A 3% increase in rent on a $3,000 a month rental is more cash in hand than on a $1,000 a month rental.

pid=2061Houston Real Estate Highlights in February, 2024;-Single-family home sales rose 7.6 percent year-over-year, the third increase in the past year;-Days on Market (DOM) for single-family homes went from 64 to 57 days;-Total property sales rose 7.0 percent with 7,541 units sold;-Total dollar volume was up 11.8 percent to $2.9 billion;-The single-family median price rose 3.0 percent to $329,686;-The single-family average price rose 4.1 percent to $400,252; -Single-family home months of inventory registered a 3.4-months supply, up from 2.5 months a year earlier;-Townhome/condominium sales continue to decline, falling 8.1 percent, with the median price up 8.9 percent to $237,500 and the average price up 5.5 percent to $258,587.

It's always a challenge increasing rent in that situation.

Also, setting up one of the units as a medium term or short term rental to increase income.

Other than deductibles, and of course insurance rate increases, was best possible outcome.

5 of my 6 properties had drastic increases in property taxes in Jefferson County (Birmingham) Alabama.

If you want to increase the size of your financial buffer or are having trouble discovering possibilities in the present market, this might be a wise decision.Ultimately, your decision should align with your long-term goals, risk tolerance, and local market dynamics.

My wife and myself discussed terms for renewal while running errands(we also have discussed next years rent increase) , we added 3 new terms to the current lease for the renewal.

I'm seeking a single / multi family property to rent.

Purchase existing cashflow retail centers that need light cap ex and rental increases.