How to Raise Rent
Rent payments are key to property management success – but raising rent can feel complicated. This ebook answers key questions, including how to analyze your market and write a rent increase notice.
How often can a landlord raise rent?
It’s possible to raise rent without hurting your relationship.
Feel confident about analyzing your market and increasing rent
We answer your rent-raising questions to help you maintain legal compliance while keeping your investment profitable.
Rent Increase FAQs
How much can a landlord raise rent?
It depends on where the rental is and the laws therein. In some states, landlords are limited to how much and how often they can raise rent. Other states have no limits on rent increases.
Can my landlord raise my rent $300 dollars?
It’s possible, though that hinges on where you live. In many states, landlords could increase rent by $300 as long as they provide proper notice.
How often can a landlord raise rent in California?
California’s Tenant Protect Act restricts landlords to annual rent increases of 5% of the current rent plus the local rate of inflation (or 10% of the current rent, whichever is lower).
How much should I raise the rent each year?
First, evaluate your property, market, and the services you provide. If your costs are steady, you haven’t added value to the property recently, or you aren’t quick to respond to tenant requests, consider keeping the rent the same. If your costs have increased, you’ve continued to invest in the property, and you’re a responsive, reliable landlord, then examine your market. On average, rent increases by 3-5% annually where legally permitted.
How much notice to raise rent?
The amount of notice you must give to raise rent depends on where your rental is. Typically, you must tell your tenant of a rent increase 30-90 days before it takes effect.
Where can I find a sample notice to raise rent?
Download our free sample letter to raise rent and our example rent increase lease agreement clause.
TurboTenant has grown to provide everything landlords could need to know. Everything that I’ve read and all the webinars I’ve been privy too have been monumental.”
–LaRita Lee, TurboTenant landlord
Additional Resources
7 min read
What is a Rent-Controlled Apartment?
Are you curious about rent-controlled apartments? Our guide will help you understand how rent control works and who sets the rates.
9 min read
How To Write a Rent Increase Letter + Free Template
Efficiently handle rent increases with our guide. Learn to craft compelling rent hike letters, covering reasons, legal aspects, and a complimentary template.
6 min read
6 Landlord Tips: Communication With Your Renters
Enhance landlord-tenant ties through clear dialogue, welcome packs, establishing availability, sharing emergency contacts, and promoting transparency.
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