Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes
On paper it makes sense to raise the rent whenever your tenants lease is up. When you add more income to the spreadsheet that means you'll earn more profit right? Not always. Rental property investing is a people business, not so much a spreadsheet business. Before you raise the rent, you need to think about the risks associated with it. Will your rental increase be too much for your tenant? Will your tenant move out of your house? Will the tenant turnover be too expensive for you right now? How long will your rental property be vacant for? These are all things you need to factor in before raising a tenants rent in Chicago, Illinois. Tune in to HoltonWiseTV for more tips on Section 8 investing in the Chicago real estate market.