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Updated over 3 years ago on . Most recent reply

Alan Bosca's profile image
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Alan Bosca
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Alan Bosca's profile image
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General Landlording & Rental Properties

Determining Rent Increase Amount

Alan Bosca
Posted
Is there any good resource on a fair rent increase for beach properties in the Santa Monica area?  Any input into how best to determine that appreciated. 
Los Angeles County, California
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Nathan Gesner
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ModeratorReplied
Quote from @Alan Bosca:
Lol - thx.  Yes, just trying to see if there is any % people like to bump up existing tenants.

 If you increase rent every year, 3% is probably sufficient. If you get more than 10% behind market, then you have to be more aggressive to catch up.

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