That helps some...but your variable expenses also go up too - property insurance & taxes - so a lot of your rent increases go to offset rising variable expenses.I started at the age of 47 in 2018 and we bought properties fast and furious - 12 the first year, 10 the next, and 9 in 2021 and currently have 38 properties. 

Pretty incredible how rapid the demand has increased in the past 12 months especially. 

How do you see this coverage increasing as he scales?

The Raleigh market may have increased by 40% after the Apple announcement, but it wasn't because of Apple, at least not solely.

So your net earnings ( increase in wealth) is $650.  

As an example, our request for rent increase that was submitted in Sep 2023 has not been processed and may never be processed.

Other most common factor: Family Size increases due to marriage or having a child. 

As other people have mentioned, does it increase risk of being rent controlled down the road?

I can get 5 times as many deals without increasing my budget.

Target areas with high rental demand, job growth, and population increases to ensure strong occupancy and appreciation.