Rent increase
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Rent increase (by Diahann [MD]) Sep 16, 2021 1:25 AM
       Rent increase (by Robert,OntarioCanada [ON]) Sep 16, 2021 5:57 AM
       Rent increase (by Jason [VA]) Sep 16, 2021 10:10 AM
       Rent increase (by MAP [NY]) Sep 16, 2021 10:46 AM
       Rent increase (by Oregon Woodsmoke [ID]) Sep 16, 2021 10:48 AM
       Rent increase (by T [IN]) Sep 16, 2021 11:15 AM
       Rent increase (by plenty [MO]) Sep 16, 2021 12:00 PM
       Rent increase (by Bonanza [NC]) Sep 16, 2021 1:57 PM
       Rent increase (by Alan [CA]) Sep 16, 2021 3:28 PM
       Rent increase (by WMH [NC]) Sep 16, 2021 4:33 PM
       Rent increase (by Colleen [MD]) Sep 17, 2021 5:54 PM
       Rent increase (by Colleen [MD]) Sep 17, 2021 6:00 PM

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Rent increase (by Diahann [MD]) Posted on: Sep 16, 2021 1:25 AM
Message:

I'm coming up a lease renewal. How much do you raise your rent? Thanks

--174.251.xx.xx




Rent increase (by Robert,OntarioCanada [ON]) Posted on: Sep 16, 2021 5:57 AM
Message:

Most rent increases are based upon the annual increase in the consumer price index which is based on annual inflation rate. Now that inflation is back a increase every year to keep even with inflation. Consider joining a landlords association where google to find as every province, state has different landlord and tenant act. --99.236.xxx.xxx




Rent increase (by Jason [VA]) Posted on: Sep 16, 2021 10:10 AM
Message:

It all depends on your market. If it's a turnover, raise it to market value. If a renewal, I use an automatic 2.9% built into my lease. If the tenants are a PITA, swing for the fences. --73.177.xxx.xx




Rent increase (by MAP [NY]) Posted on: Sep 16, 2021 10:46 AM
Message:

I will be doing 3% increase for my renewals this year --174.208.xx.xx




Rent increase (by Oregon Woodsmoke [ID]) Posted on: Sep 16, 2021 10:48 AM
Message:

I saw online that the current inflation rate is over 8%. The official government inflation rate is 1.2%

I suspect that the 8% is low.

Very likely, your property taxes will be up due to local government Covid costs. I've received a notice that my insurance is going up by 25%.

Add it all up. If the tenant doesn't pay the increases, then you are subsidizing the tenant's living expenses out of your own pocket. --76.178.xxx.xxx




Rent increase (by T [IN]) Posted on: Sep 16, 2021 11:15 AM
Message:

3% will NOT cut it. Raise it more....

1. Look at your market.

2. see a lack of rentals, raise it 10% or get it in line with the market.

From 12 months ago, I"m up almost 20% on turnovers.... --76.77.xxx.xxx




Rent increase (by plenty [MO]) Posted on: Sep 16, 2021 12:00 PM
Message:

I'm asking $100 to $120 increase for my hud/section 8 leases and getting it. --172.58.xx.xx




Rent increase (by Bonanza [NC]) Posted on: Sep 16, 2021 1:57 PM
Message:

I've upped them $25-30. but I just had an applicant from an apartment complex who says her rent is going from $1000 to $1300 on the new lease. I thought that was eye opening. --71.217.xxx.xx




Rent increase (by Alan [CA]) Posted on: Sep 16, 2021 3:28 PM
Message:

Our local Rental Property Association recently notified the members that rental increases up to 9% are permitted in our CA county. --71.198.xxx.xxx




Rent increase (by WMH [NC]) Posted on: Sep 16, 2021 4:33 PM
Message:

Sent notice to my oldest tenants to name their own rent increase. One went up $200, knowing it was STILL $200 less than the new people are paying and we said GREAT.

Second one said "Can we meet and talk about it?" and I *KNOW" he is going to want to paint or something. He always does. But the place is pristine, paint is great so ... --50.82.xxx.xxx




Rent increase (by Colleen [MD]) Posted on: Sep 17, 2021 5:54 PM
Message:

Diahann, check with the local county for any rent control and/or limitation due to Covid/Pandemic Emergency period. For example, PG Co limit to 2.6% during, and Howard Co is not allowed for rent increase during the Emergency (by state). --173.79.xx.xx




Rent increase (by Colleen [MD]) Posted on: Sep 17, 2021 6:00 PM
Message:

Otherwise, I have increased according with the current/recent inflation rate %. For a turnover, the price is adjusted according with the market. Mine was 9.5% for a recent turnover. --173.79.xx.xx



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