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Updated over 2 years ago,

Joel Houston's profile image
Joel Houston's profile image
Joel Houston
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  • Member since Aug 8, 2021
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Joel Houston's profile image
Joel Houston's profile image
Joel Houston
Pro Member
  • Member since Aug 8, 2021
Connect
Joel Houston
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12
Posts
General Landlording & Rental Properties

How much should I raise rent for remodel

Joel Houston
Pro Member
Posted

I’m considering a master bath remodel for an occupied unit. The tenant is all for it. Rent is currently $1500. Does anyone know of a ball park metric for how much your rent should increase in relation to how much money you invest in a remodel? Should it pay for itself in X # of years? How do you fairly assess the rental increase after an upgrade?

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