Property managers recommend big rent increases

submitted by Tiwaking from stuff.co.nz

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[–]Tiwaking[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Students are stuffed

Some landlords are being told to put up their rents 20 per cent or more by property managers who say bigger increases are needed now that rents can only be adjusted once a year.

One landlord said the recommendation for one of his properties was a 34 per cent increase. That was higher than he expected, or needed to cover his expenses.

After he objected, the property, which was vacant, was advertised with a 26 per cent higher rent for the new tenancy.

He thought it was too steep for the property, although it was warm, dry and healthy home compliant, and felt bad rents were so high for tenants.

[–]IkeConn 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Fuck landlords.