Start a new topic
Discussions ezLandlord Questions and Answers General Property Management

Best month to raise rents?

What's the best month to raise rents?  I tend to only raise once every two or three years 5%. I want to start annual increases of 2% to 3%.  Can you recommend the best month for annual increases?
2 CommentsSorted by Oldest First
When I have a tenant on a month to month lease and I am ready to increase, I usually do it on the anniversary of when they moved in.
The 12 month anniversary of the lease date. It makes it easier to keep records using the same date. Except in your case, if you haven't raised the rent in so long, NOW is the time to raise the rent, with the proper notice, of course. Did you realize that when you do not raise the rent each year, that you devalue your property?
Login to post a comment
More topics in General Property Management
  • Covid-19
  • Renter paid Initial lease payment but never ez signed
  • How to Utilize The PayStub?
  • SHOULD BOTH NAMES BE ON LSE IF TENANT AND GIRLFRIEND BOTH LIVE THERE
  • PA Landlords
  • transfering leases on a sale.
  • Credit Checks
  • Upset tenents.
  • Month to month rent increase
  • Apartment Hotel question
    ezLandlord, Inc. 22228 St. Barts Lane Estero, FL 33928
    BECOME A MEMBER - DOCUMENTS - TENANT SCREENING - RENT PAYMENT - PRICING - RESOURCES