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A Wave of Zoning Law Changes Could Have Huge Impacts for Investors and Housing—Here’s What You Need to Know
The U.S. is facing a housing deficit of about 3.2 million units, and the situation is especially dire in urban areas like New York. It’s one of the reasons prospective homebuyers are finding […]
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General Landlording & Rental Properties
HomeForumsGeneral Landlording & Rental PropertiesRent increase to market value
Hanna Minkin's profile image
Hanna Minkin's profile image
Hanna Minkin
  • Investor
  • from Randolph, New Jersey
  • Member since Apr 20, 2016
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Hanna Minkin's profile image
Hanna Minkin's profile image
Hanna Minkin
  • Investor
  • from Randolph, New Jersey
  • Member since Apr 20, 2016
Connect
Hanna Minkin
  • Investor
  • Randolph, NJ
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21
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General Landlording & Rental Properties

Rent increase to market value

Hanna Minkin
  • Investor
  • Randolph, NJ
Posted May 11 2018, 18:59

Hi, I own MF in NJ and rents were severely undermarket. I renovated the whole building and increased rents to market value. Tenants complained to the township about high rent increase and dont want to leave even though I gave them 2 months. Is there anything else to do except for applying for eviction?

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