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Updated over 5 years ago,
Raising rent question
Question for active landlords doing God’s work out there!
Current tenants are on a month to month for a 2bd/1bth duplex unit. Tenants signed a 6month lease with a verbal understanding that a 20’x10’ covered deck (lanai) would be built and washer and dryer option added. Fast forward 8 months and all stated work is completed and permits signed off by C&C.
NOTE: washer and dryer Hookups were provided only. Tenants were verbal notified washer and dryer will not be provided by landlord at month 7 when asked.
Current rent is $2,000 (utilities not included). My initial thought was 30 day notice of rent going up $300 now all work is complete.
Would appreciate any peer landlords opinions that have experience on raising rent?
Mahalo for your time!