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Updated over 8 years ago,
Increasing Rent - how often/how much?
Just curious if there is a rule of thumb when it comes to increasing rent. How often do you increase rent, by what percent, and how is the increase communicated to your tenants - meaning do you tell them what the increase is going towards or is that just an expected cost to being a renter? Lots of questions I know :) we're coming up on a one year anniversary for our first rental and would like some thoughts. Thanks!