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Updated about 6 years ago on . Most recent reply

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Oleksandr Ivanovskiy
  • Rental Property Investor
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Whats is the sufficient Rent increase

Oleksandr Ivanovskiy
  • Rental Property Investor
Posted

I have not raise the rent for 2 years. I am debating for how much I have to raise it. Any suggestions?

  • Oleksandr Ivanovskiy
  • Most Popular Reply

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    Guifre Mora
    • Lender
    • San Diego, CA
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    Guifre Mora
    • Lender
    • San Diego, CA
    Replied
    Originally posted by @Oleksandr Ivanovskiy:

    I have not raise the rent for 2 years. I am debating for how much I have to raise it. Any suggestions?

     

    A good rule of thumb: don't raise the rent by more than 5% per year. Any more and the sharp rent increase often jolts the tenant into moving – even if you're raising the rent no higher than nearby market rates

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