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Updated about 7 years ago, 10/31/2017

User Stats

81
Posts
9
Votes
Duane Hundley
  • Investor
  • Lynchburg , VA
9
Votes |
81
Posts

Rent increase for 7 year old tenant

Duane Hundley
  • Investor
  • Lynchburg , VA
Posted
I’m purchasing a new property and the tenant as been there since 2010 and I’m sure hasn’t had an increase. He’s currently paying $300 and the property next door in same condition is currently for rent for $550. What would be a reasonable increase without running a good tenant away?

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