Rental increase strategy

[Jonathan Buelow]

What are ways you have seen landlords calculate rent raises?

I plan to raise rent by 2% yearly, and round to the nearest $25. After that, I will re-evaluate every 5 years based on local rent. I've asked for others opinions and their fears are it won't look consistent to the renter and accountants. I'd like to hear others' opinions on this tactic.

Thanks!

[Greg M.]

Here are my steps: 

1) Check market rent.
2) Adjust current rent based on market rent.