Advise on how to raise rents
I want to raise my rents of my current tenants in my duplex as they've been with me for 2+ years. I have my tenants sign a 1 year with a month-to-month after they've fulfilled their first year and usually most do not stay longer than the second year. So historically this hasn't come up, but my current tenants are going on 2-3 years and with property values raising here in Florida so are my property taxes. To recoup the increase I was thinking of moving the rent needle 20-50 a month. I do not have any verbiage in my lease covering rent increases. Any advise how i can legally go about this?