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Updated over 8 years ago, 04/22/2016

Account Closed
  • Investor
  • Cambridge, Ontario
5
Votes |
25
Posts

Rent increase

Account Closed
  • Investor
  • Cambridge, Ontario
Posted

Just wanted to ask a question regarding rent increases. I have 2 buy and hold properties. My wife and I bought our 1st rental in 2010 and 2nd in 2014. We have always been of the mindset of keeping the property up to date by making upgrades through the coarse of the year for each property as we want to keep our tenants happy and show them that we do care for the property and to keep the property value increasing. Since we have stared renting our properties we have built a great tenant/landlord relationship. That being said we have never increased the rents, just curious to see what other investors would do. Increase rents? Or keep on going the way we have? I forgot to mention that each property has great cash flow.  Thanks in advance for your comments.

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