Updated over 5 years ago on . Most recent reply
Rent below market value
Just purchased a triplex( first rental property) with two tenants occupying the units one being vacant. The rent they are paying is way below market value. How do I approach this situation to increase rent setup payment options as well as leases?
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@Rob B. Thank you for your input. The tenants are month to month formal notices was sent out in regards to rent increase taking effect Jan 1. 30 day vacancy notice if tenant plans to leave