Thanks for the Rent Hike!
Thanks for the Rent Hike!
By Bernard Hale Zick
There is a real art to property management. I met a student who tells his tenants they can have new carpet for $50 per month increase in rent. If the carpet lasts three years, this landlord figures his profit at 40 percent.
Jimmy Napier once said he charged a $25 rent increase for attic insulation…all voluntary. If it works for him in Florida, it has to be a better idea in Connecticut. I’ll bet the local power and light company could even supply you with figures on how much a tenant could save on heating bills.
While thinking on this, I remembered a…
