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Descant · 01-22-2022, 11:08 PM

Transparency is a word we hear a lot and mostly ignore. Let's be transparent here and state our position. In my case, I own a rental residence and I own a rental boat slip. It's hard to raise the rents on a residence because, if the tenant leaves, I may have to re-paint, replace carpet, advertise and have vacant times with no rent. The goal is to keep the tenant in place, right? In the case of a boat slip, there is no expense to turnover, except perhaps vacancy. There is a wait list of tenants who will, pay a higher rent, if that's the market. That's the way it is today. In some years, there is no wait list, and I get no rent at all, or I reduce the price to find a way to cover some, if not all of my expenses, mortgage, dues, taxes. In that case, I can't sell, no buyers, or the price is a loss if I sell. This is all pretty basic, but posters on this topic should indicate their perspective, not just a position from Economics 101.

01-22-2022, 11:08 PM	#21
Descant Senior Member Join Date: Mar 2006 Location: Merrimack and Welch Island Posts: 4,031 Thanks: 1,211 Thanked 1,511 Times in 983 Posts	Transparency Transparency is a word we hear a lot and mostly ignore. Let's be transparent here and state our position. In my case, I own a rental residence and I own a rental boat slip. It's hard to raise the rents on a residence because, if the tenant leaves, I may have to re-paint, replace carpet, advertise and have vacant times with no rent. The goal is to keep the tenant in place, right? In the case of a boat slip, there is no expense to turnover, except perhaps vacancy. There is a wait list of tenants who will, pay a higher rent, if that's the market. That's the way it is today. In some years, there is no wait list, and I get no rent at all, or I reduce the price to find a way to cover some, if not all of my expenses, mortgage, dues, taxes. In that case, I can't sell, no buyers, or the price is a loss if I sell. This is all pretty basic, but posters on this topic should indicate their perspective, not just a position from Economics 101.