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elec2020 wrote:Lol. So landlords believe that tenants will just accept higher rents? The day my own do so i gone and find something else. I know many who ready to the same. Also. My landlord hasn't even touched rent but over the year they have 4 vacant spaces when they were never vacant previously. Previous places i have rented have also called me yo find if i want to come back or know someobe who wants to rent cause they have vacancies. Have some sense. Times hard and you think people will not adjust themselves to suit? Lol good luck with that higher rent
You just spelled out a cost increase of 3% per year for a rental property.Redman wrote:zoom rader wrote:Already told my tenants that support the red jack arse government that my rents are going up cause of their government .
They were not happy and told them my hands are tied from the red government
Predatory like the 1% you always bawling at.
ARV is about 5% of the valuation.
The tax is 3% of ARV.
So the tax is actually 3% of 5% of the value of the property
Therefore its a .0015% of the Value of the property.
Despite ALL the savvy you claim to have if YOUR business cannot absorb a .0015% increase in your cost... then:
a) Its poorly run.
b)You dont give a fck about your customers that paying you.
c)You are predatory and greedy-capitalizing on the situation.
Your true colors showing.
elec2020 wrote:Compare the situation with some of the malls in trinidad. The owners refused in some cases to budge with the rent amd what happened? Liquidation? It is similar to asking for a rent increase. You will lose tenants. So why do it? Some landlords i know already losing tenants. So why aggravate the situation. While i understand costs gone up. Isn't some money to meet the costs better than no money? But that is tnt mentality. I rather sell at a high price and get 0 sales than lower my price and get in some much needed dinero. And when they go buss is like but wait what happened here
elec2020 wrote:I not calling for a rent freeze mind u. I just stating why a rent hike mightn't be as profitable as some landlords feel. But your points are duly noted. As it stands most landlords would anyway have to wait till contract is to be renegotiated to do a hike. Also, while i am off course not a landlord at this point in time, if i have 8 spaces at lets say 4k a month (with amenities included) and at any point in time i have at least 5 always occupied idk how tntec, wasa and property tax will suddenly make me into such a sufferer that i need to raise rent by 500. In talking to some landlords they feel imo that they alone not supposed to feel a dip in revenue/profit at the end of the month during this covid period.
adnj wrote:You just spelled out a cost increase of 3% per year for a rental property.Redman wrote:zoom rader wrote:Already told my tenants that support the red jack arse government that my rents are going up cause of their government .
They were not happy and told them my hands are tied from the red government
Predatory like the 1% you always bawling at.
ARV is about 5% of the valuation.
The tax is 3% of ARV.
So the tax is actually 3% of 5% of the value of the property
Therefore its a .0015% of the Value of the property.
Despite ALL the savvy you claim to have if YOUR business cannot absorb a .0015% increase in your cost... then:
a) Its poorly run.
b)You dont give a fck about your customers that paying you.
c)You are predatory and greedy-capitalizing on the situation.
Your true colors showing.
Interestingly, the average property tax in the US is right around 1.1% of property value per year.
Redman wrote:Every business has to balance everything.
Having clients/renters/buyers has a value.
Do we lose more losing a client, or is it better to hold on and take price cuts on your product.
Land lords have to do the same.
elec2020 wrote:https://trinidadexpress.com/newsextra/movietowne-chaguanas-closes-permanently-derek-chin-explains-why/article_03c0bbf0-0be7-11eb-aa89-a704e0981b27.html
Chin claims that this was due to the covid and having a difficult landlord. Another event that shows why i said raising rents now will backfire
RedVEVO wrote:elec2020 wrote:https://trinidadexpress.com/newsextra/movietowne-chaguanas-closes-permanently-derek-chin-explains-why/article_03c0bbf0-0be7-11eb-aa89-a704e0981b27.html
Chin claims that this was due to the covid and having a difficult landlord. Another event that shows why i said raising rents now will backfire
Chin is also a Landlord so it's interesting to find out in due course what exactly is a "difficult" Landlord
He was denied expansion in the West so he moved to Guyana . He was born in Guyana
Again, the business atmosphere is gloomy since Mital International left and no one seems to understand why
Or do they ?
Who was the Landlord in those exciting times ?
nismotrinidappa wrote:No rent collected from march to present. But don't want to lose the tenant and they already closed another location so I am assuming my location will become head office... #eatlittlelivenextyear..
And on the flipside. I thinking about asking landlord to reduce rent.. but I think it not going to happen as they already feeling pressure from other tenants. Good news for me is I managed to reduce my ttec bill by 500 dollars through prudence
Dave wrote:Kudos to you. What did you do to reduce your electricity consumption?
timothymcdavid wrote:RedVEVO wrote:elec2020 wrote:https://trinidadexpress.com/newsextra/movietowne-chaguanas-closes-permanently-derek-chin-explains-why/article_03c0bbf0-0be7-11eb-aa89-a704e0981b27.html
Chin claims that this was due to the covid and having a difficult landlord. Another event that shows why i said raising rents now will backfire
Chin is also a Landlord so it's interesting to find out in due course what exactly is a "difficult" Landlord
He was denied expansion in the West so he moved to Guyana . He was born in Guyana
Again, the business atmosphere is gloomy since Mital International left and no one seems to understand why
Or do they ?
Who was the Landlord in those exciting times ?
Current govt of Guyana has some issues with how movietown in Guyana was constructed ... Trini's need to realize in these countries like Guyana and Suriname when the central govt changes it is a whole different ball game and more new considerations to be paid to do business.
88sins wrote:study to pay the rent for yuh hovel & stop looking for handouts
RedVEVO wrote:Tenants :
SAVE YOUR MONEY
Keep your cash for your family .
BUY FOOD & MEDICINE .
RedVEVO wrote:^^
Govt finding $$$ and supplies to send to SVG .
Meanwhile are they helping TT displaced workers ?
Ben_spanna wrote:RedVEVO wrote:^^
Govt finding $$$ and supplies to send to SVG .
Meanwhile are they helping TT displaced workers ?
OUR own T&T workers in the private sector still have not received any of the Covid relief funds!
The leaders of the USA have common sense.RedVEVO wrote:Ben_spanna wrote:RedVEVO wrote:^^
Govt finding $$$ and supplies to send to SVG .
Meanwhile are they helping TT displaced workers ?
OUR own T&T workers in the private sector still have not received any of the Covid relief funds!
Gov't claims that T&T have no facilities to help the T&T people - " We have NO money "
Yet ships of supplies and regiment going to SVG .
While T&T suffering with NO aid to T&T people.
Where is the stimulus $$$$ like in USA ?
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