General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 6 years ago,
I just bought my first 3 family... I'm so excited.
Hello BP forum. I just bought my first three family house In Lancaster Massachusetts, I'm very happy that I was able to pull it off. It came with one set of tenants who have been paying 750 per month which is very low for the area. The heat and hot water are included so I told them I was going to raise the rent to 1000 in a few months but today I just found out that the previous landlord was also paying for the electric. Should I / can I raise it even more or should I honor the 1000 I told them.