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Updated almost 5 years ago on . Most recent reply

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I was just about to raise rents when the virus hit.

Geoffrey Morales
Posted

Now with the virus will underway , I won’t raise rent but I still need to do it. Do you think there will be a time to do it this year or is this year a wash and just raise rents next year.

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Anthony Wick
  • Rental Property Investor
  • Ankeny, IA
3,901
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Anthony Wick
  • Rental Property Investor
  • Ankeny, IA
Replied

@Geoffrey Morales

I just raised my rents on units whose lease ran out. They were about $50 under market value. I raised rents $40 on units rented at $1,375.

All my tenants are still working and paying rent.

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