Rental Property Investor · Los Angeles, CA · Member since 2019 · 13 posts · 3 votes
I'm in negotiation on a duplex which was converted from a 2 bed 1 bath each unit to 4 bed 1 bath so total the duplex has 8 bedrooms and 2 baths (1820 sq ft). I checked the records and the rooms are permitted.
Should this deal go through, should I plan on raising rent w/ 1-year lease and raise the rent? one unit has 3 of the 4 rooms rented and the other unit is just a woman and her husband. Also one of the tenants has 1 dog? or 2? im not sure as there is a shared driveway and I saw 2 dogs when I drove by the other day but it could be the neighbors.
I plan to charge pet rent but cant find any solid guidelines online on my city site (LA).
Rental Property Investor · NC · Member since 2018 · 776 posts · 776 votes
6y
Well, it depends if the tenants are already at market rent. You will have a long vacancy if you try and overprice the property. They have a year left on the lease? Are you planning on living in the duplex? You can't really do anything until the end of the lease.