One key driver of annual rent growth is inflation. As the cost of living rises, so do the costs of maintaining properties — utilities, repairs, insurance, and property taxes all tend to climb over time. Landlords adjust rent accordingly to keep pace with these rising expenses and to maintain profitability. However, responsible property owners often try to keep rent increases reasonable, understanding that long-term tenants provide consistency and lower turnover costs. Landlords, meanwhile, must walk a fine line between fair pricing and market competitiveness. Raising rent too steeply can lead to tenant dissatisfaction or increased vacancy rates. Click here know more about #whatistheaveragerentincreaseperyear
No comments:
Post a Comment