You can justify a rent increase.3.

One final consideration, I'm truly unclear on the legal/illegal perspective of these topics.

We typically do a minimum 3% increase, then we hold larger increases for turnovers or every 3-4 years.

But the insane tax increases in Jackson County, Missouri (Kansas City) were deemed illegal:"Missouri’s State Tax Commission ordered Jackson County to roll back its 2023 property tax assessments, which raised homeowners property assessments by an average of 30% and more than 100% in some cases.

Aligning increases with tax hikes is key.

I have them conditionally formatted so the dates turn increasing red as we approach the date in the cell. 

Rents should increase soon and maybe you will not feed the beast much more.

Would appreciate any pros/cons and or other considerations from anyone who has gone through this before.

I’m hoping to learn from real-world setups and the considerations behind them.If you’re willing to share, I’d appreciate details on:Policy structure (HO + rider / landlord / umbrella / dedicated STR)Carrier(s)Annual premium (ballpark)Property type & stateApprox.

There are three common approaches, but the best strategy blends them:What typically works best:- Small predictable annual increases (2–5%) Tenants expect it, it prevents large jumps, and it keeps rent closer to market over time.- Market realignment at turnovers When a tenant moves out, reset to true market value.- Context matters - If tenant is excellent then prioritize retention with reasonable increases