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Reply to "Landlords: What percentage average rent increase is reasonable in our area?"
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[quote=Anonymous][quote=Anonymous]I have not increased rent for 3 years since my tenants moved because we don't want the trouble of looking for a new tenants. Now with market up so is the property tax. We are thinking to increase the rent a little. Is 4% or 5% increase reasonable after unchanged for 3 years? What percentage average rent increase is reasonable in our area? Thanks![/quote] It depends - do the search, see what's available on the market, what similar property are renting for. Then decide.[/quote]
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