I'm raising rents by 5 to 10 percent if the tenant is staying with me. If a tenant departs, I'm going up by 20 percent. |
Look at North Port. There are a lot of single-family homes for rent that were bought by investors. They're on the market for $1,300 to $1,400 a month. But they're not renting. You need two people earning pretty good incomes to afford those prices. |
There's been a 100 percent increase in taxes over the last three or four years. Insurance is up 30 to 40 percent. |