![]() The first thing you should look at are the market rates for your area. ![]() ![]() ![]() 2022 is a unique year due to the significant rise in the market, but we typically recommend a 5-7% increase, depending on the tenancy. Raising rents at least a small amount each year to keep pace with the market is recommended. They want to keep good tenants, but they also want their property to make money. Deciding how much to raise the rent is where landlords often get stuck.
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