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Updated over 2 years ago,
How to deal with tenants paying super low rent?
Hi everyone!
I currently have a property that suits my criteria, but their is one big problem. The property is a quadplex that has tenants paying less than half of market rent at this moment. To maximize my cash-flow on this purchase, I would like to increase rents to the market value by finding new tenants but I am not sure how I could get the tenants out. Their lease ends in 6 months, so is their any way to fix this problem? Also, I am from Quebec, Montreal so the laws will differ from some other place.
Any advice would be so appreciated, thanks!