How do you handle rent rate increases?
We will always evaluate local market conditions and determine where your property is priced in accordance with the current market rate. We do not want to overprice the home and force a vacancy, but we also do not want the property to be underpriced leaving money on the table for our investors. We typically go with standard 3% increase at the time of renewal from the previous market rate by offering the below options.
American Real PM only offers 2-year lease renewals.
Your current rental rate is $925.00.
Please look over the renewal options listed and let us know what option will work for you.
Option 1: $950.00 for the 1st year 3% increase on the 2nd year $980.00
Option 2: $970.00 2-year renewal