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Updated over 1 year ago on . Most recent reply

Maria De La Vega's profile image
Maria De La Vega's profile image
Maria De La Vega
  • New to Real Estate
  • from San Diego, CA
  • Member since Jul 6, 2023
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Maria De La Vega's profile image
Maria De La Vega's profile image
Maria De La Vega
  • New to Real Estate
  • from San Diego, CA
  • Member since Jul 6, 2023
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Maria De La Vega
  • New to Real Estate
  • San Diego, CA
11
Votes |
56
Posts
Managing Your Property

How many months in advance can I increase the rent of a room?

Maria De La Vega
  • New to Real Estate
  • San Diego, CA
Posted

Hi,

I have a tenant that has been renting a room in one of my properties. He will be there for a year next January 2024.

How many months in advance do I need to let him know of an increase rent for next year?

How much can I increase it?

TIA

San Diego, California
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Noah Laker's profile image
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Noah Laker
  • Real Estate Broker
  • from Sacramento, CA
  • Member since Mar 17, 2021
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Noah Laker's profile image
Noah Laker's profile image
Noah Laker
  • Real Estate Broker
  • from Sacramento, CA
  • Member since Mar 17, 2021
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Noah Laker
  • Real Estate Broker
  • Sacramento, CA
387
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472
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Noah Laker
  • Real Estate Broker
  • Sacramento, CA
Replied

If he's lived there for less than a year, probably only 1 month, unless he's on a term lease right now. The more advance notice the better. 

(I'm a real estate broker, investor, and property manager, but I am NOT a lawyer!)

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