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All Forum Posts by: Anudeep Pradhan

Anudeep Pradhan has started 3 posts and replied 14 times.

General Landlording & Rental Properties

Post: Is it OK to increase rent by 12%?

Anudeep PradhanPosted
  • Posts 14
  • Votes 1
Quote from @Michael Haas:

@Anudeep Pradhan please give the city and state your rental is located - otherwise no one here can give you specific or actionable advice! And the people in that local market will be able to find your post and contribute, or learn from the answers. Everyone is here to help if you give us enough information to!


 The city is Chatsworth, CA 91311. Thank you Michael.

0 Votes
Los Angeles County, California
General Landlording & Rental Properties

Post: Is it OK to increase rent by 12%?

Anudeep PradhanPosted
  • Posts 14
  • Votes 1

Thank you all. Appreciate your responses and inputs.

0 Votes
Los Angeles County, California
General Landlording & Rental Properties

Post: Is it OK to increase rent by 12%?

Anudeep PradhanPosted
  • Posts 14
  • Votes 1

Thanks everyone for your quick responses and inputs. It is very helpful and I have to strategize on my approach with my tenant. Appreciate your help!

0 Votes
Los Angeles County, California
General Landlording & Rental Properties

Post: Is it OK to increase rent by 12%?

Anudeep PradhanPosted
  • Posts 14
  • Votes 1

I have had these tenants for the past 6 years, always pay on time and low maintenance folks. I have held off on increasing rents for a couple of years in the past due to COVID but I can't absorb the rising insurance and HOA costs anymore.
I have to increase the rent by 12% to stay on the right side of things financially.

Is that OK to do so?

Thanks!

0 Votes
Los Angeles County, California