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All Forum Posts by: Eric McCusker

Eric McCusker has started 1 posts and replied 2 times.

General Landlording & Rental Properties

Post: Is raising rent with a long term tenant a good idea?

Eric McCuskerPosted
  • Posts 2
  • Votes 4

@Bill Brandt

Problem is, I have a property manager…..

2 Votes
General Landlording & Rental Properties

Post: Is raising rent with a long term tenant a good idea?

Eric McCuskerPosted
  • Posts 2
  • Votes 4

I’ve had the same tenant in my single family home for 12 years and have never raised rent. They are great tenants that pay on time, never really complain, and generally take good care of the property. Since their fist signing they rent for $1595 but now market rent puts the house around $2100 (possibly more).

What are the thoughts on increasing rent? The lease renews this August.

Another data point is, I’m breaking even each month as is but building equity.

2 Votes