So no increase at all in the rent from 2019 and a small increase now and this is the attitude of the tenant?You state this property was rented since 2019 with no increase.
Depending exactly on the date the rent was last set I assume you raised it ca.12% from this December
What will it be like when you the tenant is in for 6 years or permanently - what will the attitude be like then. And don't think you can go to the RTB and get the tenant evicted for non-payment of the increase. They'll do everything to block that and make you look unreasonable based on the tiny amount involved.
Yes, weirdly I always enjoyed it as well, but I am getting out. As a non-risk taker there are just too many risks now especially when the Head of the Department of Housing said in last week's Housing Committee hearing that the purpose of the new legislation is to force landlords to sell with tenants in situ. No mention of course of how difficult that will be. Who'll buy? I'm sick of being treated like a mug.Presently as a nonrisk taker I prefer the rental returns. And,weirdly, I sort of enjoy letting. Keeps me occupied.