Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

244
Posts
126
Votes
Calvin Kwan
  • Oakland, CA
126
Votes |
244
Posts

Oakland Rent Increase Question - Banking and CapEx Pass through

Calvin Kwan
  • Oakland, CA
Posted

Hey Oakland Property Owners!

I have a few quick questions about rent increases.  I just bought a duplex and the current tenants have been in the building for 5 years paying $2,000 (on month-to-month).  They've had no increases since they moved in.  I know that I am allowed to bank rent, but I am also in the process of installing a new roof and incurring capex costs.  I'd like to bank rent and pass through capex if possible.  I'd like to sign the tenants up for another 1-year lease, but with updated rent, so here are my questions.

- Can I bank rent AND pass through CapEx costs to the tenant? I was informed that it's one or the other, but not both. Either would require a 30 day notice.

- Should the new lease just include the banking amount and capex amount, or does it need to be address separately?

- If I incur additional capex costs later, can I pass them through within the same year, or is it just 1 increase a year.

Thanks,
Calvin

Loading replies...