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Updated over 7 years ago,
Raising Rent in SoCal
Hello everyone! I am looking into raising rent for our single family rentals in Southern California. I have not raised rent in 2 years.
I have never raised rent before so want to make sure I send the appropriate paperwork etc.
From my understanding I need to send a 60 day notice before I can raise rent? Is that still the case? I'm thinking of increasing it by $50/month. A realtor mentor told me to do only $25. They are great tenants but the current rental rate is grossly below market rates.
Thank you!