re: Landlords - how often do you raise your rents?

not to highjack the thread, but looking for advice from people who own rent houses here.

are you cool with the renter subleasing the other rooms in the house?

back story: house in my neighborhood is being rented and some shady shite has been going on for a couple months now. i noticed when the renters first moved in it was a couple with kids. something happened and now the man no longer lives there (maybe DV, man was taken away by police) but the woman is still there, but no more kids. now randoms are being dropped off/picked up by different cars frequently and cops show up frequently. talked to the cops and they said the woman is renting the rooms out to friends.
added note: property is always a mess now.

i give her benefit of the doubt that maybe she already talked to the owner about renting out the rooms and all is good.

would you want to know if anything that appears shady was going on if it was your property? how would you feel if a neighbor contacted you to alert you? i'm at a crossroads of figuring out if i should reach out and minding my own business.

When I rented I lived in large complexes. Prices went up every leasing period.

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seems like it would have been wise to slightly raise rent, maybe $25-$50/mo increments year over year, where it wouldnt drive people away as much, than put yourself in the red eventually by never raising the rent. Raising it by $200 in one go would push a lot more people out feels like than raising slowly over time.

I get not wanting to chase someone good away, but if you have someone planted in there for a long time on a non paid off property, eventually you gotta raise the rent and you'd probably lose them if you raised it dramatically to make up for years of not doing it.

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This is where I am on my 3 rentals. I have good tenants and don't want them to move, but I don't have properties to rent and all that comes with it to barely make a profit. I also understand being in Hawaii is different than other areas, but I have never had an empty month unless its because I'm doing a big reno. Obviously I increase rent every new tenant, but I also increase every year or two on existing tenants. I don't go big, usually $25-$50 and nobody blinks. It's mainly when taxes and/or insurance goes up.

I am more concerned with having responsible tenants.

to date, ive never raised rent on an existing tenant. right now ive long term tenants, mostly. not all properties are equal in terms of attractiveness and therefore ease of keeping tenants. trying to build up the courage to do so and not lose great tenants. may not end up doing it tbh

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At LSU, you know you’re under market rate if you start receiving multiple inquiries from old/expired listings.

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What do y’all think about the long term viability of LSU demographically? These new videos coming out are shocking

If you have Apple News, there is a recent Business Insider article about this topic: Landlords Explain the Benefits of Charging Tenants Below-Market Rates.

They talk to landlords about how they handle rates, and there are some interesting discussions of strategy for approaching the tenant for an increase when rates in the area have risen.

the situation has been handled. it got bad enough for me and a couple other neighbors to get in contact with the landlord and show him evidence what we seeing. he kicked her out and has found a good family to rent it to

I put a rent increase in my contract for every new year. I'm shocked more on here don't have it spelled out.

It doesn't have to be a lot, and most of the time for me its not. 2-3% a year. On 1500 that's $30-45/ year increase. But if they stay 3 years its $150/ more a month. It absolutely adds up.

I also use it as a method to get something I want. "If you do this, I wont' raise the rent next year".

It makes most of them feel more comfortable that I'm not going to screw them over in a year, its not enough money to really move the needle after year 1 but again if they stay 4-5 years its a small yearly increase but adds up.

Anybody ever discount a tenant that pays rent as a lump sum 6 or 12 months in advance?