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Updated about 11 years ago on . Most recent reply

Dan Costantino's profile image
Dan Costantino's profile image
Dan Costantino
  • Rental Property Investor
  • from Pittsburgh, PA
  • Member since Jan 24, 2013
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178
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Dan Costantino's profile image
Dan Costantino's profile image
Dan Costantino
  • Rental Property Investor
  • from Pittsburgh, PA
  • Member since Jan 24, 2013
Connect
Dan Costantino
  • Rental Property Investor
  • Pittsburgh, PA
57
Votes |
178
Posts
General Landlording & Rental Properties

Raising rent on tenants that come with the house

Dan Costantino
  • Rental Property Investor
  • Pittsburgh, PA
Posted
I just bought a duplex fully tenanted. Market rent is $600/unit. It is rented for $425 and $475/mo. The $425 tenant has been there ten years. They have accepted an increase to $500/mo. I haven't talked to the other tenant yet but I'm thinking $550. Am I being a wuss by not moving them to market rents? The leases are up at the end of the month. They both pay timely so I don't really want them to go. Thoughts?
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