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Updated about 3 years ago,
More rent vs. good tenant
So I have one income property only so I’m new to this. It’s a detached duplex so basically a mother in law suite. 1/1 with laundry unit, their own electric meter, water meter and tenant pays all utilities. I’m in broward county 2 miles away from Hollywood beach. Rent right now is 985$ per month based on previous owner.
Question is, do I go up to about $1100 in rent to keep the good, quiet tenant or do I try to go for the 1400-1500$ rent I think I can get take a chance on the tenant I get?