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Updated over 11 years ago,

Aaron Sims's profile image
Aaron Sims's profile image
Aaron Sims
  • from San Mateo, California
  • Member since Aug 20, 2013
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Aaron Sims's profile image
Aaron Sims's profile image
Aaron Sims
  • from San Mateo, California
  • Member since Aug 20, 2013
Connect
Aaron Sims
  • San Mateo, CA
0
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17
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Starting Out

Raising rents in California

Aaron Sims
  • San Mateo, CA
Posted

I just purchase a 4 unit apartment building with no rent control. Here's the problem I'm having the rental market is really strong here in California. Rents for a 1bedroom is going for $1500. I have a tenant who's been there since 1979 and she's only paying $635 a month. How much can we raise rent?

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