How do you solve rent discrepancies when buying rental properties

[Oscar Almonte]

Hi Newbie here,

I am looking at properties but the rents are 5 to 9 hundred below market on some properties. The issue is how do you get rents up to market with tenants in place. I am a newbie and cannot take a hit by raising rents and having these tenants getting pissed trashing the place and leaving. A double whammy.  If I buy at a certain price with these rents I will be losing money.  Is it just best to keep it moving?

Thank you,

[Eliott Elias]

It depends on what their lease looks like. If they are month to month you can increase it at the end of the month term. If your tenants are locked in for a longer period of time, you are going to have to wait for the lease to end to raise rents.