Adjusting Lease Renewals for Inflation

[Jennifer Arton]

I come from more of a commercial background but now only residential. 

Typically, in Commercial leases you have yearly increases based on the CPI.. right now it's 6.2% for the last year!

CPI Home : U.S. Bureau of Labor Statistics (bls.gov)

EVERYTHING IS UP! So, in order to keep up with my expenses and ROI, I feel like it's only fair to pass that increase on to the tenants, if the law allows it. So my questions is how are you all going about raising the rent in this unprecedented era, I mean no generation has gone through what we are going through with the scamdemic, etc..

I am not a fan of gouging the tenants, especially mine who are good rent paying tenants, but at the same time, I don't want to lose money... We are going to see record inflation in the next year, how do we as landlords recoup that and keep our good tenants? TIA for ideas and suggestions. 

Side note: my leases the tenants all pay their own utilities