Tenants and rent increases

[Bianca Rodrigues]

Hi All,

When purchasing a multi with existing tenants paying below market rents, how do you go about increasing rents? Do you provide some sort of incentive? 

What happens if a tenant doesn’t want to accept your rent increase notice?

Thank you!

[Eliott Elias]

Look at the market, make sure upping rents are justifiable. Review the lease agreements. Give notice, you don't need to give an inventive.