Long time tenant but it's time for an increase

[Kay Hart]

I have a husband and wife tenant who has been renting for us for over 6 years at the same rent. It is however time for a rent increase.

I know they will not be happy, But rents in our area has skyrocketed and even though I want to be nice to them I have to be fair to me as I know I can get a 50% increase if they were to leave the apartment

Any ideas on how to approach this subject.

[Glen Wiley]

Best practice is to raise then rent every year, even if it is a small amount.

Be kind but firm and explain the market to them. If they are upset then don't let it get to you, you run a business not a charity.