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General Landlording & Rental Properties

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Quan Tran
  • Worcester MA 01602
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Increase rent during pandemic, should we?

Quan Tran
  • Worcester MA 01602
Posted Nov 15 2020, 12:47

Good afternoon everyone, all inputs are much appreciated.  We have a 3 family house with each unit having 3 bedrooms.  The going market rate now in Worcester MA is between $1400 to $1600 if I'm not mistaken and I only rent out my unit for $1,000 because they are long term tenants ( 4 years and 5 years).  We want to increase our rent to $1100 but we are hesitant because of the pandemic.  Any thoughts?  Thank you.

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