Acquiring tenants and them meeting "Your" qualifications

[Brett Hearn]

Hey everyone, I have a general question for you master landlords out there.  I am about to buy a triplex and the situation is as follows:

1st tenant month-to-month

2nd tenant 3 months left on lease

3rd tenant 6 months

The rent is grossly under market, so I planned to purchase the property and re-screen the first tenant who is month-to-month.  If they do not meet my standards I would ask her to leave as I will be raising the rent $150.  I do plan on doing some reno on the unit so there is some justification for raising the rent.  If they do meet the qualifications and they agree to $150 rent hike then they can stay, no problem.

I then plan to do the same thing to the 2nd tenant when their lease comes up, and the 3rd as well.  I am doing this in CA.  Am I able to use this strategy?  Or is there a better way to go about getting the raised rents and getting the tenants in the units that "I" have screened.  Again if they agree to the rent increase, and they qualify my screening process (Standard screening: 2 times the rent 650 credit score, deposit 1st months rent plus deposit etc.) they can stay, no problem.  Yet, I doubt they will want to pay so that is fine with me.  Anyway, any advice or different strategies are welcomed.  thanks