Rent increases are a common part of renting, especially as landlords face changing maintenance costs, taxes, utilities, and other operating expenses. While an increase can be frustrating for tenants, understanding when and how landlords can legally raise rent can help you prepare. First, know when your landlord is allowed to increase rates. Additionally, learn how […]
Tag Archives: rent increase
14
Nov
Nov
If you’ve ever opened a lease renewal notice only to find your rent going up, you’re not alone. Rising rent prices are one of the biggest challenges tenants face today. From inflation and property taxes to increased maintenance costs, landlords often raise rents to keep up with expenses, leaving tenants to find ways to stretch […]
10
Jul
Jul
When it comes time to upgrade your rental property in Baltimore, there are many options. Some should be standard each time you’re ready to bring new renters in, while others are added amenities you may not consider immediately. Installing new carpet, painting the walls, ensuring the shutters are in working order, landscaping the outside, and […]
11
Jan
Jan
Owning and operating rental properties is quite costly. After all, you have to consider taxes, utilities, and property management services. Unfortunately, these costs go up over time, leaving landlords with even higher expenses. To compensate for rising costs, landlords may have to increase rent each year. However, it’s essential to know the laws and proper […]
12
Oct
Oct
Rent increases are a sometimes confusing and controversial subject. However, increasing the rent is something every landlord will have to deal with sooner or later. Understanding how to handle rent increases, the amount to ask for, and when to raise rates is key to your success as a landlord. Follow along with us below as […]
14
May
May
Increasing rent is a common and expected part of a lease renewal for both tenants and landlords. On average, most Harrisburg home leases increase by 3-5% annually. Although this is common, it can still rub tenants the wrong way. Read on for a rent increase guide for 2020 in Harrisburg, PA, and some advice on […]