Anyone raising rents now?

[Anthony Vander Meer]

I purchased an apartment building just before Covid hit in upstate NY. Rents are well below market and the plan was always to raise them but for obvious reasons I haven't yet. My market seems pretty tight so I if some leave I should be ok. Most tenants have been there 5+ years so I'd like to keep them is possible. Long story short anyone currently raising rents and would you in my situation?

[Samantha Dowd]

I raised rent on a few of my properties before Covid, but I wouldn't raise anything else during this time.  You are running a business but there is something to be said for social responsibility and you don't have to choose between the two to be successful.  I feel like it has worked out fine for my family and I to be successful investors and still care about the impact of the decisions we're making.  Many states have orders to stop landlords from raising rent at this time anyway.