My tenants will be renewing the SFH lease this coming July. The location is San Jose, CA (Bay Area, close to Los Gatos).

What %rent increase is possible per the current market?

(Right now my mortgage payment is about double the rent I get)

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I’d check if there are any laws that impact what you can do. And check similar rentals in your area.

https://www.steadily.com/blog/rent-increase-laws-regulations-san-jose-ca#:~:text=Generally%2C%20rent%20increases%20in%20San,higher%20increases%20under%20specific%20conditions.

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Thanks. Will check.

Why rent it out if your mortgage is double? You’re just losing money every month

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We had to move.. too soon to sell, and will loose in closing costs.
So hoping equity building, refinancing if rates go lower and rent increase will help in next 1-2 years!

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