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General Landlording & Rental Properties

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Melody R.
Pro Member
  • Real Estate Agent
  • Los Angeles
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80
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Best way to increase rent by $300 per month & keep tenant?

Melody R.
Pro Member
  • Real Estate Agent
  • Los Angeles
Posted Jan 18 2021, 12:36

I'm renting a SFR well below market. The tenants have been renting for almost a year, we have a month-to-month agreement. They are great tenants and I really hope to keep them but I need to increase the rent by $300 per month which is a 10% increase. What's the best way to do this while retaining the tenant?

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