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Updated almost 9 years ago,
Increasing rent on an existing tenant
What strategies do people use to increase rent if a tenant is staying in your rental and wants to stay longer.
I have a townhome with 4 friends staying in it. They are pretty good and no issues. 2 of them are moving out and 2 more are coming in. The remaining 2 said they want to stay. The lease has been there for 1 year and expire end of June.
How do you figure out how much to increase rent by.