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Updated over 4 years ago,
How to increase rents with rent control
Hey BP Community! A 10+ unit multifamily deal I'm underwriting in NJ is in a location bound by local rent control laws. The rents vary amongst the units and are under-market so I would want to increase them. What is the best way to do that given the rent control laws? Are there strategies I could implement to increase the rents and force appreciation on the building?