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Property Managers Explains Typical Times to Raise the Rent

Monday, July 02, 2018 - 06:00AM

Rental property owners often turn to their property manager for advice about whether it’s time to increase the rent. If you recently received notice of higher property taxes or home owner association fees, you likely wonder if your property manager will adjust the rent to cover your new added expenses. Generally, it’s a good idea to talk to a professional landlord about any financial questions or apprehensions you feel, especially as a first-time real estate investor. If you own a rental home in San Diego County, it’s likely your rental home is steadily increasing in value. At the same time, the fact that you have higher expenses such as property taxes does not necessarily mean it’s time to raise the rent. According to an article by vcstar.com, rent increases often drive away reliable and steady tenants. Higher vacancy often adds expenses to the mix. At the same time, consider legitimate reasons to raise the rent.

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Topics: rent increase, raising rent, San Diego Property Management

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