But there’s a point where even higher rents don’t make sense for a landlord.
If tenants are stressed, or can’t make the payments or are less careful with the property. I don’t know of any landlord who actually raises the rent by 7-8% on a good tenant.
There will always be some natural turnover which allows for the occasional catch up if the market has gone up.
Call me a softie but I’d rather have 2-3 tenants in 10 years, than 7-8 tenants in 10 years. Makes a world of difference.
Given, when a tenant doesn’t communicate well, then that’s another issue.
