How much do you increase your rents annually in San Antonio?

[Account Closed]

National average annual rent increase is 3.4%...who's raising rents annually in San Antonio area more than that?

[Brad Larsen]

By default - we raise the annual rent 2% for renewals.  This is documented up front so it's known and expected by tenants.  When questioned, we help them understand that every year the owner's taxes and insurance always go up.  In some cases, taxes go up a lot more than 2% if you don't pay attention.  The local taxing authority plays the game of "who is paying attention" and will blanket send out Property Tax hikes of 10%, 15%, 20%.....whatever they feel they can get away with and then deal with the 20% of the folks that complain.  The old 80/20 rule.  They will F over the 80% not paying attention and deal with the fallout of the 20% who are....and still win HUGE in the end.  Atleast we don't run with a large deficit!