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General Landlording & Rental Properties

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Rick Zink
  • Investor
  • Little Elm, TX
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31
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Rental rate increase

Rick Zink
  • Investor
  • Little Elm, TX
Posted Aug 30 2015, 10:20

I have never had a renter in one of my rentals long enough to raise the rate on them.  One of my houses I am charging well below market value I have recently learned.  The current renter is dependable...pays on time, takes care of the place, etc.

I would like to increase the rent but at the same time do not want to lose the renter as you never know who is coming next.  I do my due diligence prior but I am sure anyone with experience can tell you that you can only go so far and nothing is guaranteed.

Can someone maybe give me some pointers on approach/methods of raising the rent? 

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