Raise rent, cash out refi, or sell rental property in Charlotte?

[Wendy Leeman]

Hey everyone, total BP newbie here and my first post. Question- what would you do if you owned a rental property that 1) has long term (6 year+) tenants on a month-to-month lease that continue to pay throughout the pandemic but pay lower than current market rent, 2) was just refinanced last year for 15 years and now nets $100/mo, 3) now has equity of $100k+?

I’m thinking the answer lies in what your goals for real estate investing are. Right now I do not know what mine are so I would love to hear any and all thoughts and insight!