Here is how we see it... we do raise rates on current tenants after 1 year. We typically do 10% as well. We have had the few come in to complain and after we explain that the cost of eletric, ins. and etc. have gone up on us, the usually understand. And if not then we explain that it will cost them gas,possibly a rental truck and a full day of work to move. So in the end the small amount we increase is small potatoes even over a years time.
When we first took over at this site we had to update alot (50) units or so on rent. Out of those we lost 2. Not to bad!

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Proud Karate Mom