To ask all MN Landlords about raising the rent, with regard to s21 and rent controls

[Didyousaysomethingdarling]

Hello MN Landlords. Please could you let me know your thoughts? If you generally do not raise rents on tenants during their tenancy (eg me, same tenant same rent for 7 years). Does the threat of s21 and possible rent controls worry you? Might you now start implementing RPI rental increases annually?

I am pretty sure the market ( supply/ demand) will determine rental prices. I don’t think rent raises with RPI around here, normally by much more.
But private rental stock seems to be decreasing around here and social /council property not catching up, so I guess rents will go up.

The section 21 worries me, but we are moving back into our home this year, so it won't affect us. I will be giving the tenants 4 months notice though.

I’m only on my second lot of tenants but never put rent up in 3 years for previous. I’m not sure if o should be worried about section 21, though I also can’t imagine wanting to evict them for no reason....

Thehop
My concern is if there was a spike in interest rates, I wouldn't be able to raise the rent back inline with market rates, as the annual increase will probably be capped. I agree with MNs who have said on another thread, landlords should have a cash buffer for repairs, voids and unforeseen circumstances but we also need to, at least, break even financially and not make a loss.

I've got a clause in my contract for tenants that says I will never put up rent more than annually, never more than 10%, and with at least 2 months notice. In practice I've done it about 3 times in 15 years, 50 a month, and usually after telling them that if I don't put it up this year, to expect an increase next.

But then I'm a responsible landlord wanting to maintain the property for the long term because chances are one of our parents will need it.

My (continuing) tenants signed up for another 3 years 6 months ago, so no, I won't be raising the rent. Have increased it by a small amount only once during the past 6 years anyway, despite urging from the letting agent - who we've now ditched because of incompetence.