Managing rent increases
Hi, please would members share their views on managing rent increases.
We have a small portfolio of 8 properties all tenanted with good tenants. Some have been with us for 2-3 years and we have always made small increases to the rents on an annual basis to try to keep up with local rental values.
Is this what other landlord are doing or are they leaving the rents the same while the same tenant is in situ?
We don’t want to be seen as being greedy, but at the same time feel we need to keep up with the ever increasing rental market.
I would really appreciate your comments!
Many thanks
Ashley
13 comments on this article
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Member Since June 2013 - Comments: 713 - Articles: 1
11:18 PM, 26th May 2015, About 11 years ago
Reply to the comment left by “Michael Barnes” at “26/05/2015 – 22:45“:
why base rent reviews on inflation? market comparables are the correct measure.
Member Since July 2013 - Comments: 1434
4:48 PM, 27th May 2015, About 11 years ago
Reply to the comment left by “Joe Bloggs” at “26/05/2015 – 23:18“:
because in general a happy tenant will look after my property and stay, reducing voids and hassle of finding a new tenant.
Member Since June 2013 - Comments: 713 - Articles: 1
11:32 PM, 27th May 2015, About 11 years ago
not sure whose or which question you are answering, but doesnt appear to be mine. heres my question again:
why base rent reviews on inflation? market comparables are the correct measure.