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Updated about 8 years ago,

User Stats

71
Posts
25
Votes
Bradford Myatt
  • Investor, Teacher
  • Central New York, NY
25
Votes |
71
Posts

Raising Rent

Bradford Myatt
  • Investor, Teacher
  • Central New York, NY
Posted

Just looking from feedback from anyone who has been there before.  I purchased a MFH last year and inherited a tenant who had just signed a two-year lease.  The rent was about $100 below market.  This tenant, however, is ideal; takes fantastic care of the property and is impeccable with rent being sent on time.  Ideally I would like to get the rents back up to market.  How do I balance the need to raise the rent by $100 to get it to market, but at the same time ensure I get to keep her as a tenant? 

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