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Updated about 6 years ago,
Nuisance rent raises.. are they worth it??
Hi guys, I am new to the landlording thing. I have 7 units now and they've all been very successful. almost no vacancy. I read hear and in books about how you should always raise the rent each year. I tend to agree because of inflation.
However if you have very good tenants, and you are already basically charging market price for the rent, I think you may annoy your tenants over time to actually find a new cheaper rental.
Curious what the thoughts are on this, do you ALWAYS raise your rent by 1-3%, or are some of you just keeping it the same on your quality tenants that you have very little problems with ?