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Microsoft is hiring an account executive and I’m really interested in the role. I have B2B sales experience in a different industry, but my skills include lead generation, prospecting, account management, negotiating, etc (all within the C Suite and other decision makers).
Would appreciate knowing if this is something I have a shot at with no tech sales experience and what I could expect for promotional opportunities and compensation.
Thanks for the help!
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Subject Expert
That depends on your situation.
Have your costs gone up? Insurance, taxes, HOA (if applicable), etc.
Will the market support a rate increase? IE could they find a better option for cheaper?
I’m all for trying to keep the price the same if your costs haven’t increased significantly.
For reference:
My landlord has inconsistently raised our rent (single family home) $200 total in 6 years. Once was $100, then $50, then $50 again. We have appreciated it very much that it has always been an affordable amount and with good notice before the increase. He also was very clear he wanted long term tenants when we moved in. He's attentive when we have needs, and I think we are generally good tenants. We've been very happy to be here and appreciate staying in this home.
Depends on your willingness to lose them if the market is comparative. We have a lake house and haven’t significantly raised the rent thought we could get quite a bit more bc the tenant is so easy and we don’t want to deal with a new tenant until we are ready. There is value in easy timely payments who don’t bug you at all.
Raise. They will and should think of themselves before thinking of you. Just do it lightly if you feel the need. Always collect no less than 90% of the market rate for your property.
We have a house and had to lower the rate to get a renter in to it. We wanted to put a clause in the lease for increasing the teeny bit they didn’t go for it. However when they renew next we want to raise the rent.
You have you also asked yourself if they don’t agree with the the rent increase, will you bargain or are you ready to look for a new tenant. Also, have you compared the rents surrounding your area and in market that can also justify for a rental increase?
Are you doing any work to improve the unit? Are they constantly reporting issues? Why would you increase it?
@accenture1 if that was the case, that makes sense. OP didn’t say anything about those variables influencing their decision.
@director1 This is a relationship, not just a transaction. Great tenants are not something to shirk off and if you’re only focused on a bottom line, you’re not a good landlord.