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As an investor of a rental property, it’s important to make a profit, and raising the rent is one way to keep your profits up. Here are some tips on how to raise rent without losing your tenant(s).

1. 
   

   Consistency

   
   

Every year, you should raise the rent even if it’s only a small amount. This sets the expectation that rent will go up at least a little bit every year. And most renters aren’t bothered by a small increase and won’t go through the hassle of moving over $15 a month.

2. 
   

   Give enough notice

   
   

Legally, a notice of rent changes must be given 30 days in advance, however, more notice is always better. Give renters enough time to know there will be an increase so the...