Increasing Rent in Phoenix

[Cody Murray]

I currently have two Single family detached. The Current Market rate is $2,200/month for both homes.

Property A: Tenant has been there for two years. We rented home at top of market for $1700/month. (We didn't increase rent during 2020)

Property B: Tenant has been there for one year. We rented at top of market for $1,950/month 

Both properties are now on a month-to-month contract. 

with the real estate market going crazy in the Phx area we haven't been keeping up with rent increases. 

- Thoughts on how to increase the rent to a place that is closer to market value?