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Updated over 3 years ago on . Most recent reply

Noah McPherson's profile image
Noah McPherson's profile image
Noah McPherson
  • Rental Property Investor
  • from Duluth, Mn
  • Member since Apr 6, 2021
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Noah McPherson's profile image
Noah McPherson's profile image
Noah McPherson
  • Rental Property Investor
  • from Duluth, Mn
  • Member since Apr 6, 2021
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Noah McPherson
  • Rental Property Investor
  • Duluth, Mn
34
Votes |
120
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Managing Your Property

Annual rent Increase

Noah McPherson
  • Rental Property Investor
  • Duluth, Mn
Posted

How much do you guys raise your rents annually? I have the opportunity to write a percentage increase into my lease. What's fair?

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Joe Martella's profile image
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Joe Martella
  • Rental Property Investor
  • from Cherry Hill, NJ
  • Member since Jun 11, 2015
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Joe Martella's profile image
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Joe Martella
  • Rental Property Investor
  • from Cherry Hill, NJ
  • Member since Jun 11, 2015
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Joe Martella
  • Rental Property Investor
  • Cherry Hill, NJ
496
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626
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Joe Martella
  • Rental Property Investor
  • Cherry Hill, NJ
Replied

I work the same as @JD Martin.  As long as the property is performing.  Yeah, if they are a PITA the rent can encourage them to leave, but with turnover there is costs that may take some time to recover.  

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