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Updated about 6 years ago,
Rent increase question
Hey Guys,
My first investment property is up for renewal shortly. It is in Villa Rica, GA (20 miles from Atlanta) and currently the family pays $1250. I'm not sure if they want to renew it or not. The contract says it is converted to month to month after with $100 increase. If they want to renew it for another year, how much should I increase it by?
Thanks in advance
Sachin