Between 2004 and 2007, interest rates increased from 1% to about 5%.

How can I increase income from this property? 

My interest rate on the home I pulled the HELOC from is 2.75%, so I don’t want to refinance it because I won’t get that rate again and I would like to avoid my mortgage increasing in both properties if possible.

You can increase your NOI by either increasing revenue or lower expenses.

I was just thinking how to increase the ARV to the highest I can.

If that's not possible, then we pay the utility and bill it back to the tenant or we increase their rent and include utility costs in that charge.At a bare minimum, you need to find a way to monitor utility use and put a stop to this before the bills get so big.

However, considering the last two years' market changes and the increased saturation, I'm curious about your recent experiences.

Any thoughts on increasing rents for lease renewals?

Currently, about $1tril is spent on interest payments, and even if rates stay current, that will increase, since debt is increasing.

Then I have standard 12-month lease that covers me and my condo appropriately.