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Lemonio t1_izmoal3 wrote

They want to be confident you’ll be able to pay multiple years in a row including with rent increases and your salary is relatively low What the other posters said

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Ecofolux2427 OP t1_izmp96q wrote

Landlords have expectations of their tenants staying beyond a year if they jack up the price?? Who's to say I don't get a raise or promotion to keep up with the landlord's greed?

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Lemonio t1_izmpfzz wrote

That’s possible but probably if they’re not super confident you’ll be able to make payments they’re confident they can get someone else

If you were a landlord why would you rent to someone who makes less than someone who makes more

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Ecofolux2427 OP t1_izmq9dv wrote

My point is, just because you make more, doesn't mean you have more. If you were a landlord, would you rather rent your $1,500 studio to someone making 3K a month with an 800 credit score and a net worth over 100K, or rent to someone making 5K a month with a 650 credit score with barely 5K in the bank and a $500+ a month car payment?

The reason I say this is because I have several friends who make 2-3x as much as I do, but they're terrible with their money.

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lukibunny t1_izmto2w wrote

issue is that there is just so many people trying to rent that they can easily find renters

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Wtf_is_this1234 t1_iznyq6o wrote

They'd happily reject both of you.

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Ecofolux2427 OP t1_izo1u10 wrote

lol so there are just SO MANY renters with high incomes and great credit scores??

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bostonhockey_80 t1_izoahr6 wrote

If they couldn't fill units with their rigid criteria - they wouldn't be so rigid. The market here is wild... Hope you can sort it out

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navymmw t1_izpc8vm wrote

You realize you’re in Boston right?

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Wtf_is_this1234 t1_iznymr9 wrote

Not worth the gamble to them. They'll find someone who consistently makes more.

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dropsofjupiter1031 t1_izmxft5 wrote

Dang. You might wanna buy that piece of property and practice what you believe! I WOULD.

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RealtorInMA t1_izoi2ip wrote

"Jack up" is relative, but yes. Landlords are looking for tenants who will be long term, stable, and keep up with market rent. Most landlords will raise the rent at least enough to keep up with inflation. By your own admission, you're not likely to be a long term tenant.

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dell828 t1_iznnqkb wrote

Nobody’s gonna jack up the price after a year to the point where you can’t pay it. If you’re a good tenant they’re going to want you to stay.

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Ecofolux2427 OP t1_izx9c0p wrote

I hear stories all the time of people's rent going up $300-600 just after a year.

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dell828 t1_izxf7at wrote

Of course. If a landlord has had an especially difficult tenant, they will jack the rent up to incentivize that person to move. On the other hand.. of you are a great tenant, the landlord will want you to stay. They may even keep the rent stable for you. There are very few landlords who jack up the rent out of greed alone. If you have a personal relationship with your landlord, and it isn’t some corporate management company, you have every expectation of being able to stay for years if you are a good tenant.

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