Very important topic and one that I grapple with on a daily basis.
renters don’t plan for tomorrow, they live hand to mouth, pay cheque to pay cheque.
if a investor owns a property they cancharge whatever they want to rent it out, it’s their property. If the market commands a price, well the renter either pays up or goes somewhere else.
seems to be more and more people who live hand to mouth hence more demand on rental properties, I say for landlords hit them where it hurts, as hard as you can on rent. Dry up their drinking and smoking money. Why not maximise the return on your investment.. landlords don’t buy houses to provide cut price accomodation to others.
I had a renter once who complained about any leaky tap, I went over the fix and the renter was sitting on his arse, beer in hand and had a few friends over. They asked who was fixing the tap, the renter said ahh some bloke I called in to fix.. he acted like he owned the house.. hearing that, then I hit him with a rent increase to show him who’s boss