Rent hasn’t increased at all in five years

[Tryingtogetbacktomysize10s]

Probably a silly question but should it?

@sipsmith1 I haven't had a wage increase for several years and my dh 2%
Our ha goes up 3% its about £4 a week the example you gave was £135 a month extra and people renting at £1000 would need more than minimum wage jobs
Some landlords make small amounts many make a lot , I know several ( despite living in ha house I do know people with money )a 13% increase is a lot and more than 3 % so I don't get how it is less

A landlord here, I do not increase rent when I have a good tenant who pays regularly. Haven't increased for 3 years and probably wont as long as she lives there.

@worriedatthemoment I used £1000 because it’s easy maths.

A 13% increase after 5 years of the same rate would be £1,130 based on the difference of inflation.

If the rent was £1000 and you had an increase of 3% every year year 1 would be £1,030 - Y2 would be £1,060, Y3 would be £1,092, Y4 would be £1,125 and Y5 would be £1,159.

The housing association would therefore be charging you more at the end of the 5 years than I would using an increase based on inflation.

Something like 45% of landlords own one property and another 40 own two properties. These people aren’t making huge amounts, particularly now that you can’t offset the mortgage against tax. I’ve worked for billionaires and large charities that own thousands of properties but they are a very, very small proportion.

@sipsmith1 you didn't imply was 5 years and actually personally I would rather a small yearly increase that you get used to than one large one generally.
I have no sympathy for landlords even if they have one property whilst many of us can only dream of having one to actually live in , so wether they make much or not they are still very lucky to own an extra property as well as one they they live in.
In this case the Op wants to increase by £30 a month after 5 years of no increases and that seems fair to me ,

@Tryingtogetbacktomysize10s

I’m the landlord but the property is let through an agency. I was just wondering if they should be looking to increase it slightly as I noticed on Rightmove similar properties are going for quite a lot more. Please don’t flame me!

You can increase the rent but this may cause problems with the tenant I remember when dh and I were renting. We had been renting the house for three years . The landlord put the rent up by £80. We were unhappy about this as we were just managing to make ends meet. However, we did not complain. The year after the landlord wanted to increase our rent by another £50. At this point my dh and decided to give notice and leave. We were great tenants and I think that the landlord was taking advantage Increasing rent can create bad feeling I have a few properties ( great tenants) and I have never increased the rent

@Tryingtogetbacktomysize10s hi OP. I am a LL and think a £30pm increase after 5 years is totally acceptable. I’m sure your tenants won’t move out due to such a small increase. That’s approx £7.50 per week?

I definitely think this is something your agent should handle, as you are likely paying them £50pm to manage everything. So they are well used to dealing with stuff like this. Ask them to increase and see if they do it as part of your package.

Good luck!