Updated over 7 years ago on . Most recent reply
Made an offer and have questions!
I have owned several properties however i have never inherited tenants..
Made an offer on two tri's yesterday. All units are currently rented. 50% are a couple months into year lease and the other 50% are on month to month. The current rents are in the 500's, the rents need to be 700. The market would support 700 easily.
My question is, can I and how do i raise the rents the day i take over? Has anybody dealt with this want to share your experiences?
This property is in Florida.