Joe DownsCEO & Co-Founder, Belrose Storage Group. Founder, Storage Moguls.

How to run annual rent increases without losing tenants

15 May 2026 · 1 min

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Property operators can raise annual rent on existing tenants without losing them by giving 60 days written notice before fall move-in, framing increases as facility investments, and keeping raises to 3-5% or CPI-linked amounts. Separate annual increases from seasonal pricing.

Chapters

Separate from seasonal pricing, you should be implementing an annual rate increase on existing tenants. The mechanics matter. 60 days notice in writing communicated before the fall move-in season. Frame it as a facility investment. This year we added X, and that's why you're raising the rate. Our rates are adjusting to reflect the improvements in current market. A CPI-linked increase or fixed 3 to 5% is the range that most boat and RV markets absorb without significant attrition.