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Forum / 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?

jeffery p, CA on Monday, April 27, 2009

RE: Best month to raise rents?

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.

Posted by Donna , NC on Tuesday, April 28, 2009

RE: Best month to raise rents?

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?

Posted by KJ B, CA on Wednesday, June 17, 2009

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