Should you INCREASE your RENT every year?

Rental demand has increased and every year you don't put you rent up you're not making the same amount because of inflation. But what if you've got a really good tenant and they want to be in your property for over 5 years? DO you leave the rent for 5 years or DO you charge them more every year and risk them moving out?
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[@skullboy1407]

Best landlords which I have seen do rental increases by working out the market rate each year then subtracting 25 or 50+ quid depending on how good the tenant is. Best of both worlds in my opinion

[@rezamotin7305]

Completely understand the need to increase in line with inflation. But anything more would risk upsetting a good tenant.

[@olliecooper4232]

Depends on the market as well, how much people can afford. Some people use up to 45% of their net income on rent, some 30%. It depends on area and demand.

[@rachelyvonneblythe]

I have 3 BTL's, all just rolled/rolling past their 2 year point. No increase in any on Yr 1 and just one 3% increase on one of the properties end of Yr 2, as they aren't looking after the property like the others are and that increase was literally off the back of this video. Their family actually rent another of my properties and they won't be getting an increase, as they really look after and add value. Rather than just let the other properties pass by with no ref to the rent remaining the same, I am going to make sure I affirm to them that it is remaining the same again to recognise their value to me... I wouldn't have done any of this without your video... so thanks a lot!!! (Following a visit today I also told the offending tenants that the condition isn't acceptable and we are moving to quarterly inspections, all because this video put my mind in the right place!!!)

[@loawofattraction__2526...____]

I think i would increase the rent just as long they stay and are comfortable living there, it also depends on your type of tenants of how much you should increase your rent to i.e. if its a family they'll probably live there for a long time and have children going to the school nearby and reward them by no increase in the rent

[@kav1187]

Love the Vodafone jibe 🤣👍

[@jimbo200]

Jamie great video and info as always , can you confirm that if it is an AST that the notice period is infact 2 months not 1 month ?

[@JamieYork]

Depends on the AST

[@ajh5552]

Been watching your videos for around 3 months now Jamie as i was interested in buying another property to let out. With your guidance i have now bought a property in a very popular holiday destination on the Northumbria coast and letting it out as a Holiday home. Getting an excellent return on the property as you can imagine. Keep the videos coming i find them interesting and educational. 😉

[@JamieYork]

That is awesome!

[@douglasprovost768]

My tennants pay about 10% below market, but they are good long term people.

[@SlartiBartfast2469]

Loyal and sustainable income you love to see it with regular reviews

[@tricky1992000]

If they take good care of the place then you are actually saving more than 10%

[@douglasprovost768]

@@tricky1992000 exactly, don't ask me how I know !

[@Smithb83]

Same 👍🏻 "missing out" on £50/£100 a month can save you so much time/ money/ difficulty and built a good relationship. Worth it's weight in gold with the right tenants

[@92belisarius]

Hi mate, do you have a video about how to rent properties without going through an estate agent? Pros and Cons?

[@Katiepembroke]

Been in my rented house 5 years always paid on time had the rent increase 3 times now she wants to up it by £300 pcm and sell ......

[@JamieYork]

Ah mate sorry to hear that, sounds like you've been a good tenant too!

[@MulticoElectrical]

Really helpful keep the videos coming, learning a lot 👍

[@nemonemo6285]

Great Video, thank you

[@JamieYork]

Glad you liked it! Thanks for watching

[@Darksector_r]

You know what's crazy, the fact that a lot of people look at becoming a landlord as a career path. Constantly expanding, constantly increasing rent. One landlord can own 400 properties. That 400 way too many for 1 when people constantly struggle financially because of most of their income goes into rent. Being stuck in that situation and even losing homes because landlord got greedy or you know they want to keep getting paid the same no matter the inflation when less fortunate people can not just get salary increase according to inflation and then life becomes much harder everything is more expensive and its harder to stay afloat. Thanks to this career path, new generation just can not own a property anymore, always renting, always "on the toes". Landlords shouldn't be a thing. ALAP.

[@Andy-wp6lj]

Section 13 notice

[@li262]

You are the kind of landlord people would be lucky to have

[@garrickhannah8833]

Clear Advice tanks

[@JamieYork]

Happy to help

[@fanliu3624]

I agree your point. Updated along and view the market and demanding and decide may rise a little lower than the market increase if they keep the property at a good condition. By the way, Jamie, do you have any link could share about the investment of the property in Ireland, please? Thanks

[@daviderkel]

Nice

[@JamieYork]

Thanks mate!

[@loawofattraction__2526...____]

Could you also do a video about a bridging loan please

[@bakieliacik5949]

Hi Jamie thanks for video I just wonder is there any limit of increasing amount in a term by the law

[@janoskomor8728]

What about £700 pounds for insurance?

[@staffords01]

I’ve literally just increased rent for the first time in 6 years. I’m now worried that i’ve set the bar and tenants will complain if I increase it every year.

[@waynebrown7642]

I know the feeling ... I did mine at 4.5% after 5 years. But tbh they are very good tenants and i would hate to lose them, so I guess it's just a question of whether they are worth the risk of upsetting them.

[@DerekIngram-u4e]

Hi, love the blog! Great in. I have a question, I have rented my flat on a 6 month AST which ended 2 months ago and now tenant is entering his eighth month. I’ve approached him re a moderate increase of £25pm, his response is I can’t increase it in the first 12 months, is this correct?? I’ve looked online but can’t seem to find a definitive answer. He’s a good tenant and I don’t want to upset him.

[@unbearableone653]

u cant increase within the first 12 months, only once a year, in line with market rates

[@acxezknightnite1377]

Hi Jamie, what an interesting video. I’ve been wondering whether I should up the rent in one of my rentals. The couple have been there 2 years and I haven’t raised the rent at all in that time. Now, however, rental prices have gone up an awful lot and so it’s definitely renting below what it would be, were new tenants going in. That said, I know that the man of the couple got laid off during early Covid lockdown last year, but managed to find another job and they haven’t missed a payment. I am appreciative of this. What would your judgement be? Should I do the ‘no increase for 12 months’ notification, letting them know that I think they’re good tenants, but that in a year the rent will have to go up to remain tenuously in line with the area. (It has gone stupid in the area, and I wouldn’t be thinking of a huge hike anyway, because it would have too much of an impact). Thanks for any opinion/perspective you might have!

[@unclefrankindia]

dont be an *** , if u really want to raise the rent let it be rate of inflation but talk to them first this is my comment if i were renting

[@williandelucca]

nice!

[@musicjunk8266]

wham it up by 50% and laugh down the phone at them. got it!

[@JamieYork]

Well… that’s certainly one approach 😂

[@musicjunk8266]

@@JamieYork I made Jamie York laugh! 🥳

[@mamandmason7094]

LL's pulling figuares out of the hat is not good. Buy very common