House hacking and rents

[Tammy Ginsburg]

Hello,

I’m interested in purchasing, my first property and one of the problems is the tenants, that are there, are paying, extremely under-market rents. How do I, as a new landlord, go about to up there rents? I don’t want to be the bad landlord but I do need to up it by 600-700 dollars at some point. I just don’t know, if that’s a crazy amount but, that is the market value. Any suggestions? I need to meet the criteria of my investment, especially if going to live in one of the units. Thank you in advance.

There is not rent control in MA.

Is this worth the hassle or find a new property without tenants?

[Eliott Elias]

Have a honest conversation with your tenants on what they can afford. There is a cost to turnover and it may be cheaper to raise rents alittle bit with current