Raising rent on tenants after acquisition

[Christopher T. Murray]

Hello Everyone,

I have found a 3unit property that I want to buy. 2 units are occupied by long term tenants who are paying far less than what they should be per month. The current owner has not raised their rent at all in 10+ years. For this property to cash flow I need to get about $100 more per unit per month, which would bring them current with the market standard of the area. Im not sure how to approach this, especially because I plan on occupying the vacant unit. I fear negative relations may ensue. Does anyone have experience with this?