anacostia rent increase was 7% for us.

Anonymous wrote:

Anonymous wrote:Landlord here, we always put a clause in the lease contract that we will increase rent by 3% or more upon renewal after one year. We’ve usually stuck to 3 percent or slightly less, but at least the tenant is aware of that at signing and one year ahead of time so that there are no surprises.

+1
I do the same thing, but the increase is 4%. If the tenant is really good, I'll waive the increase after the lease expiration (12 months), but will increase the following year.

It's much better than having a conversation every year about a rent increase. So it's expected or it ends up being a relief if I there is no increase.

Totally agree.

Anonymous wrote:Landlord here, we always put a clause in the lease contract that we will increase rent by 3% or more upon renewal after one year. We’ve usually stuck to 3 percent or slightly less, but at least the tenant is aware of that at signing and one year ahead of time so that there are no surprises.

+1
I do the same thing, but the increase is 4%. If the tenant is really good, I'll waive the increase after the lease expiration (12 months), but will increase the following year.

It's much better than having a conversation every year about a rent increase. So it's expected or it ends up being a relief if I there is no increase.

Landlord here, we always put a clause in the lease contract that we will increase rent by 3% or more upon renewal after one year. We’ve usually stuck to 3 percent or slightly less, but at least the tenant is aware of that at signing and one year ahead of time so that there are no surprises.

even on voucher programs, rent is going up because the inspections on voucher programs are more strict and want you to do a lot of others things that were not allowed before.

In DC - they did not increase our rent for 3 years. We also did not on our condo we were renting out for 2 years. Bozzuto of course increased it like you guys.