Higher price for month to month?

[Lindsey Vargas]

My tenants lease is ending and I told them I am going to raise rent by $50. (Gave a 60 day notice)

They have requested to be month to month in case the market crashes and they can buy a house.

I think I’m fine with them going month to month, but should rent be even higher now?

They pay $1200 a month, and market rent has gone up to $1400 a month.

Was only going to charge them $1250.

But now I feel like I should charge $1300 for month to month.

Is this reasonable?