Yeah, measuring anything is hard, and then Goodhart's law kicks in.
I have a rental income and, for the same reason, hardly ever raise rent. When a tenant moves out, I raise it for the next one.
Could you talk me through it on your side? Are renters hard to get, so when you get a good one you want to be maximally nice? I have a friend who has a lot of rental properties, and his motivation is a combo of what I said + pity. He's been taking a loss for more than a decade on one place, but the renter is nice and has few options; and the place is gaining equity, so he can be philosophical about it.
Yeah, measuring anything is hard, and then Goodhart's law kicks in.
Could you talk me through it on your side? Are renters hard to get, so when you get a good one you want to be maximally nice? I have a friend who has a lot of rental properties, and his motivation is a combo of what I said + pity. He's been taking a loss for more than a decade on one place, but the renter is nice and has few options; and the place is gaining equity, so he can be philosophical about it.