Landlords: What percentage average rent increase is reasonable in our area?

[Anonymous]

Anonymous wrote:In the longterm, not raising the rent can be a disservice to not only the landlord, but also the TENANT. If a tenant stays in an apartment for an extended period of time, without any rent increases, when the time comes for them to move out, they may be unable to budget for a normal market rate at another rental.

I'm a tenant and I find this hilarious.

[Anonymous]

Anonymous wrote:In the longterm, not raising the rent can be a disservice to not only the landlord, but also the TENANT. If a tenant stays in an apartment for an extended period of time, without any rent increases, when the time comes for them to move out, they may be unable to budget for a normal market rate at another rental.

Yes everyone, we are doing a favor to the tenant to raise their rent. You are absurb!

[Anonymous]

I think there are a lot factors that go into deciding to raise rents. As others have said, if you have a good tenant who pays on time and is no hassle, raising their rent may not be worth it. A lot depends on what your expenses are and whether you are just renting to cover those expenses or are trying to draw some income from the rental.

[Anonymous]

Anonymous wrote:Does your bank increase your mortgage on an annual basis? How would you feel if it did? The rent should be locked into the amount that's on the lease. Raise the rent after the tenant moves out.

Duh.

[Anonymous]

Anonymous wrote:You've had the same tenants for three years? If so, if they pay the rent on time and are not bothersome I would not raise the rent on them.

+1 I would only raise the rent if you were losing money.

[Anonymous]

Anonymous wrote:

Anonymous wrote:In the longterm, not raising the rent can be a disservice to not only the landlord, but also the TENANT. If a tenant stays in an apartment for an extended period of time, without any rent increases, when the time comes for them to move out, they may be unable to budget for a normal market rate at another rental.

I'm a tenant and I find this hilarious.

I was a tenant for a long time, and I also find it amusing. Clearly RENTERS can't be expected to understand things like money and budgeting without the assistance of friendly landlords!

[Anonymous]

I didn't raised the rent for my tenant after the first year even when my property tax, HOA fee, and insueance all went up. After the second year, I raised the monthly rent by $45.

[Anonymous]

How many times do you hear people complain about the annual rent increases at the big apartment complexes? It's one of the reasons some people like to rent from private owners. They expect to be treated better and valued for paying the rent on time and being a good tenants for years on end.

[Anonymous]

raise it every other year. if i lost my current tenants I could easily rent my house out for an additional $400 more than I'm currently getting but I would never ask them to pay that increase.

Didnt raise it last year but will at the next renewal by $100. current rent is $3600.

[Anonymous]

Anonymous wrote:How many times do you hear people complain about the annual rent increases at the big apartment complexes? It's one of the reasons some people like to rent from private owners. They expect to be treated better and valued for paying the rent on time and being a good tenants for years on end.

This. There are a lot of nice things about living in managed buildings - prompter on site repairmen, etc. it can be annoying to rent from an individual owner in many as, and what offsets it is your rent goes up less.

[Anonymous]

Anonymous wrote:In the longterm, not raising the rent can be a disservice to not only the landlord, but also the TENANT. If a tenant stays in an apartment for an extended period of time, without any rent increases, when the time comes for them to move out, they may be unable to budget for a normal market rate at another rental.

[Anonymous]

Anonymous wrote:Does your bank increase your mortgage on an annual basis? How would you feel if it did? The rent should be locked into the amount that's on the lease. Raise the rent after the tenant moves out.

My taxes sure as hell go up every year.

[Anonymous]

Anonymous wrote:

Anonymous wrote:How many times do you hear people complain about the annual rent increases at the big apartment complexes? It's one of the reasons some people like to rent from private owners. They expect to be treated better and valued for paying the rent on time and being a good tenants for years on end.

This. There are a lot of nice things about living in managed buildings - prompter on site repairmen, etc. it can be annoying to rent from an individual owner in many as, and what offsets it is your rent goes up less.

Too many moron renters on here trying to make up bs. Landlords, RAISE the rent every year to be in line with the market IF you have a decent place in a sought after location.

[Anonymous]

Raise it the same percentage as your tax increase was, as well as any insurance increase. The property needs to at least cover it's own expenses.