Should I ask for rent increase in purchase contract?
I'm wondering if you all could give me some pro's and cons:
I'm wondering if it's a good idea to asking for a rent increase as part of my purchase contract with a tenant who is month to month and the seller has a management company taking care of property.
My thinking is, if I were the seller and they asked this of me instead of asking for a lower purchase price I wouldn't mind. It also might be a great way to know if that tenant will take the increase and at the same time if they don't I'll have a vacant unit ready at close that needs rehab. Win win? Turnoff to seller?
Thanks!