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Updated over 1 year ago on .

Bryan Gillison's profile image
Bryan Gillison's profile image
Bryan Gillison
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  • Member since Sep 26, 2022
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Bryan Gillison's profile image
Bryan Gillison's profile image
Bryan Gillison
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  • Member since Sep 26, 2022
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Bryan Gillison
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General Landlording & Rental Properties

Increasing Rent in NYC-Long Island??

Bryan Gillison
Pro Member
Posted

Hello Bigger Pockets Family!!

I am a new investor and due to close on a multifamily that I will be house hacking. I will be inheriting non lease, month to month tenants and I would like to increase rent (they are currently paying 5-600 under market). This property is in Long Island NYC and I'm asking a 2 part question:


1. How much can I raise rent legally?

2. How do I go about this increase?

Thanks

- Bryan

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