I cannot tell you how conglomerates do it, but i can speak for myself.
I own 10 Units that i rent out. I raise rent depending on what i think next year is gonna happen. But i also have 2 companies that generate income that i take into account a tiny bit.
It’s been fucky since the Corona™️ though so i kept raises to the same level they were in 2019. About 4% a year.
I raise my rent to market value whenever i have a change in tenant.
I have never reduced rent. My costs have never gone down. If anything i didnt raise rent one year.
I cannot keep rent the same forever because inflation and other cost increases would just eat at the foundation and if something breaks i will have to just sell the entire unit.
I cannot tell you how conglomerates do it, but i can speak for myself.
I own 10 Units that i rent out. I raise rent depending on what i think next year is gonna happen. But i also have 2 companies that generate income that i take into account a tiny bit.
It’s been fucky since the Corona™️ though so i kept raises to the same level they were in 2019. About 4% a year.
I raise my rent to market value whenever i have a change in tenant.
I have never reduced rent. My costs have never gone down. If anything i didnt raise rent one year.
I cannot keep rent the same forever because inflation and other cost increases would just eat at the foundation and if something breaks i will have to just sell the entire unit.
When last did any of your tenants have a 4% annual income increase?
Don’t know. Don’t care. I raise wages to a percent above inflation. Not my problem other employers don’t.