How do you reply when the resident send you this long emails about how they pay the rent on time and they don't deserve an increase etc etc.

$250/ month, due to switching from manual increases to a LRO. Most of the residents paid the increase, because it was still lower than the surrounding competition.

Over $500... they gave notice. They were so far below the market rate though so at turnover we closed that gap with the new resident. Have to watch yourselves these days though with rent cap laws

$178/mo. I was so sad to give out this renewal cause they had lived here for 12 years. Older couple. Sweetest people. They renewed & I was so happy they stayed

Austin's market has grown exponentially this year and we're looking at 12-15% renewals for all residents. It's coming out to $130-300 increases and I hear about it daily. But even with such a large increase they're all still well below market value so I let people go knowing I can rent it for a couple hundred dollars more than their highest renewal offer in a heartbeat.

I know that in certain areas new “cap” laws have been put in place due to corona virus. Besides that if you aren’t “rent controlled” or your company doesn’t have a cap increase percentage/amount stipulated in the lease they can really do whatever they want as long as they give proper notice before lease renewal. For companies that use LRO/yeildstar (supply and demand type pricing vs market rent) increases can get REALLY CRAZY exsp if they came in on a special or a really low rent due to availability at that time. I feel like subjecting renters to a 3% increase is pretty common, & fair BUT it’s up to the owner/mgt company.