Have you raised rents due to property tax increases this year?
Almost each of my properties went up by $100 a month more added to my mortgage payment due to rising property taxes (I pay my insurance and taxes through escrow).
As tempted as I am to pass the expense on to my tenants, I'm also wary of them moving out as a result which would cost me even more (vacancy, turn over repairs, time, hassle, etc.).
At the same time, paying the extra few hundred bucks a month out of my own pocket doesn't exactly sound like a great option either.
Option A: Leave rents the same...
Option B: Split the rent increase with them...
Option C: Or pass the full rent increase along to all of them?
Option D: If any of them balk at the rent increase I could decide to back out of the rent increase as well by telling them I've decide to not increase the rent after all, etc. The concern here is I try to keep my hassle free pay on time tenants. If they decide to look as a result of the increase and find a better deal, I've lost even more money and time, not to mention added a lot more hassle to my life trying to turn the property again...