by 
The Curious Bag
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<h4 class="dechead">On One Hand: Increase the Rent Enough
If you have a mortgage on the home you rent out, your monthly mortgage payments will go up if the property tax or homeowner's insurance increases. If you use the rent you collect to pay the mortgage, you should increase the rent at least enough to cover the additional costs.
On the Other: Don't Increase the Rent Too Much
If you increase the rent too much, you may lose your tenant. Although most single-family dwellings are not subject to rent control, you should confirm this with your state's housing authority, as rent-controlled rentals have an increase cap.
Bottom Line
Research rental prices in your area and set your rent to be competitive, so both you and your tenant stay happy. An increase of 10 percent is generally not out of line, especially if you did not raise the rent in the previous year. Check with your state's housing authority to confirm rent control status and tenant notification requirements before raising the house rent.
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