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[quote=Anonymous][quote=Anonymous]You have a horrible mistake with significant financial consequences.  Rent should increase with inflation. People typically get raises annually and everything gets nominally more expensive annually.  Small rent increases annually are expected and well tolerated.  Large increases are pain points.  You have also set expectations that rent won’t be increased.  You have in a way forced your good tenant out.

To make it worse since your own property expenses have increased you have I actually been lowering rent the rent steadily over the years.

$100 per month annual rental increase starting 5 years ago has deprived you of over $20,000 so far.  Assuming you corrected that mistake right now it will have cost you (using a 6% return) $36k in 10 years and $64k in 20 years,  if I use 8% instead of 6% the loss amplifies to a $100K mistake.

This going to sound very harsh, but you should consider selling this property.  Unless that money is literally meaningless for you, the financial mistakes that you are making are too expensive for this to continue as a hobby for you.

[/quote]

Where did you learn math? DC schools?  :lol: 
Did you even consider the cost of rerenting a unit?
BTW NOYFB.[/quote]

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