rental increase strategies

[Jerry Johnson]

Hello Everyone.

I'm looking to invest in properties that are currently rented.

There single family homes, most have 1 year leases, and rents are low enough to raise ($25 to $75) range. Im thinking to get financing for these properties, which should be easy bc properties are cash flowing.

Properties do need some minor exterior work as well as interior work.

I would like to lock in the tenants with a 2 year lease, to secure the loan amount for the first couple yrs.

I would also like to raise some rent cost just to help with additional rehab.

There is still some due diligence needed on the properties.

I would like to give the tenants options, far as renewing there leases . Hoping to get 60% of them to extended or all,  specially if they have great rental paying  history.

Please give me your thoughts ?

thank you.