Raising Rents on 30 year and Recently Divorced Tenants? Need Help

[Phil Ciarrocchi]

Hey BP Family. 

I have come across a situation where I have found a possible place to buy that has significant under market rent values that haven't been raised in years. The one tenant has been there for 30 years and has health issues. The other is a recently divorced guy and his son who does handyman work around the place to pay less rent. 

So my idea is to have a property management group run the place and work on getting rents up to where they should be but how can we justify the increases without ruining these peoples lives? I understand this is a business and needs to be treated like one but I'm not one to kick someone while they are down. Any advice would be great. Thanks!

Phil