Its a yearly auto renew lease.ThanksThey know they're renting at a discount and larger increases won't drive them away because the alternative is them paying market rent elsewhere after the expenses of moving.

But the real difference comes down to what actually drives revenue.For example, splurging on a mural in a one-bedroom rental for travel nurses won’t necessarily increase bookings (unless they’re influencers and you have a social media strategy for your rental).

A notable increase in housing inventory, combined with evolving market dynamics, has shifted the landscape in favor of buyers.Rising Inventory LevelsAs of January 2025, Florida’s for-sale inventory reached 172,209 homes, marking a 22.7% increase compared to the same period last year.

I think you're missing another point-- if rates increase.

Four of the biggest advantages of long term landlording are property appreciation, rent increases, debt pay down, and tax advantages.

Money has to come from somewhere so where will it come from.issue will be if they increase sales tax it will be regressive tax as those who rent and don't own and have low wages will still pay more for everything.

I also assume you’re investing in an area with increasing rents so look at 3-5 years out with increased rents an it better cashflow well if rent isn’t stagnant. 

increasing rents every year, fixing up the units What was the outcome?

We have a secret sauce of increasing our NOI through RUBS and other NOI hacking tools like managed wifi, storage and parking fees.

To increase views, go into your listing periodically and lower the daily rate for the week or two after you have an expected vacancy, but increase the nightly rate after those two weeks so that you are still getting your target monthly rent.