Long-Term Tenants vs Higher Rent

[Bryan Quinn]

I looked at two duplexes (C Neighborhood). One of the duplexes has long-term tenants in place (years) but below market rate. If I were to buy, should I hang on to them assuming I can make some sort of profit or raise the rate and possibly lose them? If they were to move out, I would definitely have to update the units to get market rates. This will be my first rental property. A little nervous!!