My state (OR) has placed a cap on increases much like Washington has implemented. Therefore I have been and will continue to make modest increases every year to keep up with the market. If I don’t do this I may get caught with big cost increases that I am not able to recover in controlled rent increase environment here. This government policy is harmful to tenants as it forces these regular increases and in itself is inflationary. I guess the politicians do this to buy votes and keep the renting citizens in their constituency in the dark about the real impacts.
My increases coincide with increases in taxes and insurance rates. Usually a 5 – 6% increase in rent.
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