@Jade Bloomfield @Lauren Olson I think it is obviously important to consider  your local market when looking for the right market to implement your strategy.

Here are some ways that you might want to think about that risk1) What does supply/demand look like in your area and how long do you think it would take to get a market rate tenant2) Set expectations with the existing tenants that you would prefer them to stay and therefore you will be implementing a small increase but that they will still be below market and will therefore save $x per year over a comparable rental3) highlight any additional value that you will bring in return for the higher rent e.g. more responsive management, rehabs, additional amenities etc.4) Assess whether the tenant is one that you are interested in keeping e.g. do they pay their rent on time and do they look after the unitGood luck!

You could just proactively shutoff the water to prevent and flooding situations form a broken pipe.It has a app so you can monitor and control the water valve and any detected leaks.I know how you all like apps!

That’s fine, don’t let a $2k tax hit stop you from preventing a $12k in 401k tax/penalty, plus use the leftovers to pay off credit card debt.

My question is how or what is the easiest way to implement this strategy.

If it is too high we could have figured that out long ago preventing appraisal cost, and 4 months of my time being wasted. 

Unfortunately, the car biz prevents me from having saturdays off.

I just finished the book and working on implementing it into my system!

👉Implemented a water savings program reducing our water bill by close to 30%.

It prevents disconnects and the fees/time associated with reconnection and provides you notice that your tenants have service in their names.