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Updated almost 2 years ago,
Raising Rent for SFH
For my two SFH I need to raise the rent this June 2023 on both. Mainly to cover the cost of inflation and for the Florida home, the insurance down there is going bonkers and I need to recoup that cost as well. I honestly want to raise the rent to $200 per property but on the Florida SFH I just raised it $100 last year. Is there a rule of thumb out there for this or anyone have some wisdom from past experience? I don't want to brake my tenants and I want to be mindful that they are probably just trying to survive this outrageous inflation as well. TIA!