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Updated over 8 years ago,
Raising Rents
Curious what people thought about raising rents. I and a partner have a 6 plex locked up and rents are under market big time. They are currently at 505-550 and should be 650 or so. Would you advice immediately raising to market or do it incrementally, or only raise a few units. I am leaning toward bumping them up to 600 now and then in six months or so go all the why up to market. Anybody with some opinion on this would be welcome to leave their advice.
Thanks,