My friend and former co-worker Carlos works at PATH now. He told me that Zillow did a study about the risk of homelessness to renters in 2017 and apparently they did really accurate research because they are right.
This means if you are renting a 1 BD apartment at $1,000 a month. For starters, you’re lucky… Average 1 BD apartment goes for 1,300 a month. But for the sake of easy math… 5% on $1,000 a month is $50. $50!!! It’s totally within reason for a landlord to feel like they could/should hike up your rent by 5% ($50) and not know the consequence this could have. #LandlordEducation