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Updated 6 days ago, 12/16/2024
Raising rent again only a month after?
I have a unit that is paying significantly below market rent. Let's say $800 in a $1000 market price area. I have it raised for $25 on 1/1.
There was a huge cost recently.
I want to raise it another $50 on 2/1. Not the best thing to do - I should have raised it originally for a higher amount. But price will still be significantly below market.
What are your thoughts on this?