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Updated almost 7 years ago,
Looking to raise rent on my Denver SF House rental property
I currently own a rental in Northglenn Colorado a Northern suburb of Denver CO. Its a 2k sqft, SF home with 4 bedroom, 2 bath, 2 car garage, large backyard with a large storage shed. It is an older home that we lived in for 16 years but remodeled the kitchen and both bathrooms before we moved out and made it a rental. The house even has solar on it so the renters do not have a monthly electrical bill except for $16 to stay connected to the grid. I also have a lawn service to maintain the lawn. I am currently charging $2100 a month for rent. They have been in there for 2 years, i have auto deposit setup for the monthly rent so they have not missed a payment. They are kind of hard on the house. No holes in the walls but their version of clean and tidy is not mine. That and their 2 dogs have scratched up the new interior doors i just put in as well. Would a rent hike of $200 a month which would take it to $2300 month be out of line for the current Denver market? Thoughts or suggestions please?