Strategies on increasing tenant rent
Iron Sharpens Iron. I want to hear your most effective ways at increasing rent from an already existing tenant.
I personally write up an email or letter 60-90 days out from renewal explain that their rent will be going up due to a number of reasons and that hopefully the service we provide is enough to convince them to stay (said in much more political terms then that).
What do you do for your tenants? How would you improve my method? Thanks guys!