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Property taxes, insurance premiums, market rent, etc. are all reasons to increase the annual rent.
In general, yes. But this past year i kept rent steady even though my taxes/insurance climbed because I have a good tenant and it seems like the market has cooled in the area so I didn't want to risk losing her.
Same
It doesn't sound unrealistic. If a farmer's cost to raise chickens increases, then the cost of eggs and the cost of chicken meat will go up as well. If real estate servicing costs increase, then housing costs will increase. I don't think there is a single industry where you will find the back end and front end expenses and costs not in some sort of alignment.
That’s what my previous landlords did when I was a renter. Makes total sense to me.
Yes, to a point. Market dictates rent cap. Usually can't raise rent in equal amounts to cover taxes, but do raise rents some, annually, to cover extra expenses.
Increased taxes and insurance of late, are part of the reason rents have become unaffordable.
Can they be things to tell tenants, yes. Is this the reason I raise rents, no. I raise rents based on area average rents