What’s your point?
I had a tenant ask me to renew his lease a few days ago. I checked with the owner and the owner said that he was ok with another year renewal, but wanted to raise the rent from $1,850 per month to $1,900 per month. I called the tenant and relayed that information to him. He was upset that we were raising the rent. Then he said, “Listen, I know of two other condos in this complex that are identical to mine that just rented for $2,200 per month each!”
“Hmmmm”, I replied, “What exactly is your point?”
After a brief pause… he replied, “I guess I don’t have a point… I’m ok with $1,900 per month going forward.”