Updated almost 9 years ago on . Most recent reply
Raising Rent
Just looking from feedback from anyone who has been there before. I purchased a MFH last year and inherited a tenant who had just signed a two-year lease. The rent was about $100 below market. This tenant, however, is ideal; takes fantastic care of the property and is impeccable with rent being sent on time. Ideally I would like to get the rents back up to market. How do I balance the need to raise the rent by $100 to get it to market, but at the same time ensure I get to keep her as a tenant?