how much to raise rent
Have a rental property in Phoenix metro area. Rents have risen quite a bit in the past 3 years and i have not increased their rent but am considering raising it when it comes up for renewal this spring. How much should I raise the rent ? I'm currently about $120 less than the cheapest rental on the market today but I don't want to freak them out with a huge increase. Any suggestions on what to do ?
George.