[quote=deadzone]Why bother raising the price at all? If the tenants are good, and your expenses have only gone up slightly, why risk pissing off the tenant for a measly 3%.

Given you expect them to move out around the 5 year point, I recommend you plan to do a rent adjustment at the 5 year mark if they don’t move before then. At that time, maybe raise it 5% or more to compensate for your costs.[/quote]

True.. Though in the fallback plan that they do stay, rent will be so out of wack by that time that any reasonable adjustment, they will be in sticker shock…