My rental property increased in value so the taxes went up, because the value went up it now costs more to insure the property. Also because the value of the property increased the HOA increased. I did some math and passed the difference onto my tenant. I showed him the numbers and told him it is what it is, I'm not making anymore money. The problem is some landlords will add a few numbers so they can make more.
m3ssinaround t1_je2h878 wrote
Reply to Tenants Fight Back As Rents Soar In Jersey City And Hoboken by mad_dog_94
My rental property increased in value so the taxes went up, because the value went up it now costs more to insure the property. Also because the value of the property increased the HOA increased. I did some math and passed the difference onto my tenant. I showed him the numbers and told him it is what it is, I'm not making anymore money. The problem is some landlords will add a few numbers so they can make more.