Raising Rent Annually In Kansas City: Percentage
I'm attempting to run my numbers with the variable of raising rent each year. I'd like to hear from landlords what percentage people in Kansas City and other like cities use to raise rents annually.
Off the top of my head, I remember hearing between 3-5%. To me, that is keeping up with inflation if you're closer to 3%, so I'm thinking 5-6% is probably more appropriate with rising taxes, cap ex, etc, etc.