Real-life MMD: Should I up the rent and risk losing a great tenant?
in Money Saving Polls
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Money Moral Dilemma: Should I up the rent and risk losing a great tenant?
I’ve had the same tenant for ten years and haven't increased the rent once, but I’ve recently learned the house next door is rented for £250 a month more, in pretty much the same condition. My tenant works in a low paid (but, to my mind, valuable) job and doesn't have much money and so wouldn't be able to afford this kind of rise. Do I continue getting way below market value or carry on giving an essential worker and nice person a break?
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