Raising the Rent after Purchase....

[Mark Walker]

Has anyone got any good ideas on the best way to raise rent rent after you buy ?

I am buying a building and one unit is horribly under market.

The unit in question is on Month to Month.

[Todd Plambeck]

Give them the 60 days required and jack it up to $1450.  At $900 you are losing $550 a month or $6600 a year, at $1100 you are losing $350 a month or $4200 a year.  Unless you wear a red suit, have a white beard and collect your rents in a sleigh, that doesn't sound like smart business to me.