First Time Rent Increase

[Wade Garrett]

Just did my first rent increase notification to a tenant, from $900 to $1,050. Effective Nov 1. I just bought the place three weeks ago and she was m2m. I could get $1,100 for the place. Yeesh. Was a tough phone call to make, but I guess I'll need to develop thicker skin.

[Jim Adrian]

@Wade Garrett

Make sure you gave the tenant proper notification.  Typically you need to provide written notice but check with your local landlord tenant laws.  Always use certified mail. That big of a jump in price may cause the tenant to leave.