Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I left several apartments in NYC I liked just fine. Only one because of the apartment itself. The others were locations, changes in budget, relationships...no landlord ever asked me why I was leaving, and it would've been weird if they had.
There are tons of reasons why they are moving. One could be that they found a cheaper rental. When renting, people might rather save on monthly cost for an older but liveable unit rather than a completely updated one. Especially if in the same building. I know I would personally rather pay less for the same location. But that's me.
I have to agree with the others - there's a hundred reasons he could be moving that would have nothing to do with you, and without knowing anything else, it's impossible to answer your question.
If you're that worried, have the broker ask, but I'd let it go and assume that it was personal reasons.
Many thanks for all the level headed replies telling me to calm down. It's my first rental property, so I'm exhibiting all the classic signs of a first time parent. In some ways I feel like one! I'm hemming and hawing a bit too much to make sure I'm doing everything right, and turning a bit nutty in the process. Thanks for the dose of reality.
Quote:
Originally Posted by so954
How would you know he's staying in NYC? I'm sure he is familiar with the market and has looked into other places to go or looked for a roommate or wants to move to Brooklyn to save money.
a 1.5% increase is very fair and low. It would only be $45 more for a $3000 rent. No one would leave over such a small amount. The bed should not be such a big issue, all that happened is the headboard got disconnect from the frame.
As far as thousands for moving, it seems like the place is furnished so he would only have to move his personal possessions. Do tenants there have to pay for a broker, I thought the landlord paid for it.
I wouldn't worry about it, maybe he needs to move because his budget is stretched too thin, it's very expensive to live there. Just find another tenant.
Thanks very much to your reply, and for confirming that my increase was alright. I was worried that my increase was too much, despite being on the receiving end a few times.
I know he's staying in NYC because the broker mentioned it, equally confused as me. Tenant is from overseas, hence my musing that he's not familiar with the market. With NYC being a landlord's market, tenants usually pay a month's rent as a broker fee.
Many thanks for all the level headed replies telling me to calm down. It's my first rental property, so I'm exhibiting all the classic signs of a first time parent. In some ways I feel like one! I'm hemming and hawing a bit too much to make sure I'm doing everything right, and turning a bit nutty in the process. Thanks for the dose of reality.
Thanks very much to your reply, and for confirming that my increase was alright. I was worried that my increase was too much, despite being on the receiving end a few times.
I know he's staying in NYC because the broker mentioned it, equally confused as me. Tenant is from overseas, hence my musing that he's not familiar with the market. With NYC being a landlord's market, tenants usually pay a month's rent as a broker fee.
The tenant pays the broker himself or they pay you and you give the first menth to the broker?
1.5% is fair and low. I think it's what Social Security goes up a year. I think rent controlled apartments are even allowed to go a bit higher than that. Plus you offered zero increase for 2 years which was a great deal.
When I lived in NJ it was rent controlled and could only go up a small percentage each year, but it was at fair market value and it did go up each year, and it adds up.
Florida rents are starting to go up a little, but my frist place here did not go up for 2 years that i was there, then I moved to a small rental by the beach and it didn't go up for 3 years but I moved anyway. It's hard to find good tenants here and my former landlords appreciated me paying on time. The last place I was at was a fourplex, I was the tenant that was there the longest and I saw a lot of people come and go.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I'm hemming and hawing a bit too much to make sure I'm doing everything right, and turning a bit nutty in the process. Thanks for the dose of reality.
