Raising rent/switching utilities while living in a house hack
Hi everyone! So last October I bought my first property. The property is a duplex and I am currently housing hacking it. I didn't want to, but after some negotiations I inherited the tenant that's been living there for 15 years. She's always been on a month to month lease so we kept that the same, but I only agreed to that once we the rent was raised. she was paying 900 and I rose it to 1200. When I bought the house I made the rookie mistake of taking on her utilities bill without knowing it. With Covid and New Jersey tenant laws I didn't want to push the issue since I was getting rent every month while I was fully renovation the unit I'm currently living in. Now that its been a little over a year do I raise the rent after I switch over the utilities or just do both at the same time.
THANKS!