Unwarranted rent rises

Picture this. Landlord owns over 100 units. Has done so for more than 50 years.
Easily bringing in over one million 800 thousand dollars a year.
Over 50 years, how much would have been accumulated?
Notice of rent rise each year. This time $100 a week.
Anyone out there tell me how the constant rent rises can be justified?
Remember, currently bringing in $1.8 million a year.

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OriginalNedKelly · M

I am not sticking up for landlords

Bad tenants that do not pay for long period of time 3,6 9 months no rent being paid

Landlord does have expenses

Water rates
Land Rates
Household insurance
Strata fees - if units or villa
Real estate management fee of 5–12% of weekly rent
What do my property management fees cover
The list of tasks a property manager will do for a landlord includes:

1.advertising the property for rent
2.managing and attending rental property viewings
3.screening tenants, including doing reference checks and reviewing rental history
4.managing the condition report process
5.managing the tenancy agreement signing process and handling questions
6.managing financial accounts for the investment property and providing regular reports
7.inspecting the property on a regular basis
8.organising tradespeople, in negotiation with the landlord, for repairs and maintenance.
9. Letting/Leasing Fee: A one-time fee for finding a new tenant, covering marketing, viewings, and screening, usually costing 1–2 weeks' rent.