Anonymous
Post 01/25/2025 12:59     Subject: Annual rent increase
Housing a crappy tenant is expensive. 10 percent increase may not cover it but at least if they leave the blood pressure goes back to normal.
Anonymous
Post 01/25/2025 12:53     Subject: Annual rent increase
Anonymous wrote:My management company makes recommendations every year based on the market. Generally, they recommend 3-4% but we have a long-term tenant that takes good care of the place, she is a reliable and responsible tenant, and during COVID she never missed a rent payment. Therefore, we keep her increases low, and some years have stayed the same. It's worth a lot to have a good tenant that pays and doesn't cause issues. I would take several factors into account when setting increases, one being how badly you want to keep the tenant - or not.


This. If you have a great tenant and raise 10 percent every year you're being penny wise and pound foolish. On the flip side, if the tenant sucks feel free to jack up the rent.
Anonymous
Post 01/25/2025 12:52     Subject: Annual rent increase
Anonymous wrote:My management company makes recommendations every year based on the market. Generally, they recommend 3-4% but we have a long-term tenant that takes good care of the place, she is a reliable and responsible tenant, and during COVID she never missed a rent payment. Therefore, we keep her increases low, and some years have stayed the same. It's worth a lot to have a good tenant that pays and doesn't cause issues. I would take several factors into account when setting increases, one being how badly you want to keep the tenant - or not.



Yes!!! This is exactly right. Good tenant? No increase. Crappy tenant, rent increase as much is as reasonable and hope they get the hint.
Anonymous
Post 01/25/2025 10:20     Subject: Annual rent increase
My management company makes recommendations every year based on the market. Generally, they recommend 3-4% but we have a long-term tenant that takes good care of the place, she is a reliable and responsible tenant, and during COVID she never missed a rent payment. Therefore, we keep her increases low, and some years have stayed the same. It's worth a lot to have a good tenant that pays and doesn't cause issues. I would take several factors into account when setting increases, one being how badly you want to keep the tenant - or not.
Anonymous
Post 01/25/2025 09:41     Subject: Annual rent increase
Depends on market … recently, bc of rising rents, 10% each year.
Anonymous
Post 01/23/2025 19:48     Subject: Annual rent increase
We raise 10% each year.
Anonymous
Post 01/23/2025 18:06     Subject: Annual rent increase
7-10% for different properties
Anonymous
Post 01/23/2025 08:25     Subject: Annual rent increase
In DC, it has been consistently more than 6-7% with my properties.
Anonymous
Post 01/22/2025 14:49     Subject: Annual rent increase
We are renting a sfh that we own this year. If our 100 percent reliable tenants want to stay another year, we probably will not increase it. After 2 years, we might increase by 5%.
Anonymous
Post 01/21/2025 23:54     Subject: Annual rent increase
I typically increase rent annually no matter what (costs increase). I might increase by 2% if it's a great tenant that I want to keep or 10%+ if I am looking to shake a bad tenant.

I have also decreased the rent to keep a great tenant. I"ll also get birthday and holiday gifts for great tenants.

An extra $50 or $100 bucks a month isn't going to make or break my rental.
Anonymous
Post 01/21/2025 15:52     Subject: Annual rent increase
I build in a 2% a year increase during the lease term, and then increase the rent to market value at the end of the lease.
Anonymous
Post 01/21/2025 14:31     Subject: Annual rent increase
Anonymous wrote:I determine my rental properties rent after looking at my competition rental rates.
Usually I put it few hundred dollars cheaper to get more applicants.
I only increase it during tenant turnover and the biggest rental increase came after COVID and now it seems stable.


I do similar. I might raise it $50-$75 a month every other year or so for existing tenants but increase it several hundred dollars at turnover.
Anonymous
Post 01/21/2025 11:38     Subject: Annual rent increase
I determine my rental properties rent after looking at my competition rental rates.
Usually I put it few hundred dollars cheaper to get more applicants.
I only increase it during tenant turnover and the biggest rental increase came after COVID and now it seems stable.
Anonymous
Post 01/21/2025 08:54     Subject: Annual rent increase
Depends on inflation so there is no typical. Lately, though, the increase has been astronomical- between 8-10 percent.
Anonymous
Post 01/21/2025 08:45     Subject: Annual rent increase
If you rent or have rental property, what percent do you typically see rents increase or raise rent each year?