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Updated over 3 years ago,
Raising Rents Compliently
Hello everyone. About to have my first multifamily property under contract with my partner in Cincinnati, OH. Got it for a good price once I raise the rents.
All tenants are on month to month leases, and I know that rents can go up $100- $150 per unit right from the start. Am I able to give them a 30 day notice that the rent will go up or I will not be renewing there lease? Please let me know if there is anything I should beware of. Being a rookie I just want to make sure I do it correctly and legally . Excited for this journey and thanks in advance!