General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated 2 months ago on . Most recent reply

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?
Most Popular Reply

Nathan Gesner
Property Manager
Agent
Pro Member
- Real Estate Broker
- Cody, WY
- 41,074
- Votes |
- 28,065
- Posts
Quote from @Alex Silang:
Stop playing around. Rent it for what it's worth. If the tenants can't afford it, let them move out and find a new renter willing to pay what it's worth.
- Nathan Gesner

The DIY Landlord Book
165 Reviews
4.7 stars