How to raise the rent?

[Paul M. DeAngelis]

BP,

Just closed on a condo and inherited a tenant who is there on a month to month lease. She has been a tenant for a couple years and is very clean and always pays on time.

It is in our strategy to raise the rent a couple hundred dollars at the start of the new year.

What would be the best way to go about doing this as to not upset the tenant too much?

Thanks!

[Philip Williams]

Also you might not want to wait till the first of the year. If the tenant decides to leave you would have a much easier time filling your unit now, rather than in the middle of winter.