Originally posted by Glen
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Originally posted by Glen View PostI don't understand this pack mentality of increasing rents just because others are doing it?
Nobody ever talks of decreasing rents?
I adjust my rents because I compare what is on the market at the time. Adjusting could mean downwards. The market decides this really.
I don't really care what others are doing just because they've listened to some spotty faced news reporter or property manager saying that rents need to increase because of one thing or the other.
There are many things that dictate what your IPs' rent capacity is, and a governments budget isn't up there!
At the end of the day you will adjust the rent so the property is let, because theres no use in asking for $400pw (because the news said rents will be increasing by 10%??)when you're only ever going to get $360 tops!
Cant think of any other way to make it simpler.
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