How to best handle tenants at will?

[Alan F.]

When looking at investment properties, sometimes I come across ones that have tenant at will, usually long term tenants who are paying way below market rent. How do you guys handle these situations to try to bring the rent up to market value in the least awkward/ painful way? Thanks for the insight!

[Thomas S.]

I do not "try" I do raise rent to full market immediately. I never find it to be awkward or painful. Fortunately my money has no feelings.