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Updated almost 3 years ago, 03/05/2022
How do you solve rent discrepancies when buying rental properties
Hi Newbie here,
I am looking at properties but the rents are 5 to 9 hundred below market on some properties. The issue is how do you get rents up to market with tenants in place. I am a newbie and cannot take a hit by raising rents and having these tenants getting pissed trashing the place and leaving. A double whammy. If I buy at a certain price with these rents I will be losing money. Is it just best to keep it moving?
Thank you,