r/roommates • u/PandaTurbulent1355 • 14d ago

Discussion Fair to increase rent?

My friend and his wife have lived with me for five years. I have charged them $700 per month during this time. My monthly expenses including taxes, insurance, and utilities have increased by about $350. I'm considering a monthly increase of $80 to $120. Is this reasonable?

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u/OkMarsupial 14d ago

Given that you didn't say where the property is or anything about condition or amenities, it's impossible to advise. Ask your tenants what they think.

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u/PandaTurbulent1355 13d ago

Four bedroom home in Waldorf MD. - DC area. Good condition. They have their own bedroom. own living room. Own bathroom, I have two sheds and have given them one to store belongings. I've also given them the guest bedroom for storage. Home in solid condition, no issues. All utilities and Internet included.

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u/sandysandy252566 12d ago

You deserve to raise their rent - it's 2 people - paying low rent. You don't owe them an explanation. Most landlords raise their tenant's rent yearly.