Giving a Tenant an $800/mo Rent Discount vs Spending $10k on a Turnover

[James Wise]

What should you do when you buy a property with inherited tenants who are paying way less than market rent? You can raise their rent up to market rate, but that may cause them to move out which means you'll have to spend a lot of money doing a unit turnover rehab. You can leave their rent where it's at, but you'll be giving away a ton of money in free rent every month. What is the most profitable way to deal with inherited tenants who are not paying market rent? Is there a profitable way to increase their rent without them moving out of your property?

Giving a Tenant an $800/mo Rent Discount vs Spending $10k on a Turnover | HoltonWiseTV Highlights

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