......who has kids and works two jobs - that he's raising her rent from $1,100 to $2,500
A landlord has been slammed on social media after sharing a video appearing to show him telling a tenant that he was going to raise her rent by more than double the amount she was paying.
Real estate investor Raul Bolufe, from Miami, can be seen in a TikTok video on the phone to a woman who he says rents one of the properties he recently purchased.
He explains that she is currently paying $1,100 a month, which is a 'pretty low price' considering the area and 'today's market,' and similar properties in the neighborhood are going for about $2,500.
Raul suggests he could 'take the lower end of $2,200,' to which the woman who says she has lived in the building for 10 years exclaims: 'Are you kidding me? That has to be a joke! I can't afford that s***. I have kids and I'm already working two jobs as it is. Where do you want me to go now?'
To date the clip has been viewed more than one million times, with many commenters claiming that Raul's rent-raising tactics should be illegal.
Realizing that the tenant is not willing to cooperate, Raul tells her: 'If you don't wanna stay for that price, I'm going to have to put [out] a 30-day notice you could leave peacefully on time, but I definitely can't make it work at that current rent amount.'
In response to Raul's ultimatum, the woman tells him she is going to call her brothers.
She then informs him: 'I dare you to try to pull up and give us the eviction notice. This is ridiculous. I'm not paying over double my rent.
Raul concludes by saying the woman has left him with no other option than to call the sheriff.
The property pro's third installment left viewers equally as divided.
One person sided with Raul, writing: 'Evict her now. Insurance in Florida has nearly doubled. Landlord is not running a charity. He tried to be nice.'
However, another disagreed with the landlord's actions, writing: 'Gotta take her side in this one, especially since there might be laws that put a cap on how much you can increase rent, but doubling it man is wrong.'
In 2021, there was an average 20 per cent increase across the US's biggest 50 cities, which forced many renters to dig deep into their savings, downsize to subpar units or fall behind on payments.
Nowhere was the jump bigger than in the Miami metro area, where the median rent surged to a whopping $2,850, 49.8 percent higher than the previous year.
Then in May 2022, median rent in Manhattan hit an all-time high of $4,000 per month, a 40 per cent increase from the previous year.
Previously Kelsey Barberio, 27, revealed in a TikTok video that the rent for her apartment had been raised from $2,100 to $4,175 - a nearly 100 per cent increase after just two years.
Experts say many factors are responsible for sustained astronomical rents, including a nationwide housing shortage, extremely low rental vacancies and unrelenting demand as young adults continue to enter the crowded market.
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More than a bit crass on the owner's part but renting for 10 years?
Even saving like $200 a month during that time would leave you with $24,000 (excluding interest or other gains) that you could use towards down payment of actual ownership of property.
How much you wanna bet she was all in on the Covid rent moratorium.
10 years with no increase? None at all, over 10 years? The previous landlord/manager was asleep on the job.
There is a way to guarantee your rent doesn't change over the course of many years. It's called getting a mortgage.
A landlord has been slammed on social media after sharing a video appearing to show him telling a tenant that he was going to raise her rent by more than double the amount she was paying.
Real estate investor Raul Bolufe, from Miami, can be seen in a TikTok video on the phone to a woman who he says rents one of the properties he recently purchased.
He explains that she is currently paying $1,100 a month, which is a 'pretty low price' considering the area and 'today's market,' and similar properties in the neighborhood are going for about $2,500.
Raul suggests he could 'take the lower end of $2,200,' to which the woman who says she has lived in the building for 10 years exclaims: 'Are you kidding me? That has to be a joke! I can't afford that s***. I have kids and I'm already working two jobs as it is. Where do you want me to go now?'
To date the clip has been viewed more than one million times, with many commenters claiming that Raul's rent-raising tactics should be illegal.
Realizing that the tenant is not willing to cooperate, Raul tells her: 'If you don't wanna stay for that price, I'm going to have to put [out] a 30-day notice you could leave peacefully on time, but I definitely can't make it work at that current rent amount.'
In response to Raul's ultimatum, the woman tells him she is going to call her brothers.
She then informs him: 'I dare you to try to pull up and give us the eviction notice. This is ridiculous. I'm not paying over double my rent.
Raul concludes by saying the woman has left him with no other option than to call the sheriff.
The property pro's third installment left viewers equally as divided.
One person sided with Raul, writing: 'Evict her now. Insurance in Florida has nearly doubled. Landlord is not running a charity. He tried to be nice.'
However, another disagreed with the landlord's actions, writing: 'Gotta take her side in this one, especially since there might be laws that put a cap on how much you can increase rent, but doubling it man is wrong.'
In 2021, there was an average 20 per cent increase across the US's biggest 50 cities, which forced many renters to dig deep into their savings, downsize to subpar units or fall behind on payments.
Nowhere was the jump bigger than in the Miami metro area, where the median rent surged to a whopping $2,850, 49.8 percent higher than the previous year.
Then in May 2022, median rent in Manhattan hit an all-time high of $4,000 per month, a 40 per cent increase from the previous year.
Previously Kelsey Barberio, 27, revealed in a TikTok video that the rent for her apartment had been raised from $2,100 to $4,175 - a nearly 100 per cent increase after just two years.
Experts say many factors are responsible for sustained astronomical rents, including a nationwide housing shortage, extremely low rental vacancies and unrelenting demand as young adults continue to enter the crowded market.
More with VIDEO
More than a bit crass on the owner's part but renting for 10 years?
Even saving like $200 a month during that time would leave you with $24,000 (excluding interest or other gains) that you could use towards down payment of actual ownership of property.
How much you wanna bet she was all in on the Covid rent moratorium.
10 years with no increase? None at all, over 10 years? The previous landlord/manager was asleep on the job.
There is a way to guarantee your rent doesn't change over the course of many years. It's called getting a mortgage.
