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General Landlording & Rental Properties

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Gary Stringer
Pro Member
  • Investor
  • Myrtle Beach, SC
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6
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To raise rents or not to raise rents

Gary Stringer
Pro Member
  • Investor
  • Myrtle Beach, SC
Posted Apr 1 2015, 03:49

I have two tenants who have been with me - one for 4 years and the other for 7 years- We have been through tough times here in my locale and there have been many empty units- I have these tenants in single family homes and they pay each month- Golden tenants.

I have not ever raised their rent and my insurance and taxes have gone up and I find myself with a .05 return  per year- I think I am behind the times for similar properties by $100/month

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