Quote from @Collin Hays: Quote from @Chris Seveney: As you mentioned it is very easy to see why revenues are down when you are back to 2018 or 2019 (i.e. pre-COVID levels), but the number of units has increased substantially.

I’m curious about if and how property tax increases will happen.

You can justify a rent increase.3.

They are more volatile:  They increase in value percentage wise more than other classes in boom times, and decrease in value more in difficult times than other classes.I have owned four condos, two residential and two commercial, for more than 30 years and have no regrets.

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. 

@Alex Morales - I noted your comment "2.

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