How to Raise Rents without Increasing Tenant Turnover | HoltonWiseTV Highlights
Channel: HoltonWiseTV
Date: 2023-01-14

Raising your tenant's rent is a balancing act. You can't just keep increasing the rent higher and higher. Being too aggressive with your rent increases is going to increase your tenant turnover, which will in turn low your profitability. The most profitable landlords understand that they must balance market rent increases with tenant satisfaction as to not create artificial tenant turnover. Turnover is the biggest return killer in the rental property business. A landlord with a long term tenant paying below market rent will likely make more profit than a landlord who gets market rent all the time, but does many more unit turnovers. Subscribe to HoltonWiseTV for more property management tips.


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