Originally Posted by
notEnuf
Unless you have a fixed 10 year lease (not likely) you can count on your rent going up every 2 years by 10%ish. No landlord will lock in a rent for more than 2 years and no landlord is going to forgo an increase unless the market tanks and housing becomes significantly more affordable. I did 2 year leases and 10% on renewal, that's standard. Some did 2 year lease with a 5% or market increase at 12 months.
slumlord out here… my friend doesn’t raise prices on his tenants. He would rather keep a good tenant than be on the hunt every year to try and get more $$.. and rent prices went down in Austin, TX..