Raise rent or keep good tenant
I think I already know the answer to this but I just wanted to throw it out there to see what others think.
Assume you have a rental making $1400. Rents have increased over the past year and you could now rent it out for $1500. The current tenant has been there 1 year and has always paid on time. They have maintained the property and kept it in good condition. You hear very little from them. They want to stay several more years.
Do you kick them out and put it on the market for $1500 or do you sign a 1, maybe 2 year extension?