Should Landlords Feel Guilty About Raising Rent Prices?

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[@TheRamseyShow]

Nix the guesswork and scrolling. We’ll connect you with investment pros we trust: bit.ly/3hc6Pgt

[@antoniogroothuis8390]

How many dislikes did this video get?

[@wretchedandexaltedpresents8924]

The caller does feel guilty which is what prompted the call. You don't have to raise rent to cover the "overhead" of this problem which you stated was good for you. Just be honest and admit you love profits over people if you agree the logic of Dave here.

[@emmonsdavid4069]

And again I say unto you, It is easier for a camel to go through the eye of a needle, than for a rich man to enter into the kingdom of God. Matthew 19:24

[@jesussaves4142]

As the landlord. Has your overhead expenses doubled? No! You are not qualified to answer this question. Get another person with reason and sensitivity.

[@4themusicman]

@@wretchedandexaltedpresents8924 Exactly. I've listened to Dave for years. I've read his multiple books. He is a bona fide scumbag and does great damage to the name of Jesus which he so desperately wants everyone to think he actually loves. Truth is, he loves money. Period.

[@Devinfrbs]

There's also the consideration that raising rents might make them move, then you get a worse tenant. A stable, paying tenant, is often worth more than the potential increase in cash flow.

[@pamelalima5401]

Sure

[@weedkanda6531]

Say it loudddd

[@austinreeves5221]

Not really. Good tenants usually have more money

[@joaoph9391]

Also, if you need 1 or 2 months to get a new tenant, it may not be worth a 15% increase

[@davinasquirrel7672]

@@austinreeves5221 No, that is rubbish. Good tenants have good attitude, not necessarily more money. And more money (think rich kid, who lives off Daddy's dime) does not necessarily respect anyone else's property. I treated every rental as if it was my own (ie no damaged, cleaned, tended garden). So much so, when last landlord wanted to raise the rent, the managing agents bent over backwards to try to get me into another property. Looked after the place, paid on time, I was gold. But broke due to a set of life circumstances that put me in the hole.

[@hollyb6885]

I feel the same as this caller. I don’t raise rent very often or by a lot unless my expenses go up. Others tell me I’m crazy for not raising the rent every year but I sleep better at night.

[@SD-ip2wb]

I’m a landlord and I don’t raise rents very often and not by much either but that’s because I want to keep the tenants happy. Not because I’m obliged to fund their lifestyle

[@Mister_Hassan]

Same here 💯

[@Sniffl3s-fl]

Your crazy and have lost value and efficiency each year

[@Sniffl3s-fl]

@@SD-ip2wb why would you feel the need to keep your tenants happy that’s such an off statement I doubt you own your own home🤣

[@Mister_Hassan]

@@Sniffl3s-fl i doubt you do

[@vanessagentner]

We rent a 3 bedroom 900 sq foot apartment for $925 per month, no utilities included in Athens, Ohio. Mind you, jobs here pay $9-$15 per hour. Rent is going up to $1300 per month. We can’t afford that even with two incomes. We have three children. Now we are at the mercy to find a place $1000 or less just so we aren’t eating beans and rice for every meal. It’s beyond ridiculous. College kids are renting four bedroom homes and have to pay $600-$800 just for a bedroom and shared living spaces. It makes no sense to me. People are buying houses left and right with a $600 mortgage and renting it out for $2400+ per month and making $1800+ in profit monthly. It’s disgusting

[@senecasantana3335]

$600 mortgage where at?? Everyone buying a house now has a mortgage of like $1300 or higher even if you put 20%. Only way you can have a mortgage of $600 is if you're buying a property under 100 thousand

[@marcusbutron3924]

Your numbers are way off. What mortgage is as cheap as you mentioned? I would like to know so I could buy it and get those same rents you mentioned. That’s just not reality.

[@marcusbutron3924]

And if that was the case why don’t you take advantage and buy a home? Live in it for a year rent that out and buy another? And continue to do that process for years? It’s available to those who work. Not McDonald’s but a real job that’s available here in America

[@richardm5540]

Rent is a joke out here in California. It’s too much for the average people. $2000 for a one bedroom apartment!

[@4G1O4]

I guarantee there are many jobs that pay over $15/hr there…

[@unknownbyman6288]

As a landlord, personally I do not feel the need to raise my rent if I am still making profits and the tenets are good. I rather leave profits on the table but keep a stable tenant that treats myself and the property with respect.

[@KiefEriksson]

You’re a rarity sir.

[@delfinadelmar6726]

Well said!!!👏

[@CrimeDoesNotPay]

That’s actually a really good point. As a future landlord, I appreciate this comment!

[@jennyhammond9261]

If you like your current tenants and your expenses haven't gone up much, don't touch it and keep the good tenants. If your property taxes, insurance, etc. have gone up, increase rent the bare minimum to cover that. If you're just raising it because everyone else is so why not make even more money, then I hope everyone moves out and you can't replace them!

[@TrollHunterxXx]

🙏🙏

[@paulaqueirosz]

You said it all. 👏

[@mluterancik]

Well said. Don't be greedy.

[@kellyjojean9819]

Right on

[@liltasha03]

I agree!

[@chillinebony]

Lol, George telling a renter, "I'll hand them the Ramsey resources" doesn't help at all when you're raising rent, ridiculous.

[@Jay-om8gr]

It’s insulting to the renter. These guys are completely out of touch

[@toeachitsown2050]

🤣🤣🤣🤣

[@greenearthblueskies8556]

I see why church attendance has went down over the years. Its not a lifestyle, it’s been reduced to a hustle.

[@d.martinez-rodriguez333]

...that and the pastors are getting tax free wealth from the tithes and not helping the people who need help. I stopped going years ago, but still tithe...to people who need the help and all them its from a God who has not forgotten them. I do not want any glory.

[@cozetteoconnor1289]

Read the New Testament. One man pastor is not biblical. Tithes should not go toward church buildings because we NO LONGER have a physical ‘temple’ WE are the temple of the Holy Spirit! Our bodies! Each should use their gift of the Holy Spirit. Not sit quietly in a pew for an hour. And call it ‘church’. Church is the body of Christ. Loving one another is hard. But through Christ He will help us. The Bible says they will know we are followers of Christ if we love one another. Gather in a park, a house, a car, someone’s backyard, a garage etc no special building needed, no one pastor, there should be several elders that are overhead. Even Paul didn’t get paid, he said he labored day and night to not burden the church of God!

[@jaredlee3633]

I would like to see the dislikes on this KZbin

[@skyty0]

"Balance your faith and your business practices" So, compromise your faith to make some profit? Doesn't sound very Christian like, Dave! 🤔

[@tommyliu7020]

Jesus didn’t really take kindly to those money lenders, did he?

[@Rflows100]

Faith Is the balance for business. It is the pillar. Hence business is based on faith. Without faith business becomes based on greed and fear. So to say balance your faith and your business practices is to promote the practice of duality as it is attempted to isolate the two into different domains, when one comes from the other. Eitherways duality is forbidden by the Most High for it attempts to make light of darkness

[@hannah20071000]

@@tommyliu7020 He kicked the money lenders out not because they were making a profit but because they were doing it in the wrong place. And they were money changers, not money lenders.

[@charlessands6933]

They are confusing with terms house and home. This is not the home of the landlord because he's not living there.

[@oldfordman68]

Proven fact the higher the rents go the higher the homeless population goes just because your needing to raise the rent doesn't mean you have to raise it hundreds of dollars at once.

[@claytonelofgren]

That’s actually true here in Phoenix, Arizona and the surrounding area. There didn’t use to be this many homeless people here ten years ago. I also work in mortgages and in Arizona property taxes haven’t gone up very much despite the house prices here (other states like Florida have seen large property tax increases). In most situations maybe a few hundred dollars a month more maximum for property taxes in AZ than they were a few years ago. Homeowners insurance and HOA fees haven’t changed much here either. So rents going up $500 a month + for pretty much everyone you could say it is greed. At the same time if a new tenant will pay a high amount no reason someone wouldn’t want to have them. But if you have an existing tenant who’s been a good tenant that is taking advantage of them in my opinion if you’re only raising rent because everyone else is. Really the higher rent prices should only be for incoming people to a property not someone who already lived there

[@Maxim.Teleguz]

As a tenant hearing this, this was hard to hear.

[@edb484]

Yep and then is exactly why people go buy instead because it cheaper than renting. Dave is a real estate go so of course he says this.

[@caroldieball4293]

Agreed. My rent was just raised by $50 a month. No real reason other than they can.

[@calebhoney6159]

@@caroldieball4293 inflation has made everything go up. Their expenses probably increased by 10% or more. I’m sure they had a reason

[@kaelaleedaley]

It is hard to hear but it remains the truth. Everyone is a victim of circumstances (if that is a particular view you hold to, not saying it is) including the Landlord. They have costs that need to be covered and they are running a business. This caller (and Dave) were discussing how to balance morality with keeping pace, not how to extort tenants. Neither man wants people to face a hardship because of them but Tenants have a responsibility for themselves too, to earn money to pay for a home and to live below their means well enough to afford said accommodation. If somewhere you live becomes too expensive, please try negotiating with your Landlord but ultimately, you may have to seek other accommodation or take on extra work. It's an awful time for everyone right now, we are Tenants facing a huge rise in April and we make minimum wage. We make more cuts to our budget and focus on keeping a roof over our head and food on the table. Some people are definitely taking advantage of the situation (whom I greatly pity, they will have so much to answer for later) and some are wrestling with how best to care for themselves and others. I pray your housing situation is stable x

[@edb484]

@@kaelaleedaley Yes everyone has to do what’s best for them In the end. Everyone in all the comments in this video are taken back by Dave’s comments is because he’s worth over $200m. This call shows a more real and different side of him

[@JL-cw9sm]

Ok I am all ok with land lord raising rents to cover his expenses but do not believe in landlords increasing rents 800 a month for one bedroom. Just wrong

[@networth00]

When and where has this happened? What are the local maintenance fees for that area, property taxes, insurance?

[@jmorris023]

Oh, the guy that raised the rent says its ok to raise the rent and it doesn't make him a bad person? The simple fact is that your COST didn't go up significantly.

[@KenH-pm2lh]

If most landlords only raised the rent to cover the small increases of doing business, then all would be well. The problem comes when they want to line their pockets too

[@randomyoutuber308]

You should buy some properties and rent them all out while attempting to just break even and not make any profits.

[@pm2886]

They're making a living! Why do expect landlords to provide you with housing for nil return? Do you regard them as charities? Owning investment property is BUSINESS, not charity. It feeds families, just like any other job or business.

[@nicolcacola]

Taxes, insurance and cost of renovations go up yearly, more so these past two years. No landlord should feel one should feel guilty for an exchange of goods and services.

[@bkucenski]

Renovations are paid for with equity, not rent.

[@dhruvpandya4136]

@@bkucenski It depends on how you treat your asset. If the asset is a 'dividend ' paying one. You seek profits from ongoing costs plus recovery of the capital invested. Plus, without the recovery of ongoing costs. Why would anyone invest in a property.

[@bkucenski]

@@dhruvpandya4136 If you can't make a profit without screwing people over, you're in the wrong business. If your equity growth doesn't cover your property maintenance costs, you made a bad investment and no renter should subsidize your bad choices. And a lot of people should not own properties and get real jobs instead. No one needs to financially struggle to make an owner financially comfortable.

[@Jeff-xy7fv]

Actually, just the past year; not so much the previous year. Let's go Brandon!

[@dhruvpandya4136]

@@bkucenski Let's say I own a restaurant. I do renovation and maintenance. Would it be screwing people over if I recover renovation and maintenance. Real estate is a buisness and property is an asset. Profits are always generated when one mantains a profit over ongoing costs of an asset and the recovery of equity put in through rent, and growth in equity. Otherwise it is no longer a good asset. I don't care if you feel housing investment is not a valid/moral source of income, you are living in some weird utopia. Land has always been an asset. It will be treated as an industry. Plus, how do you think rent rates are decided. maintenance + taxes + rates derived from home loan or percentage value of equity value.

[@GlassJack]

I'm a landlord of a basement suite. I purchased my property within the last 5 years and set my rent relative to the sqft and what that space would cost me to occupy if I were not renting it out. What I charge is WAY below market value. Market value is so high because landlords are often very greedy people and want to see a return every month. I don't see it that way. I will charge what the space is worth, sleep better at night, and see the profits one day in the future if I sell. Being a landlord isn't a real job.

[@maxxedout2020]

Glad I always rented from atheists.

[@tynktynk9151]

I know an elderly person that has no known illnesses and has decided to rent at his age (over 70) instead of purchasing to forgo repairs ad upkeep. He keeps the property so nice the owners have stated they will move in if he ever decides to leave or you know...

[@michael567jober]

Problem isn’t rent going up. It’s the bs landlords that refuse to fix up things around the cottage they call apartments

[@ryanpotter5002]

Yeah that is a different story , and should be clarified in the lease. Landlord and slumlord are different

[@michael567jober]

@@ryanpotter5002 problem is most are slumlords

[@ryanpotter5002]

@@michael567jober I get that, But they have different names for a reason. If you are talking about a slumlord then say that and don't group the good guys in it aka a landlord.

[@run4ever102]

Imagine raising rent and just handing them a Dave ramsey course.. I’d be livid!

[@visualpun650]

In most current circumstances charging “market rate” is greedy. Market rate is inflated in many urban areas.

[@sreb15]

“I did not displace them, the economy did but I’m going to raise to market value” Christians need to start holding this guy accountable It is refreshing to read these comments and see actual caring landlords

[@Abel1120]

i enjoy rising the rent, i love to see people struggle to pay for food and medical bills....

[@networth00]

We can tell you're an entitled tenant.

[@Abel1120]

@@networth00 i was being sarcastic

[@jeffsmith9420]

At least you are honest about it. However spineless worms like Ramsey use "god" aka sky daddy as an excuse.

[@networth00]

@@jeffsmith9420 He didn't use God as any excuse.

[@tacomuncher211]

Id like to respectfully educate mr ramsey why hes wrong 1. The fact were seen as "passing through" is wrong tenants would stay if we werent forced out everytime we face a disagreement 2. Ive had landlords illegally keep my deposit $600(and $2000) you dont think that adds up your wrong 3. On top of that upcharging IS WRONG (why people can never afford a home) plus it doesnt even go back into the property it isnt even necessary its greed at its finest You make us out to be your enemies were not.... Low affordable apartments actually bring new tenants to the marketplace

[@icecold8974]

The market place rate is BS. You can totally ignore it and keep rents where they are unless overheads get too high. Market rate is a made up number.

[@shadygrady3819]

You can only eat one steak a night. Are you making $$$?. I will always have something The other guy will not , enough..

[@gameingHyenia]

I am Nobody * But I am Very Smart * Let me tell you Professionals a thing or two 1 - If a family or Individual Can afford to pay more that is fine . If a family or Individual Has not acquired the funds to pay MORE then that is where you draw a line in raising rent. 2 If your In the Negative on a rental or close to being In the Negative Then go to the renter with the paper work to show them And maybe they will try to work something out with you . # Simplicity is always overlooked 4 No one wants to lose there homes on a months notice or less. Maybe some one will read this and learn being upfront is ALWAYS the best idea.

[@rainbowsnowflake5754]

People who raise the rent to unaffordable levels beyond what they were past 1979 should have their property seized by the people and brought back down to an affordable rental no more than the average 1/3 of a person's income

[@brennanb3919]

Another win for the atheist, Christian's be taking Ls all day.

[@bingdong8571]

Increased overhead costs? What does that mean? Housing market cannot exist like this for much longer. National rent control is coming.

[@Love_maui_2017]

I don’t agree! Raising rents to keep up with expenses but just to gouge people out of their own money is wrong

[@luisrocha5573]

Because you are not a family with small children

[@tmi4507]

Word of advice to anyone wanting to go into real estate. If you’re gonna take a loan out and not pay fully in cash, please stop whining and complaining about tenants paying anything. YOU are the one borrowing money for a property that could’ve gone to a family that needs a home and instead you wanted to make money on it. Have some damn empathy if you decide to go into real estate and realize people are going through all sorts of things. I understand being frustrated about your property getting destroyed because that is a separate issue. But how many people upon people were evicted during Covid when people lost their jobs and landlords “needing” the money in order to pay the loan off on their property because they didn’t freaking pay for the property in cash fully is absolutely insane to me. You’re the landlord. YOU are responsible for the monthly payment to the bank. Stop viewing it as your tenants are. Especially if they are paying YOUR mortgage.

[@jsetennis9224]

Yes, the ones that have no conscience and raise rents to unaffordable prices.

[@juju543soccer]

But raising someone's rent absolutely has to do with their housing expense to income ratio.

[@CandycaneBeyond]

You ARE the market and if you and others took a stand and said it shouldn't go up that high we wouldn't be in this situation. Be on your guard against all kinds of greed; life does not consist in an abundance of possessions'” (Luke 12:15). Life is about more than money

[@samkurz]

That's why rent control is good. We now have more homeless then most countries. People living in tents, cars, vans because rents are going so high.

[@richcreager7877]

I don't feel guilty at all, I'm running a Business not a Charity Event

[@v.m.4453]

Exactly! What do people think this is?

[@seankingable]

Get a room

[@alinatamashevich3354]

Yup, not the United Way!

[@RichV20]

Renting a house shouldnt be a "business"

[@richcreager7877]

@@RichV20 it is a business, it's to make money. Trust me we lose money too when tenants bring their Curtain Climbers in and trash the place. So yes rents will always go up

[@nadialast_name9224]

Rental business is BUSINESS in the first place.

[@catlady2795]

I miss rent control.

[@networth00]

You wouldn't if you were a landlord. Why don't you become a landlord and rent your places for pennies on the dollar?

[@user-ms1ie3jn1l]

@@networth00 If you can't afford to be a landlord, don't be one. No one owes you a business. It is not up to a tenant or a bank to pay your way. Pay your own debts and invoices and stop expecting others to pay it for you.

[@BambooScar]

No such thing at Christian love like Christian Greed.

[@triciajackson5493]

TINY HOUSE IS THE ANSWER. YOU DON'T NEED A LANDLORD ANYMORE. LET HIM HAVE HIS HOUSE. NOBODY NEEDS A LANDLORD WHEN CLEARLY THERE ARE OTHER OPTIONS. AMEN.

[@chrismccaffrey8256]

As long as they are in it, it IS their home. Full stop. Maybe not their forever home. But its is their home, their place of dqelling. It's not their HOUSE if they re renting. Perhaps its semantics, but we should be clear on the message. You can't just walk into their place of living and do whatever you want, you have to respect their space. Now if you need to do maintenance and have spoken to them, then perhaps it is okay to go on, orperhaps they can request you do it when they are there too. But it is still their home. They ahve made the space their own, energetically, in furniture and living arrangements. Just think we need to be clear about that.

[@dhowto3005]

Great Question!

[@bear1830]

Rent shouldn’t be in the thousands every month, it’s a basic human need ffs not a luxury!

[@IrishSpursFan]

my wife and I rarely raise rents because if we do the property may be vacant for a month or two whilst we find a new tenant also we might have to repaint, repair and change carpets so it doesn't always make sense :)

[@AlainGuillot]

Being a landlord is a business, it's not charity work.

[@unique1_4u]

His answer was so disappointing.

[@derrickyegge1303]

Horsesh*t answer Dave. That is 100% greed. Landlords have very slight increases in their overhalead. Not 30%. That is greed 100%. Get over yourself.

[@eddiekulp1241]

Yes if they are doing it because that's the prevailing rates and there cost aren't that high . Greed is evil

[@marcenelj]

They just raised mine by $200

[@networth00]

Go buy your own crib.

[@tyler951]

Yes! If you can’t afford rent increases, go spend tens of thousands of dollars that you probably don’t have to buy your own place.

[@dclaet1135]

@@tyler951 I know. Love that reasoning, right?

[@hylianlegends]

Who's here after seeing Jon Oliver rip him apart. I used to be a big fan of Dave Ramsey, but since the pandemic started, I'm realizing how wrong he is.

[@genxx2724]

Thank you for addressing this topic.

[@amandadean3948]

I have a friend who owns about 12 homes and rents them out. He’s been doing it for years. He’s NOT a Christian but he still refuses to raise rent on any of his homes. He’s about to retire and is very well off financially so he says it’s not about the money for him. But to each his own.

[@matthewgardner2144]

Thank you - this isn't a religious question; it's a business situation and each landlord is different.

[@josejr.garcia2228]

That’s great. I also think it should illegal for one person to own 12 homes.

[@chasityeverett3668]

Nice! Must be a great feeling to be getting ready to retire and have no financial worries.

[@DotHacker99]

It's almost like he has more moral and ethical judgment than "christian" landlords

[@Jonathan-du8fs]

If it’s not about money to him then why does he even own them lol

[@stormvet3806]

Wow. This guy is a real tool, out here twisting up these scriptures. I’m a landlord and if I can afford to keep the rent stable on one property, he certainly can. In my particular situation, I’m already making a profit so raising the rent would be pure greed.

[@MzMąħ]

Bless you

[@ryanheslop4874]

Gotta remember that one of the best selling real estate books is rich dad poor dad where the teaching that “greed is good” is a pretty big theme.

[@KC-dr3cg]

At $350 a month for rent on a house I'm only netting $180 a month.

[@georgewagner7787]

I hear you. My property renta for 1k but the first 325 goes to property tax and i pay income tax on it too even though I put it on the mortgage. Don't say i will see it later bc i know that. Never the principal, I will need to live off the rent when i am old and sick. ( im already sick)

[@yaserchow]

Exactly. Raising the rent to keep up with taxes and maintenance expenses are normal, but anything beyond that is pure greed.

[@djpuplex]

Raising rent is fine but the rate in which rent is going up is making housing a luxury now.

[@yarrdayarrdayarrda]

Housing IS a luxury now. God help those who just squeak by every month, I bet there's a significant percentage of renters that do.

[@OfftoShambala]

My tenants told me that some homeless people in a car broke down in front of the house, they ended up literally living in their car in front of the house for three days or so… at some point, the police showed up and told my tenant that they would fine them! My tenants, that is. To be clear.

[@OfftoShambala]

@@yarrdayarrdayarrda yes, we have an increasing problem with homelessness in my area due to a combination of tyranny and beast system induced inflated housing costs

[@closingtheloop2593]

lol

[@pm2886]

Expecting to have your own private home (not shared with extended family) IS a luxury. To expect that on a low income is absurd.

[@Zwrld781]

Raise rent and add the value back into the property(regular updates, upkeep, maintenance) Don’t ask for 2022 prices with a 1960s kitchen and bathroom.

[@michael567jober]

Boom! Right on the money

[@DondrellTv]

Amen

[@localblackman427]

To be fair the 1960s fridge is probably better built than the ones now lol but you are 100% correct

[@alp.9672]

Too bad many landlords do not have this logic

[@toeachitsown2050]

The tenant would rather you not, considering daily expenses are through the roof

[@tenaya20]

He completely sidestepped the question. Rents are being raised well past income increases. For him to say that it is your problem you can no longer afford my house is very telling. I am following the steps because they make fiscal sense but Dave's morality is well...

[@stellawil]

Minimum wage here in So Cal is between $14 and $16 an hour. Rent is astronomical!! It’s 1600 and up in most places

[@hb1128]

Supplies have gone up a ton in price. Landlords shouldn't have to eat that cost solo

[@tenaya20]

@@hb1128 Agreed. Raising prices to keep up with inflation is fair. Tying it to the current real estate appreciation would be gouging

[@finalfant111]

Thank you, I am glad someone else said it.

[@finalfant111]

@@hb1128 Yes, because I am so sure that a raise in supply costs is worth an additional $2400 to $3600 a year increase.

[@Dramanas]

I feel like as a secular capitalist, this is pretty solid advice. As a Christian, I feel this is a pretty bad take.

[@geomcc39]

its Greed that will hurt all !

[@robertolmstead1346]

Yep. If you wouldn’t raise your own rent, why raise your neighbor’s? Mark 12:31

[@jeremyncrm2012]

Landlording for the most part is immoral

[@billwilliams699]

I can understand having to raise the rent due to taxes and insurance, but the rent in Tampa has been raised 25% this year. That's pure greed

[@networth00]

How much has insurance and property taxes gone up in Tampa recently? What about maintenance costs? Why don't you become a landlord and rent your stuff for real cheap? Let me know when I can get a cheap place from you since you're so nice.

[@pablobarrera5958]

@@networth00 exactly just let us exploit people in peace

[@shinikyokai8815]

@@networth00 Nowhere near 25 percent in the Tampa area.

[@mikki7384]

@@shinikyokai8815 I live in Tampa. At January renewal my rent will increase from $1300 to $1746. That's over 25%. Actually, my rent won't increase cuz I'm moving out. Thankfully a friend will rent me their condo for cheaper. But I sure wouldn't be leaving if the increase was more reasonable.

[@shinikyokai8815]

@@mikki7384 Sucks dude, I know for a fact that landlord expenses haven't nearly increased that much to justify a 25-percent increase in rent. Rent got bumped up roughly that amount in Palm Beach as well.

[@chriswhetton3584]

I get raising rent to cover increased property taxes etc. no one should feel bad about that. However, Dave’s first answer is a perfect narcissistic answer, deflect the blame on to something else. “Everyone else is doing it so I can too” is a sad answer. I have no problem with having rental properties for additional income etc. but profit over humanity is one of the biggest problems in our society. Dave has been either misleading or happily in denial about how “easy it is” to simply move somewhere you can afford. I got sick of Dave’s half Christian approach so I haven’t listened in a while, I made a mistake coming back here.

[@alfredoleiva5522]

The funny thing is that this isn’t even a Christian approach Dave Ramsey is taking lol

[@gr8macaw1]

I agree with you Chris. Total prosperity evangelical.

[@DotHacker99]

It's totally disgusting. Capitalism and christianity are polar opposites and yet this guy doesn't feel bad about throwing families into the street. He's the camel that can't fit through the thimble and go into Heaven.

[@greenearthblueskies8556]

👍🏼👍🏼👍🏼👍🏼👍🏼💯💯💯💯

[@veronicadare9047]

Well said. Let’s change our priorities within our country. Give back, live within our means, and see each other as our neighbors. This country has a sad habit of excessive consumerism we have lost sight of what is more important in life. Well I haven’t which is why comments such as yours is so important to read. There are many of us looking for change. Thank you

[@ryanoneal8480]

Dave Ramsey is not a Christian, he can call himself one all he wants, but this video proves he isn't.

[@mhballa5866]

bo ho.

[@ryanoneal8480]

@@mhballa5866 lol learn to spell

[@apartment-gouginglandlord-8775]

Dave is a criminal!

[@TheSecondR]

cry more rentoid

[@shelbyglover5919]

I remember when I rented and renewed my lease, my landlord raised my rent $15 a month because his taxes went up that much. THAT is an honest landlord, who truly raised rent to cover expenses and nothing more

[@paulk9985]

You have described a sap.

[@jakeusaf9401]

@@paulk9985 no

[@jermainemyrn19]

I mean you're still paying his mortgage. You didn't sign the bank loan that he applied for. So why would you have to pay for increased cost? It just means you can no longer afford it and have to sell

[@InOrlando]

@@jermainemyrn19 lol, ok.

[@asterisk911]

In what universe is an increased tax bill the only increased expense a landlord faces? Even just within housing, labor costs and materials on any current or future repairs are going up most of the time. And why limit consideration only to directly housing-related expenses? If food prices go up, well, landlords have to eat like everyone else does.

[@cadehalsell2691]

I'm also a landlord. The way around this I found is to raise the rent. I tell my tenants be good to me, and i wil be good to them. Keep my house in good shape for the majority of the year. And December is free. Go have a nice Christmas with the family. Works great 👌 damages are minimum.

[@ThreePuttBogeys88]

Pretty awesome deal. I’m definitely going to implement this. First I just need to buy a house.

[@racpatrice]

Wow that's really nice

[@Troonielicious]

Exactly I would do an inspection and if everything is good then yes one month off

[@charlesg7926]

Eh I wouldn’t give that much. I’d maybe give $500 off though lol

[@CraigWhargoul]

I would have loved renting from you when I had a young family.

[@No_life_haha]

Dave Ramsey is a 🤡

[@mhballa5866]

wah wah.

[@eos_2366]

I’m starting to realize.

[@mikeg6niner]

I haven’t raised my tenants rent in 10yrs. They are that awesome.

[@aolvaar8792]

Rents here in PHX, 50%, $2000>>$3000 in one year My home $300K>>$400K in one year

[@homecookteresagreen]

Thank you. I bet you are a good landlord too.

[@edb484]

Yea this one thing I don’t like about Dave and a reason why people buy a house when they have debt. Can’t blame with rent is 2x a mortgage

[@nycdweller]

Mikeg6niner - you are awesome!

[@bangladeshirealtor]

@@edb484 buying a house comes with much more expenses and maintenance …..a big ticket item will put you further in the hole and demolarize you psychologically. That’s why he stands by that ideology .

[@silvercivic1996]

I have amazing tenants that take great care of my house. I haven’t raised their rent and don’t plan to . I knock off $300 for December rent so there’s extra money for Christmas . I hope they never move out .

[@Currency49495]

I was renting a few years ago and fell into hardship due to medical issues, I contacted my landlord and he wished me a speedy recovery and said I should rest after I told him I could not afford rent that month. That was the first of four years I rented from him. My landlord floated my December rent in 2017. I paid him in March 2018 for that months rent. Now, I own two homes, one of which I purchased from him. He did later raise the rent up on that property by $375 a month, due to that fact I moved to another house he owned. He is a great person and I respect him for being honest and fair.

[@swilhelm3180]

You are rare. Most people who fall behind never catch up. The vast majority. What works better is if the tenant offers something the landlord can keep as security in case they don't pay. Sort of a pawnbroker arrangement except no interest is charged. But the item is worth at least the value of the money being floated so it can be easily sold. If the selling price is more the extra should be given back to the tenant.

[@Nepthu]

@@swilhelm3180 What kind of security would someone have? A comic book collection?

[@swilhelm3180]

@@Nepthu Usually its their hobbies. Most people have interests. These interests have equipment or tools often. That's what I'm talking about. Its often hobby related. If they don't you can't do anything. The problem is most people will simply not pay if they don't have to. Like the vast majority. Wish it wasn't so. I wish landlords could collect a full months rent at least as security. This would help that tenant climb out of a financial disaster as there would be a much larger financial buffer. In some countries you have to pay several months rent. This forces people to live responsibly and save their money. Something unknown to many people today.

[@georgewagner7787]

No landlord wants to have to sell tenants' stuff.

[@hacatan24]

That's like a needle I'm a haystack... Other people they kick you out before you heal up

[@josejr.garcia2228]

It makes you a bad Christian if you know the family can’t afford it and they have to move. Especially if you don’t need the money and you just want to make more money.

[@andrewsmith8715]

Dave isn't even a real Christian. He worships money first and foremost and he will have a rude awakening when he is judged.

[@nigelstanford4]

@@andrewsmith8715 Spoiler, there is no judgment. Christianity is fake. Don't hold on to your life being miserable now but you will enjoy a great afterlife.

[@andrewsmith8715]

​@@nigelstanford4 Even if you aren't a Christian but understand its tenants it should be obvious that Dave Ramsey is just using Christianity as a cloak to grow his business. Daves ideology and belief system run counter to Christian teachings.

[@mackeerererallll6]

@@andrewsmith8715 agree completely. He is a fake Christian. The rich will never enter the kingdom of heaven.

[@Musicheadmantha]

That depends on your intentions when you started the business. Maybe the owner started the realestate business to make money. Not everyone provides subsidized housing. Most real jobs give annual raises.

[@Lashes4Ashes]

Dave isn't a Christian

[@apartment-gouginglandlord-8775]

I agree! He is a lukewarmer fake Christian!

[@dclaet1135]

Sure he is. He's a prosperity gospel preacher.

[@doubleoseven273]

its a double edge sword b/c how many landlords lower the rent once inflation starts to go down, the answer is none.

[@lsshvs8415]

Inflation 'going down' will only mean less inflation every year, so, no. We will never return to pre-pandemic prices and landlords will no lower rent and those who havent raised will do so in the future.

[@georgewagner7787]

If your costs, not inflation rates, are going down, please tell me what state you live in bc I want to come there.

[@Rflows100]

​@lsshvs8415 that's what people tell themselves to keep them in the 'landlord' game, when in reality they know deep down its a scam, and they have to be as crude as possible to guilt trip people into succumbing to their inflated accommodation costs

[@Rflows100]

​@lsshvs8415 that's what people tell themselves to keep them in the 'landlord' game, when in reality they know deep down its a scam, and they have to be as crude as possible to guilt trip people into succumbing to their inflated accommodation costs

[@spot_of_tea53]

You have to make a living but you don't have to make a killing.

[@stephanied.k.3589]

Everybody is trying to make a killing. If you want to do the Christian thing then stick to scripture. It's ok if you want to follow the economic standards of your community but don't try to compromise the scripture.

[@jaebeablessings1005]

Well said!

[@jeremyjeremy8795]

@@stephanied.k.3589 so you’ve never accepted a raise at your job?

[@RichV20]

@@jeremyjeremy8795 False equivalency

[@stephanied.k.3589]

@@jeremyjeremy8795 Yes, but the company that I worked for used the community prevailing wage system to determine annual wages and not Christian scripture. If you are an "inn keeper" and start following scripture you might end up giving a struggling family free room and board at the inn.

[@taurinenrgy]

I’m not landlord but worked for some. In my opinion I think is better not to raise rent to the tenants that keep your place like it was theirs (As long as landlord’s cost hasn’t increased). Is so much more work when you have tenants moving in and out.

[@drbassface]

Rent is being raised way higher than just covering increasing costs.

[@ryanthepianoman27]

Inflation is high that’s why

[@Ryan.zelenski]

Landlords want a raise too 😁

[@FTBASTAR]

Inflation is an excuse to charge more

[@JGormanVietitali]

inflation is an excuse. insurance went up. property taxes went up. repairs went up. court fees went up. ETC

[@FTBASTAR]

@@JGormanVietitali Inflation is an excuse to charge more. Look it up, rent hikes aren't proportional to the increases in property taxes, insurance, etc. They are exponentially higher. Humans will always be greedy. Be honest with yourself.

[@jillgott6567]

I rent. I understand prices need to be increased now and then- so rents have to sometimes be increased. What I wish is landlords would just admit that renting is their business - I have had several say they do it to benefit the community. No you don't. It is your way of making money!

[@foresight2pable]

@ Jil Gott.."renting is a business," Duh 🙄

[@jillgott6567]

I know that and you know that but I have heard several landlords say it is a service they do for the community as if they were such wonderful people making sacrifices. Instead, they are making a living, building wealth. More power to them just get down from the high horse

[@kyzerw3816]

They are just trying to build wealth and it's not as easy as it sounds especially being a landlord. I would recommend looking into getting a duplex

[@pm2886]

Of course it's a business.

[@user-ms1ie3jn1l]

@@kyzerw3816 Building wealth, what has God said about that? Does Ramsey or anyone even pay attention to all the warnings in the Bible?

[@rolandoflores2806]

If there isn’t one already there’s about to be a housing crisis. Every rental house is going to have 2-3 families just to be able to cover rent.

[@loljk9443]

I think in America we may have to resort to the living arrangements of the average European or Asian family in those respective areas. Living in the same home with several generations growing up in it. It seems to be the only way so many people will continue to even be able to afford housing

[@Growmap]

I agree that would be a solution; however, many rental and lease agreements specify the number of occupants allowed. There is obviously already a housing crisis given how many families are living in their cars or on the street. Many of them have at least one person working and still cannot afford a place to live.

[@genwilson7741]

Also, if they thought there was a birthing crisis over the past couple years, then it’s about to increase cause nobody can afford to have kids with these prices!

[@pm2886]

So? That's the norm for about three quarters of humanity. We've all been trying to live like kings. We deserve everything we get for that reason.

[@pm2886]

@@Growmap The point is to OWN with family ... not rent. When multiple people combine their money, owning is easy.

[@eos_2366]

Dave, I started doing your steps, a guy in 17k student debt who paid it all off. It isn’t till now that cost of living is going up am I having trouble putting money down to pay of my other debt. After seeing this video, I consider you the biggest hypocrite out there.

[@ryanthepianoman27]

How does this make him a hypocrite?

[@toeachitsown2050]

I have lost so much respect for him the past few years... I bet he still thinks we should put 20% down, 15 yr fixed at less than 1/4 of our take home pay... well... guess we will never be able to do that if the median home is $400k and appreciating every year

[@addbackwards]

@@ryanthepianoman27 re-read

[@toni4jesus2]

Amen!

[@localblackman427]

If you raise the rent without needing to and you only did it bc the people around you did, you're kind of being greedy in my opinion. It's one thing bc the landscapers and plumbers and other retainers want to charge more... But if all it is just the avg price...and they're in true hardship...That's just greed in my opinion. And if you're being greedy and that results in a family being kicked out and worse off than they were... That's not a conversation I want to have with God.

[@andrewsmith8715]

Again I tell you, it is easier for a camel to go through the eye of a needle than for someone who is rich to enter the kingdom of God.” Matthew 19:24

[@michaelcerean1990]

I’ve been weighing the options between investing in stocks or buying a piece of property and building a new rental home on it. Your logic says that I have to make a little profit as possible on the rental property. Why shouldn’t I just invest in stocks then?? The fact is that when there are price fixes in real estate, as you seem to imply, people don’t build new homes anymore and housing becomes even more expensive.

[@dclaet1135]

@@andrewsmith8715 Yes, because it appears that the rich honor the almighty dollar above all else.

[@anniealexander3402]

Just because a landlord doesn't have an immediate expense, doesn't mean the landlord doesn't have large expenses. Ever paid to replace a roof? Heat and air unit? Refrigerator stove and dishwasher package?

[@ambermichele3133]

​@@anniealexander3402 find quality instead of the cheapest option and you wont have large expenses that often. take care of things the correct way for the long haul, theyll take care of you.

[@4ammofo204]

why are the people who call themselves Christian the least christ like?

[@ajl099]

Good Business can be led by greedy people. It is impossible to both maximize profits AND be philanthropic/ Altruistic on the same scale. They take from the same resources. Think the less I pay my workers the more I can pay myself/ share holders.

[@dclaet1135]

Some walk the walk and don't brag about their kindness towards others. Others just talk the talk, while doing what benefits them.

[@Marl-hj8hh]

So basically Dave is saying “Business first, faith when it’s convenient” 👎🏼

[@networth00]

Business is business, doesn't matter if you're religious or not. Nobody invests their hard earned money to be a nice Christian. It's their job once you enter into that line of work. Do you want your boss not to give you a raise just because you're a Christian?

[@localblackman427]

@@networth00 I'm pretty sure Jesus cares 100% in what you invest your money in and how you use it. In everything you do as a Christian it should be to honor God. So no, "business is not business" when you're a Christian. That's the whole point of trying to do the godly thing when we can, and try our best to not willingly fall short. We're in the world but not of it (John 17:14-16)

[@networth00]

@@localblackman427 God helps those who help themselves.

[@isaiah2810]

@@networth00 Well that’s not quite what the Word of God says. For it is written: “For he shall deliver the needy when he crieth; the poor also, and him that hath no helper.” (Psalm 72:12) 📖🔥🕊 Ye do err, not knowing the scriptures, nor the power of God.

[@coyotedes6886]

I think your having a hard time understanding the English language and interpretation of speech.

[@aj6807]

He is basically saying don't worry about the tenant 😭 Thanks for all the likes 😊

[@pm2886]

It's not his responsibility to "worry" about the tenant. He's not family. Does any other business worry about your welfare before asking you to pay for what you've CHOSEN to buy? How is your financial security not your own concern, yet you no doubt expect others to manage their own finances (eg your landlord)?

[@aj6807]

People shouldn't benefit off of human shelter. It's a basic right.

[@jaidaevans5240]

The issue is he’s trying to represent Christ with an answer that is not Christ-like

[@georgewagner7787]

Unfortunately, shelter is not a right. Tell it to the people in Calcutta. You can only saythat here bc of the American government

[@jennyf308]

I often agree with Dave, but this was a really bad response from start to finish. Affordable housing is a necessity not a luxury and rent has absolutely skyrocketed everywhere. Where are these people supposed to go Antarctica? Rent is barely affordable everywhere especially if you're a single individual. And the other guy saying he'd give them some Dave Ramsey resources? And saying a rental isn't a home? This whole response is apathetic and completely out of touch.

[@edb484]

Yep Dave is a real estate guy, messed up for sure. This is why I can’t blame caller for buying a house when they have a small amount of debt. I’d rent is 1.5 to 2x a mortgage you can’t fault them

[@random-nz7dy]

What is the landlord supposed to do? He's also having to pay a lot more for cost of maintenance on the property. He said in the question of the overhead is rising for him so raising the rent has sort of become a necessity. As a single renter I agree that it sucks and it's hard but I get where the caller is coming from. And I think that's why you can do this where you give them enough time and enough Grace so that you minimize the stress it puts on them and give them plenty of time to decide.

[@mannyjeanpierre4062]

it's life. Things become more expensive. Landlords have expenses also. Taxes, insurance, repairs, maintenance all go up in price.

[@KamikazeCash]

@@random-nz7dy If you're raising rent because your overhead increased, communicate that with your tenant. If a landlord raises rent $100 and says "my costs increased" with no elaboration, what he really means is "my desire for profit increased."

[@johnSmith-uz8nl]

@@KamikazeCash What if I raise rents cause I want to become richer?

[@Moonwolfice44]

Nah your straight up not making it into heaven. God could care less how many excuses you make.. "How hard it is for the rich to enter the kingdom of heaven! Indeed, it is easier for a camel to go through the eye of a needle than for someone who is rich to enter the kingdom of heaven." I'll pray for your salvation.

[@leonardu6094]

Guy who takes bible verses out of context is condemning another person lol. Nothing Dave said here is objectionable.

[@Satanisruined]

@@leonardu6094 There is a way that seems right to a man but it only leads to death.

[@leonardu6094]

@@Satanisruined ok

[@leonardu6094]

@@debrac3391 You wouldn’t know common sense if it slapped you right across the face. Now *THAT’S* a pity

[@leonardu6094]

@@debrac3391 No more a word salad than your initial comment was 🙃

[@spensermitchell4106]

Nice exploitation Dave, great Christian

[@offthetrail636]

God would not approve

[@offthetrail636]

Jesus would not approve

[@ryanoneal8480]

It is absolutely unchristian to raise rent. If you cant afford to keep the rental house, you can't afford to be a landlord, so go get a job. Screwing ppl over for more profit is very unchristian.

[@dlkwriter]

Disagree that it is unchristian to raise rent. By this logic, every business that raises prices is unchristian, which means that only non-christians should own businesses. It's not about screwing people as a landlord, it is about keeping up with the marketplace. Raising rents annually by a small amount, such as $10 a month for example, keeps up with the marketplace. Of course, this also assumes the landlord actually keeps up on the property like they should as well, which is another discussion...

[@DrSchor]

It is very American; Capitalism is the American Way.

[@user-dw2nu2sq5t]

“It is easier for a camel to go through the eye of a needle than for someone who is rich to enter the kingdom of God.”

[@DrSchor]

It is easier for you to make passive income as a landlord than hard labor, so why don't you become a landlord?

[@patrickmcmurray9446]

one of the most stupid bible verses.

[@bChipps]

Give the tenants plenty of notice and dont go crazy and raise it 500$ just because. If you put money in the property raise rent. If you want to fight inflation raise rent. Don’t do it just for more money in your wallet with no benefit to the tenant. Communication is key.

[@hb1128]

I think the problem is it's easy as a tenant to say That increase was too high/ doesn't make sense.. when I actually have not sat down with an Excel sheet of repairs made, costs of supplies, costs of construction labor, transportation fees for new cement or gravel, new zoning laws, property taxes, fire/ flood insurance, lumber costs, on and on and on. I as a tenant can either do detailed research or accept it as face value. But I can't complain if I stay ignorant

[@bChipps]

@@hb1128 well I mean that’s not what I said but even then the opposite it’s easy as a landlord to make no improvements spend little to no money on maintenance and upkeep and raise the rent 20%. Even if you are spending that money that’s fine that you raise the rent but still communicating with the tenant is important.

[@hb1128]

@@bChipps yea that's fair. My boyfriend's place just went up by 300 and half the gym equipment is broken. The parking isn't enforced, etc

[@dclaet1135]

@@hb1128 Let's not forget that all of those expenses are tax deductible.

[@edwinortiz1262]

Ah yes Jesus said it is unchristian to not raise the rent so this family has to leave their home. One of the commandments is indeed Thall Shall not Lose Profit or something

[@Ultimime]

Nothing more right wing christian than raising rent prices in a pandemic and acting like the victim at the same time. The onion articles write themselves at this point.

[@timw8646]

what does religion have anything to do with this? i can play your game too then. nothing more (enter your religion here) than taking advantage of someone who won't raise rent on them

[@Rflows100]

​@timw8646 your not even supposed to be raising rent, economically speaking.

[@Taylor-kp2bi]

I rent. My apartment is my home. It is not my property, but it is my home. To assert that one does not have a home unless they own property is unnecessarily callous. This segment was devoid of humanity.

[@matt497]

Landlords love to pretend they are like you but most of them only see you as a cash cow and nothing more. They love to call themselves "housing providers". If they did not feel the compulsion to profit off of others need for a home maybe there would be more affordable houses for more people. This is classism plane and simple.

[@matthewgardner2144]

You said it very well. A home is a construct, it's where you make your life. A house or apartment block is a physical building. Dave's little assistant got it wrong.

[@ryanpotter5002]

@@matt497 pretty sure every single person starts out without a home, then they get skills, and can own a home. Where is the classism

[@anniealexander9616]

I'm a landlord but my 1st place was a rental. It wasn't home. It was a place to stay while I was saving up to buy a home. I didn't hang pics all over the walls etc. My focus was working and saving for my home. That's what Dave means. I have tenants spend hours and hours and hours decorating. Then I have to spend hours and hours and hours, puttying, sanding, primering, and painting. Just to find out they had time to put nail holes in my walls but never once cleaned the oven. As a tenant, I tried to keep the place clean like I found it. If something spilled over in the oven, I cleaned it up. It grease splashed on the stove, I cleaned it up. I have tenants move in junk and then can't move it when they move. It's just too much. So they leave it behind. I have to get movers and pay for disposal. A deposit doesn't cover a repaint and it all comes out of my pocket or my free time. So rent has to be increased to be able to cover damage that I don't even think some tenants realise they are doing.

[@ryanpotter5002]

@@anniealexander9616 Great explanation

[@larrisalewis8558]

I think your faith should be more important then money. Yes rising your rates knowing the person going to be homeless is going to make you a bad Christian. Do you not understand the story of Joseph and Mary trying to find a place for them to give birth to Jesus?

[@fallenkeith5885]

Yeah, i'm done with this rental stuff. I may as well just buy a house at this point. A 3 bedroom house here costs 30%-40% less to pay a mortgage than it does to rent. It's been normal for 20 years, and then all of a sudden the market goes crazy here in 2020 and people keep coming here and buying houses

[@donnasanti8336]

Rent has increased in my area 40% in the past 18 months. Seniors who sold their homes several decades ago can’t afford that steep increase for 1970 un-renovated apartments. Many elderly neighbors had to move to less desirable areas, which is sad. Many single seniors don’t desire a home and that expense. Been there, done that.

[@richard77231]

The other thing you have to factor in is how long, if the tenant leaves, it will take to find a new tenant. Let's say it's one month and rent is $1000/month. So there is a breakeven analysis in terms of the extra income of the rent increase vs lost rental income.

[@user-hd8ej8yx9p]

Exactly, at which monthly rate do you eliminate renter turnover? For some, having a tenant for years who is trouble-free may be worth more than extra money per month

[@Growmap]

@@Originalman144 Even if major repairs are not required many landlords will paint, maybe replace something they wouldn't if the same tenant stayed, possibly even replace some carpeting or flooring. It is less expensive to keep the same tenants for a long time than it is to change them.

[@aceocean3450]

This is why it’s easier for a camel to get through the eye of a needle than a rich man getting into heaven

[@ASmith-jn7kf]

Yep.

[@DJR5280]

Dave is the Joel Osteen of finance.

[@conquistador2]

Haha very true

[@foresight2pable]

@DJR5280..If your statement is true, why do bother to listen to him?

[@DJR5280]

@@foresight2pable I'll let you have fun thinking about an answer.

[@cozetteoconnor1289]

Wolves in sheep’s clothing Beware