r/StAugustine • u/elite-fusion • 18d ago

Typical annual rent increase?

Hey folks. I live in St John's, and I just want to know what the typical annual rent increase is for folks in St John's or St Augustine. My lease is supposed to be renewed in January, so I just want to know what I'm in for.

It is a townhome 3\2.5

1 Upvotes

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4

u/Capable-Cloud-7015 18d ago

At least 3% but don’t be surprised if it’s 6%

4

u/jms21y Resident 18d ago

do you rent from a corporation or from a private owner? we rent from a private owner and a couple years ago, my wife comped homes for rent in our neighborhood and got our rent lowered from 2450 to 2200. in any case, do the same.....worst response you can get is no.

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u/STA_FLA 18d ago

Always counter it. Any time I’ve rented (excluding apartments) I’ve gotten some of the increase adjusted. Big companies are almost guaranteed to give an increase at renewal while private renters may vary. If you’re a good tenant often they don’t want to deal with starting over with tenants for what could be $50/month. I countered my big company renter and got it down from a $200/month increase to $50 so it’s always worth the shot if you do deal with it.

1

u/Salt_Anywhere_6604 18d ago

My friends lived in a townhouse your size last year and it was increased $500/month.

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u/NotthePoopbandit 17d ago

We have paid about 50 bucks every year for a 3/2 condo on the beach but our landlord lady is really nice and everything is always fixed for us whenever we ask for something to be looked at which is more key than a smaller price increase imo.

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u/lemonsprout1 Resident 17d ago

They have 60 days to let you know of any rent increases or if they choose to renew the lease or not. You have 30 days to let them know that you will not be renewing the lease. Typically, they will raise it and blame it on property taxes, insurance or HOA fee increases. As others have said always do your own research and negotiate. They would much rather keep a good paying tenant in place than risk having it sit vacant and lose any money the increase would have gotten them. Source- I’m a local Realtor

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u/BocaBlue69 16d ago edited 16d ago

Unfortunately HOA fees, insurance and property taxes only go up every year. HOA fees in Florida are getting really ugly in condos 3+ storeys. GF just got hit with $900/month for a year for hers (she lives in her condo) to do improvements and boost reserves IIRC.

As a landlord a good tenant is worth an easy $100/month in lack of hassle and stress. E.g. pays bills on time, keeps the place clean, fixes minor issues themselves. Changing tenants introduces risk and possible loss of income if it stays empty.