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General Landlording & Rental Properties

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Austin Fox
  • Architect
  • Fort Lauderdale, FL
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37
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Raising Rent - Best Method

Austin Fox
  • Architect
  • Fort Lauderdale, FL
Posted Sep 18 2019, 17:13

Hello BP,

Im reaching out for advice as I am unsure of how to raise rent with my tenant. It's a month to month verbal agreement with a good friend of mine. He pays every month and we've had no issues for the past 7-8 months. Whats the best way to approach this? My goal is to get another $100 per month. Right now the rent is at $750.

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