Apartment Therapy is a lifestyle blog and publishing company focused on home design and decor.
Gina Vaynshteyn’s article “This is How Much the Average Rent Increases Per Year” —many times landlords make some changes to your rent amount that you won’t agree with. But what is reasonable to expect—and what can you do if a rent hike is unreasonable? I spoke with real estate professionals from across the country to get the answer. Here’s everything you need to know about rent increases.
Karen Kostiw was cited in this article: “The best way to communicate this is through a letter or email, so it’s all in writing. “If the tenant feels the landlord is raising the rent too high, write the landlord a letter in an effort to negotiate the rental rate down by sharing current market and comparable data,” says Karen Kostiw at Warburg Realty in New York City. In that letter, you should add the part about why you’ve been an awesome tenant, emphasizing the costs of finding a new tenant.”
