Rent Increase

Raising the rent amount, typically at lease renewal. Tennessee has no rent control, so there is no cap on increases. That said, market conditions set the practical limit. A 5% increase on a good tenant paying $1,200 gets you $60/month more. A 15% increase that causes them to leave costs you $3,000+ in turnover. Price the increase to retain good tenants while keeping pace with the market.