Quote:
Originally Posted by AC2717
Again normally I agree with you, but in my direct case, my rent has not increased in 9 years. Abnormality for sure, but I also know those that own that keep rent relatively stable with good tenants
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Right. Every time a tenant moves, there are fix up costs, advertising, no rent while vacant, etc. People don't want to move in December, so if a tenant moves out in November, you may lose 2-3 months rent. Or, as in today's market where few rentals are available, you may get somebody to move in quickly. This is all unpredictable, so you can't be a successful landlord if you don't have some reserves and some fiscal management skills.