Updated almost 3 years ago on . Most recent reply
Is it OK to increase rent by 12%?
I have had these tenants for the past 6 years, always pay on time and low maintenance folks. I have held off on increasing rents for a couple of years in the past due to COVID but I can't absorb the rising insurance and HOA costs anymore.
I have to increase the rent by 12% to stay on the right side of things financially.
Is that OK to do so?
Thanks!
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Michael Haas
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@Anudeep Pradhan please give the city and state your rental is located - otherwise no one here can give you specific or actionable advice! And the people in that local market will be able to find your post and contribute, or learn from the answers. Everyone is here to help if you give us enough information to!
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