Well sort of. You thoughts would be appreciated / interesting
We rent out a small flat. We let it at slightly below market rent but as its an expensive city its not cheap by any means. We have tenants in at the moment who are great tenants - pay everything on time and don't make a fuss /mess. They have been there a year.
We make a small profit - maybe a bit over £1000 a year which is 3% return on what we have invested but 1% on the value. ( the value has gone up a lot since buying)
Do I put their rent up? they love that flat and want to stay and would probably pay a good chunk more.
So three options
1) be the good guys - no rent increase - we are making enough and they are nice people
2) moderate rent increase - costs have gone up ( we pay the heating bills)
3) Be a capitalist - rent up as much as they will stand. Maximise our profits.
thoughts?

