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Updated over 8 years ago on .

User Stats

360
Posts
354
Votes
Christian Hutchinson
  • Investor
  • Detroit, MI
354
Votes |
360
Posts

renewing lease for tenants

Christian Hutchinson
  • Investor
  • Detroit, MI
Posted

I have a garden level unit (1b/1ba) in Brush Park in Downtown/Midtown Detroit, MI.

I charge $1000/mo.  I'm trying to determine whats the market rate now.

FYI, Cable, internet, gas, water, heat are included.

I don't want to run off my current tenants, but I want to be able to increase my profits so I can continue to improve my properties and fuel growth...I know lots of units are coming online, so it creates a slight softness in the market.

Anyone holding in these areas of Detroit with some insight?