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Updated almost 3 years ago,
Advice on Raising Rent
Hello all, I know there's a lot on here I've filtered through on raising rent. I have a strong pulse on the laws in my state and understanding the rules on raising rent (no rent control) That said, I could really use some advice on raising one of my tenants rent. I have closed on my first duplex and the first time I'm raising rent. One tenant will be leaving and creating a vacancy in January. The second, will be a long term tenant, she has autopay and is low maintenance and do not want to lose her as a tendant.
However, her rent is really low. She is at $1100. a month and market for the unit is $1650 .
Could you all please share your experience, your advice would be so helpful.
Thank you!!