Rent Increase Report
What would a rent increase really earn you?
A higher rent looks good on paper. But the management fee takes its share, and if your tenant chooses to move out instead, empty days and turnover costs can eat a year of the increase fast. Put in your numbers to see both sides.
The numbers below are examples to get you started. Change them to yours.
You could gain about
a year, after the management fee, if the tenant stays at the new rent.
You could lose about
if the tenant moves out instead.
- Extra each month, after the fee
- Extra each month, before the fee
- Extra each year, before the fee
- Percent increase
If the tenant chooses to leave instead
How big is this increase?
- The increase
- The current rent
Get a free rental analysis
Scan the code or call 719.581.RENT. Chuck Kelley, our Broker/Owner, will look at what your rental should rent for. No obligation.
This is an estimate for comparing choices. It shows money only. It does not tell you whether an increase is allowed for your tenant, whether a tenant will stay or leave, or what the market will bear.
Month by month: when the increase pays back one turnover
- Extra rent so far, after the fee
- Cost of one turnover
Months from now
Show the numbers as a table
| Month | Extra so far | One turnover |
|---|
Before you raise the rent
Colorado has rules about when and how rent can go up. Here are three to know.
Once in 12 months
Colorado allows only one rent increase in any 12 months for a residential tenant.
Section 38-12-702, C.R.S.
No written lease? 60 days notice
If your tenant has no written lease, you must give at least 60 days written notice before the rent goes up.
Section 38-12-701, C.R.S.
Never to push a tenant out
A rent increase may not be used to push a tenant out of the home, or to get back at a tenant.
Sections 38-12-509 and 38-12-1307, C.R.S.
This calculator shows money only. It does not tell you whether an increase is allowed for your tenant, or what the market will bear. The move-out numbers are there for one case: your tenant chooses to leave rather than pay the new rent.
Not sure what the market will bear?
A rent set too high can cost more than it earns. A rent set too low leaves money on the table every month. Knowing what homes like yours rent for right now is the place to start.
Get a free rental analysis
Tell us where the rental is. Chuck Kelley, our Broker/Owner, will look at what it should rent for. No obligation. Or call 719.581.RENT.
Get a Free Rental AnalysisHow we figure it
- Extra rent: the proposed rent minus the current rent, each month. Times 12 for a year.
- After the fee: the extra rent times 1 minus the management fee percent.
- Percent increase: the extra rent each month divided by the current rent.
- A day's rent: the proposed rent times 12, divided by 365, after the management fee. A fee that is a percent of rent is not charged on rent you never collect.
- One turnover: the empty days times a day's rent, plus the turnover cost. This is the "you could lose" number.
- You could gain: a year of the increase, after the fee.
- Years of the increase one move-out costs: one turnover divided by a year of the increase after the fee.
- Empty days that wipe out a year: a year of the increase after the fee, minus the turnover cost, divided by a day's rent, rounded up to a whole day.
- Turnover cost that wipes out a year: a year of the increase after the fee, minus the rent lost on your empty days.
- Payback month: one turnover divided by the extra rent each month after the fee, rounded up to a whole month.
This is an estimate for comparing choices. It does not predict whether a tenant will stay or leave, or what any home will rent for.