I doubt you can do that. In you have to give a month, at least 30 days and during the COVID pandemic there were no increases or evictions allowed. Period. You should check with your local city bylaws or a good lawyer on less than that.
As an owner, why would you do that to people at this time & right before Christmas?
Do you want to get coal in your stocking? Ha ha
I would ask what kind of people live there?
Seniors? I doubt they can afford it right now unless your new President is going to increase their pension amounts?
Working people? Do you know that most working people will not get a raise until the New Year, and likely the holiday season will take up a lot of their earnings, but some may get a bonus.
If I were you I’d wait until January.
You might even want to arrange an informal “meet & greet” COVID style before you send them a rent increase.
BTW rents went up $75/yr here for the last 10 years. It’s now $1115/month per pad & owners do yard work & incl water/sewer/garbage + parking pad for 2, bad wifi. Cable & electric extra.
No trailers or rec vehicles in yards, security & credit checks req. Pay for storage in secure yard is $50/month. Used to include natural gas now all metered.
Rent increases sent out Feb 1 could not be implemented until Aug 1, due to the pandemic rules.
The company owns some of the homes & rent at $1300/month maintenance included, electric/cable extra. They will also evict and/or foreclose in 14 days for no -payment and then Reno the older units, which they buy for cheap & then sell or rent out.
BTW Brand new 2 storey townhouses built across from us & are 3 bedroom/2 bath w/parking under 1st floor in garage & 1 outside are $1500/mo rent only. No owners.
But SENIORS cannot live in those townhomes as there are 20 stairs up to the main floor & 20 stairs up to bed. We bought mobile homes to retire in & live without stairs.