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Updated over 6 years ago,

Kally M.'s profile image
Kally M.'s profile image
Kally M.
  • from Elk Grove, California
  • Member since Feb 14, 2015
Connect

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9
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Kally M.'s profile image
Kally M.'s profile image
Kally M.
  • from Elk Grove, California
  • Member since Feb 14, 2015
Connect
Kally M.
  • Elk Grove, CA
0
Votes |
9
Posts
General Landlording & Rental Properties

Rent Increase

Kally M.
  • Elk Grove, CA
Posted

I have a rental in California that is $1200 below market (no rent control). Initially rented below market by $300. When I look at current market, I realize I could be getting a lot more. I have a tenant I would like to keep however I'm not sure how to do this. Tenant has been renting for 5 years with increase of $60 in year 2 and $60 in year 4, and I would like to increase $100 this May and another $100 in 6 months. Does this seem reasonable?

Thanks.

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