Why not try to make a deal with him for 7.5% increase and explain how inflation has also tightened all your numbers.

Even then having things in writing up front doesn't preclude a strained relationship later.I really dislike the option of investing somewhere you don't know.That brings me to your third option, mostly by default, even though it means waiting.

Explain you are fair, but consistent and firm and you will follow through on the lease provisions and expect them to do the same.What things are the tenants responsibilities such as air filters changes or even small repair like tighten

The fed will keep tightening for the next few months with its effects lagging behind. 2023 will be slow, but deals will get done.

You might want to check out creditboards.com and tighten up your credit.

Things are tightening up a little right now, but there are still deals available depending on your cash and credit. 

Finding a good deal is the name of the game but obviously there is a cyclical component to the market with the tightening and loosening of regulations to consider.

We will fix smaller things such as: replacing filters, tightening leaky faucets, and sealing cracks in windows.In addition we will provide 24/7 emergency response services when nightmares happen (think pipes bursting in the middle of the night, furnace going out in the winter months, etc.)We would like to establish a partnership by offering a free month of services with absolutely no obligations.

You snub him/her out of the commission he/she thinks is owed, then the relationship will be strained or unworkable.

Insulate the faucets by wrapping them with a rag, towel, etc. and use a bungee cord to tighten