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so i was speaking to a landlord the other day and were buying the property and they have got their property rented out for 500 pounds below the going rate today and i realize so many people dont understand how when and should you increase your rent and that is what im going to be going through in this video [Music] specifically what im going to be going through in this video is why would you want to increase your rent why wouldnt you increase it when can you increase it and when should you increase it two very different things and then finally how do you actually do it in the first place how do you propose it and get it accepted and there are rules around this so why would you increase your rent well first of all why wouldnt you okay so theres inflation coming in if you dont know what inflation is its essentially eroding the power of money so a pound today is worth more than a pound tomorrow and as time goes on the value of a pound diminishes okay and thats not too bad okay
