Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago on . Most recent reply

User Stats

2
Posts
0
Votes
Tony Sierra
0
Votes |
2
Posts

increasing rent for tenant

Tony Sierra
Posted

Hello my fellow BPers. 

Please share your wisdom on my situation. I have a duplex, live on the 1st floor (2 beds, 1 bath) (soon to rent out)  and my tenant lives on the 2nd floor (1 bed, 1 bath). 

As we know, inflation has increased in all aspects except for the COSTCO ROTISSERIE CHICKEN. Currently, my tenant pays: 

1. water - fixed at $50/month. Water bill increased.

2. rent - $950/month + 50/month (dog) (rent has not been increased for 2 years)

I pay for gas and heat, I'm going to increase rent and would it be to increase the water due to the new expense. I would say fair would be 1050 (rent) + 50 (dog) and increase water by $10 dollars ($60/month). Yes, this would line up with the COMS in my areas. 

Thank you.

Tony

Loading replies...