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Updated almost 9 years ago,

Cheryl Daniels's profile image
Cheryl Daniels's profile image
Cheryl Daniels
  • Homeowner
  • from Philadelphia, PA
  • Member since Feb 4, 2015
  • Posts 70
  • Votes 24
  • Experience 10 Yrs
  • Investments 1
Connect

User Stats

70
Posts
24
Votes
Cheryl Daniels's profile image
Cheryl Daniels's profile image
Cheryl Daniels
  • Homeowner
  • from Philadelphia, PA
  • Member since Feb 4, 2015
  • Posts 70
  • Votes 24
  • Experience 10 Yrs
  • Investments 1
Connect
Cheryl Daniels
  • Homeowner
  • Philadelphia, PA
24
Votes |
70
Posts
Multi-Family and Apartment Investing

Rental Increase of 100 dollars

Cheryl Daniels
  • Homeowner
  • Philadelphia, PA
Posted

Hi! I inherited tenants paying 600. For an 800 sq ft 1 bed apartment in an ok area of Philadelphia.  I pay water/sewer, trash, public lighting, and gas. I kept that rate for 10 months  Its renewal time. I lost 9 grand on the apartment according to my accountant because its rented below market value. Can I go up 100?

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