I Pay Utilities, Should I Raise Their Rent?

[Benjamin Knisely]

I recently remodeled a 2 bed/1 bath unit and have just put it up for rent for $1100/month. I pay all utilities except for electric.

Can/Should I raise the rent a little bit if more than two people want to move in(maximum four people)?

My thinking is that four adults will cost a lot more in utilities, but I’m not sure if raising rent is something commonly practiced when there are extra tenants.