Inflation and rent raise
Hello,
I was wondering how other investors are dealing with the inflation in terms of passing it on to their new leases? With an 11% of rental inflation rate in California, I feel it's too much to pass it on to my tenants (the maximum allowed is 10% anyway). On the other hand, I do get the effects of it... How are others dealing with it?
Does anyone know of a reliable source of rental inflation rate per city or county?
Thanks.