Deciding whether to raise rent each year is a common dilemma for landlords. Rent increases are not mandatory; however, many landlords choose to adjust rents to align with inflation and competitive market conditions. While gradual increases help avoid larger surprises for tenants later on, some landlords may opt to maintain current rent for reliable tenants to reduce turnover costs. The decision hinges on a landlord's goals, property condition, tenant satisfaction, and market trends, with tools available for assessing local rental values.
Landlords aren't required to raise rent every year, but many choose to do so to keep pace with inflation, stay competitive in high-demand markets, and respond to shifts in local rental trends.
Gradual, smaller increases can help avoid the need for larger jumps later, which might surprise or frustrate tenants.
Some landlords prefer to keep rent steady, especially when they have long-term, reliable tenants or are focused on building equity over time.
Ultimately, deciding how often to raise rent depends on your goals, the condition of the rental, tenant satisfaction, and the state of the market.
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