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Updated over 7 years ago,

George Sharrett's profile image
George Sharrett's profile image
George Sharrett
  • from Olympia, Washington
  • Member since Dec 10, 2016
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George Sharrett's profile image
George Sharrett's profile image
George Sharrett
  • from Olympia, Washington
  • Member since Dec 10, 2016
Connect
George Sharrett
  • Olympia, WA
0
Votes |
15
Posts
Buying & Selling Real Estate

Raising rent on long term tenants with new purchase...

George Sharrett
  • Olympia, WA
Posted

I am buying a duplex with two existing tenants. One side is well under market value and I intend to raise the rent. Just curious how others handle this situation. Kick them out, clean, paint and offer it at new market rate, work out a gradual increase over time to keep the tenant (possibly...) or what?

Thanks,

George

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