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hello my fellow property managers welcome to another video where we help you build grow and protect your property management company im mark cunningham and i want to talk to you for a few minutes about this idea of when it comes lease renewal time how do you decide the new rental rate i mean i mean what do you do you have so many factors in play and you dont want to lose a good tenant and inflations going up and rents are going up and the owner doesnt want the tenant to move and the tenant doesnt want how do we do that so let me just offer a few thoughts suggestions to kind of take away some of the emotion from the whole thing with so many moving parts and approach it from a truly business mindset and then explain that to your tenant to explain that to your owner some best practices around how to determine how much of a rent increase is to put in place now were coming out of covid and recording this video here in july 2022 and a lot of this is a extra big deal because a lot of pr