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Updated over 1 year ago on . Most recent reply

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Justin Brin
  • Investor
  • Los Angeles, CA
65
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165
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How often will you raise rent for your tenant and how much?

Justin Brin
  • Investor
  • Los Angeles, CA
Posted

How often you will raise rent for you tenant and how much?

If you have a good tenant will you raise his rent if the market rent went up?

Will you raise his rent to market rent or keep it below market rent to incentive him to stay?

Most Popular Reply

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Julie Hartman
  • Property Manager
  • Denver, CO
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667
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Julie Hartman
  • Property Manager
  • Denver, CO
Replied

We raise once per year, generally. Taxes, insurance, and HOA typically increase so raising rent to cover those costs is not unreasonable. Keeping the increase just under market to keep a good tenant usually works out fine too.

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