Blog Post

How to Effectively Raise Rents for Your Long Beach Rental

Dustin Edwards • Dec 15, 2021

The Right Approach to Raising Rents Helps Maximize Your Investment

Increase Rents

From time to time, it is necessary to raise the rent for your Long Beach rental. However, approaching the subject with your tenants can be a touchy and complex process. Nevertheless, there are various ways to both successfully raise rent and keep your tenants content. 


California Tenant Protection Act

Before we proceed, it is important to note that, per the recently passed California Tenant Protection Act, landlords cannot increase their rent above 5% plus inflation or 10% of the lowest gross rental rate charged in the previous twelve-month period. Additionally, Long Beach landlords can only raise rent once a year. These requirements are crucial to consider when planning to raise rent. 


Address Improvements

Chances are that you have probably updated your rental since your tenants initially moved in. These improvements can act as leverage for implementing a rental increase. When sitting down with your tenants, you can remind them that the new smart devices or  energy efficient appliances have improved their living experience. Yet, these additions came at a price. As such, you require a higher rent to offset these installation costs and fund future renovations. 


If your tenants truly appreciate you and the enhancements you have made, they will likely be open to a rental increase.


Rental Analysis

Completing our online Rental Analysis will show you whether you are earning a sufficient rate for your Long Beach rental. If our Rental Analysis reveals that your rent does not match your current property value, you can show it to your tenants. This will help them understand that the increase is related to market conditions. As such, they will likely be more inclined to pay a little extra. 


Market Rent

Showing your tenants that a rental increase would be lower than market rent may put the situation into perspective. Not only will it make them appreciate that you are charging them a lower rate, but it will also make them hesitant to seek a different rental on the market. 


The positive of maintaining a lower rate than market rent is it allows you to keep tenants whom you trust. You may not make as much money as similar locations in your area, but you will have steady tenants who respect and take good care of your property. 


Rent History

Sometimes tenants need a reminder that they have been paying a steady rate for an extended period. At another property, they may have already faced one or multiple rental increases. 


Recognizing their pleasant current situation may encourage them to willingly accept your rental increase, especially if they know that you will raise rent relatively infrequently. 


Raising rent can be stressful for both tenants and their landlords. Finding a property management company that you feel comfortable with can make the experience as painless as possible. As previously mentioned, feel free to check out our online
Rental Analysis or call us today at (562) 888-0247.



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By Dustin Edwards 01 May, 2024
Everyone wants to feel safe in their homes. As an investment property owner, it's up to you to decide whether or not to include security measures in your property. Many of the costs associated with the security measures can be included in the rent, meaning not only can you keep your property safe, but you can earn more income in the long run. However, you would still want your tenants to have renters insurance to protect their assets. Today, we’ll discuss the top five security measures you can add to your property and why they're beneficial to you and your tenant. Security Cameras Cameras are probably one of the first security measures people think about when asked about security. Cameras provide more benefits than just surveillance. They provide an extra level of security for the safety of the tenants and their belongings. Additionally, security cameras can be useful when repairs are required. Cameras can aid in supervising repairs and maintenance to ensure you’re receiving the agreed-upon work. During vacancies when the property is empty, security cameras can help keep the property safe from potential intruders. Doorbell cameras are incredibly popular now. They provide the aforementioned safety of a camera that can be accessed remotely, as well as the ability to communicate with visitors. Although one must be careful never to say you're not home, just say you're unavailable to strangers. Security Lights Security lights with motion detectors are another effective tool when adding security measures to your property. These lights brightly if a potential intruder attempts to get near your home. They can provide enough illumination to see the intruder or, at the very least, scare them off. Nowadays, you can find a combination of security cameras and motion-activated security lights, such as the floodlight cam wired plus from Ring . Additionally, because these lights only turn on when motion is detected, they’re more cost-effective than traditional lights with a switch. Illuminate the Property Light generally deters intruders as it's more difficult to hide. Adding lighting to the landscaping can increase the security of the property while creating a relaxing atmosphere. Lights can also be used in other areas of the property to accent features such as trees, benches, or artwork. This can help your property stand out while giving your tenants an additional feeling of safety. Keyless Entry Keyless entry is seen as both a convenience feature and a security feature. They usually use an electronic passcode, biometric data, or grant access through a smartphone app. Physical keys can be lost, stolen, or duplicated. You reduce the risk of unauthorized entry by eliminating the need for a physical key to enter the property. Many keyless entry systems include several features, such as remote locking and monitoring. Although keyless entry is a great new technology for keeping your tenants and properties safe, they’re best used with other security systems. Security Company Nothing beats having an extra pair of eyes on your property for security. This is where security companies like ADT and SimpliSafe come in. While companies may deal with security in varying ways, they aim to protect your investment. While safety is the primary role of a security company, remember that many tenants may be willing to pay more for a premium amenity like a home security company. Keeping your property and tenants safe is incredibly important to the longevity of an investment property. If you’re looking to improve the security of your Long Beach rental property or need help managing your beach city rental property, we invite you to call us today at (562) 888-0247 or fill out our Owner Application online .
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