Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Managing Your Property
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago on . Most recent reply

User Stats

120
Posts
26
Votes
Ramki D.
  • New to Real Estate
26
Votes |
120
Posts

How much rent can i increase for next lease renewal - CA- SAC

Ramki D.
  • New to Real Estate
Posted

Hello Landlords,
I am planning to manage this rental from next lease renewal (3rd renewal, starts from March 1st, 2022 - Feb 28th, 2023) onwards. Current rent is 2180$ (tenant pays all utilities approx ~150-200$). This is a brand new 2020 home, 1932sq.ft, 4 bed (down stairs bed room with full bath) and 3 bath.
1st Year - 2020, March, 1st - 2150$
2nd Year - 2021, March, 1st - 2130$ (decreased 20$ due to pandemic)
3rd Year -2022, March, 1st - How much rent I can reasonably increase? all the homes in this area are listed for 2800$ + utilities (I have used online rent estimate tools like Avail,Rent-O-Meter, Zillow)

I am planning to increase 150$ per month which brings monthly rent to 2280$. $150 is too low or too high? any thoughts or suggestions really help me.

Thanks in Advance - RK

Most Popular Reply

User Stats

1,581
Posts
743
Votes
Mark Pedroza
  • Real Estate Agent
  • Sacramento/Placer ~ San Francisco Bay Area counties
743
Votes |
1,581
Posts
Mark Pedroza
  • Real Estate Agent
  • Sacramento/Placer ~ San Francisco Bay Area counties
Replied

@Ramki D.

These may be tedious to read but here's the current residential rent control law(s) in CA:

 https://leginfo.legislature.ca...

http://costa-hawkins.com/what-...

Iv'e always considered Natomas as North Sacramento..

Loading replies...