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Updated over 7 years ago on . Most recent reply

Sam King's profile image
Sam King's profile image
Sam King
  • Investor
  • from Lexington, South Carolina
  • Member since Jul 12, 2017
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6
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0
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Sam King's profile image
Sam King's profile image
Sam King
  • Investor
  • from Lexington, South Carolina
  • Member since Jul 12, 2017
Connect
Sam King
  • Investor
  • Lexington, SC
0
Votes |
6
Posts
General Landlording & Rental Properties

What is the best way to increase rent on a good tenant

Sam King
  • Investor
  • Lexington, SC
Posted

I currently have a good tenant, but believe the rent is at least $100 less than similar properties in the area.  I have heard from one source to slightly increase rent every year lease.  I have also heard that if you have a good tenant, to keep rent the same for 3 years and give 6 month notice that you will increase to recommended amount.

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