Am I being taken for a ride..???
 

I have a property just outside frankfurt, I've renovated it and made it into a 2 family home, I feel have been ripped off big style by the locals and now dont feel like I want to live there, however I'm beholding to a family member as i dont speak german, I'm renting one of the apartments which is a 4 bedroom house with 1200sq mt of outside space including garden, barn, outbuildings and courtyard for approx 500 euros per month......I'm made to feel grateful about this, but I feel like I'm being taken for a ride.........my problem is, not speaking the language or living there I'm stuck.....I've suggested selling but I'm recommended a local agent who I dont trust...
can anybody suggest what I can do...!

Re: Am I being taken for a ride..???
 

500 euros per month?? No, that can't be right... OR yeah, you are being ripped off. Sorry, I have not lived in Germany for a long time so I don't really know what you can do but 500 EUR is just too low. I lived in Niederrad/Frankfurt in a 3 bedroom apartment on the 8th floor and we paid more...

I guess you could raise the rent. You have enough reasons (1200 sqmt, barn, outside buildings etc.)

Re: Am I being taken for a ride..???
 

Your message is a bit vague. Why dont you like living there anymore? A two family home, do you mean a double house? If you are renting off a complete house (eg semi detached) then 500 Euros is too cheap. I read your message as having a double house of which you let off one of them and have divided the other into 2 flats?

Re: Am I being taken for a ride..???
 

I don't live in Germany, but my daughter does. I'd love her to have such a large house/appartment for 500 € per month, if she happened to be near Frankfurt, that is..... She's paying almost 300 € for a room in a flat-share in Berlin.... So, it does seem that you aren't asking enough.:blink:

Re: Am I being taken for a ride..???
 

There is a thing called the "Mietspiegel" a comparison of rents in the area, you can get it from the Mieterverein or rentclub, that will tell you for sure if you are being taken for a ride or not.

Re: Am I being taken for a ride..???
 

They are taking the piss trust me. I have lived here long enough to know that. Since 1985 EX Army and i speak German and i have in Germany kaufmann as a Qualification. Who cares?, just want to say that for so many QM you should get at least 700 COLD.. If not more!!

Re: Am I being taken for a ride..???
 

The people renting that size of a property for so little must think it's Christmas every day. You really need to speak to someone in the property business who can set you right on all the relevant issues. Once your tenants and yourself have signed the tenancy agreement ( vetrag ) then i'm sure you can't hike up the cost as and when you feel like. Like i said, seek advice from a lawyer or a property agent who deals in tenancies.

BTW, if you have a similar property in the Bielefeld region i'll rent from you. :p

Re: Am I being taken for a ride..???
 

:rofl::eek::lol::lol::D:rofl:

Wait, seriously?

In that area, 500 euros would rent one a freaking one room, kitchenette, shower apartment, cold. Utilities on top of that.
You're being taken for a ride big time.

Re: Am I being taken for a ride..???
 

Hi, well it depends where exactly this property is!
I am from Germany and was born close to Frankfurt. but the Rhein Main Area is quite large...

Can you tell us exactly where the place is and if its an apartment or an attached house?

You can PM me if you like.

I would definately speak to someone who can translate the Mietspiegel for you. But you should also expect the Mietspiegel only to be a measurement - dont see it as a bible. You can usually make more money on the market than the Mietspiegel is recommending! Especially in the Rhein Main Area.

Good luck!

Re: Am I being taken for a ride..???
 

Please clarify the situation because you have rambled and what is being rented out is not at all clear.
You talk about a 2-Familienhaus then about an apartment then a 4-bed house with outside space and barns.... what is it that you are renting out???
How many rooms, with what floor area, in what kind of building, does it have a balcony, garden-use, etc...?

Re: Am I being taken for a ride..???
 

Why did you move to germany in the first place buddy?

Re: Am I being taken for a ride..???
 

You might find it useful to join the local home owners association (Hausbesitzerverein). They might be able to give you some advice.