 posts, read 2,223,926 times
Reputation: 1228
That is not okay at all.
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Old 08-02-2013, 11:41 AM
 
2,206 posts, read 3,795,929 times
Reputation: 2073
Quote:
Originally Posted by crankywithakeyboard View Post
About $100 a year increase has been the norm for our Carrollton apartment. It sucks.
Yeah, well, it sucked to be a owner of rentals from 2008 to last year.

It also sucks when the renters trash the place requiring $5000 of repairs. Or need to be evicted.

It also sucks when property taxes go up and rent goes down.
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