Raising the rent

[Rob McCray]

I have 9 doors all in a small town. Sometimes that can cause an issue. We have 1 unit that a friends child lives in with their young family. They have been great tenants and in the place for about 3 years. They were in a bind when our place came open and I let them in without raising the rent to what it should have been at the time. I have raised it once since but am still about $300-$400 below market. I'm looking for the best way to approach rental increases? Should I sit down and go over comparable properties or will that mean much to a tenant?