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Updated about 3 years ago on . Most recent reply
How much can you rent Increase
Hey Guys im a new investor in Detroit, I recently purchased a property on the East side, and its currently below market rent. Their lease is currently over and they are on a month-to-month lease. I was wondering if are any laws that are pertaining to rental increase? if so, are there any resources on where you can find the law?
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Nathan Gesner
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- Cody, WY
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From what I am able to find, Detroit does not regulate or limit the amount of a rent increase. Give them 30 days notice in writing and raise it to your heart's content.
- Nathan Gesner
The DIY Landlord Book
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