Landlord will pull the rug from under you
Pros
Nice super, great garbage system, spacious apartment, great light.
Cons
Paid 5k realtor fee to move in, was told landlord “almost never raises rent”, following year- building manager calls two weeks before lease renewal informing of 1k monthly rent increase, calling it generous as they really want 1.5k more (despite no improvements to raise value of this old unit). Noisy street traffic, relentless honking/banging street sounds in morning, far laundry.
Advice to the owners
Maybe treat your tenants like humans, offering some notice of a massive/ unreasonable rent increase. We pleaded for a $300 increase, were respectful of the building, never caused issues and paid rent on time. Maybe not adding insult to injury by calling yourself generous for the abrupt 1k increase is a start.
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