Updated almost 5 years ago on . Most recent reply

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!
Most Popular Reply

Hey @Mathew Fuentes, congrats on your first deal! I myself am a new investor, I currently live in and rent a duplex in West Haven.
I feel like the answer to your question depends on if you’re willing to deal with potential turnover to get the unit up to market rent, or if you would rather slowly bring it up over a number of years while trying to keep the same current tenant. Personally I’m not aware of any rent control in the state of Connecticut, but definitely check with the city of Bridgeport first.