How to Raise the Rent – Property Management St. Louis

selectstl • February 20, 2018

When you want to raise the rent in your St. Louis rental property , you have to do it at the right time and consistently with all your residents. Today, we’re sharing some guidelines for effectively raising the rent at your properties.

Property Management St. Louis: Annual Renewals

If your resident’s yearly lease is coming up for renewal, you have the perfect opportunity to raise that tenant’s rent. The standard of living increase is generally about three percent every year. So, you want to stay within a one to three percent rental increase. If you raise the rent too much, you run the risk of losing good tenants and facing vacancy costs.

Property Management St. Louis: Raising Rent Consistently

When you have more than one rental property and more than one tenant, it’s important to stay consistent. If you go up two percent for one tenant, make sure to go up two percent for all your tenants.

Property Management St. Louis: Shorter Tenancies

If your tenants are at the end of their lease and they only want to sign a six-month lease, you can raise the rent at a premium, and add $35 or $50 a month to the rent. In a situation where your tenants want to go month to month, you can raise the rent between $50 and $75. This is acceptable because you don’t know when they will give you their 30 day notice.


If you have any questions on how to raise the rent or you need help with property management in St. Louis, please contact us at Select Leasing & Management.

Share this post

Landlords Must be Prepared for Emergencies. Here’s How a Property Management Company Can Help

By Brett Murray • April 2, 2025
Rental property emergencies can take many forms, from nuisances like burst water pipes to life-threatening fires or natural disasters. Regardless of the severity of the emergency, landlords must be prepared to respond quickly and decisively to ensure tenant safety and to minimize property damage. Emergency preparedness for landlords who self-manage their rentals can be a daunting task. Entrusting a property management company instead is the perfect solution for landlords who are overwhelmed by the prospect. These professionals have the expertise to anticipate a variety of scenarios, plan and organize resources, and know what to do if and when a crisis arises. Here’s how they do it.

How a Property Manager Can Help You Avoid a Slip and Fall Lawsuit

By Brett Murray • March 6, 2025
Rental properties must be kept safe to avoid a slip and fall lawsuit. Hiring a property manager can take some of the pressure off of a landlord’s shoulders.

Landlords: Here’s How to Deal with Rental Property Damage

By Brett Murray • February 6, 2025
Rental property damage beyond normal wear and tear can stretch a landlord’s budget and patience. Know when and how to approach tenants about recouping your costs.
Show More