Lease Renewal Incentives

[Michael Williams]

We have great tenants, they've been with us for almost a year now. This property is located in Sacramento, its 5 min south of downtown in a great area. They haven't missed a payment and they keep the property in great condition. We would like to have them sign another year lease, how much should we increase the rent ($25-$100)? And what kind of incentive can we offer them to make the deal better for them?