How to raise rent in Bridgeport
Hey everyone!!
I did it !! Pulled the trigger on my first deal!! Its very exciting and stressful at the same time lol
So heres my situation that I need help on.
I'm buying a Duplex in the Black Rock Area . Ill be living in one unit . The other unit is priced a bit below market. Its a 2 bedroom renting at $1250. Easily this can go for much more as ive seen some rented on rentometer.com average $1450. Looking at the pro reports , some in the area have rented as high as $1600 a block away.
is there a limit Percentage or amount you can raise the rents when the leases are up by law ? Wanna know what im allowed to do . Not looking to get into any legal trouble.
How would you bring the rents up to full market?
Also any advice is very much appreciated to help out a Newbie!