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Updated over 5 years ago,

John Manner's profile image
John Manner's profile image
John Manner
  • Member since Jan 22, 2019
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17
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13
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John Manner's profile image
John Manner's profile image
John Manner
  • Member since Jan 22, 2019
Connect
John Manner
13
Votes |
17
Posts
General Landlording & Rental Properties

How to right size a rent increase

John Manner
Posted

Have a single family renting for $1200/month. Tenant is burning a lot of money heating in the winter because of fuel oil furnace and I hate the idea of fuel oil in a rental. We both want it replaced. Geo-Thermal will cost approx $25,000. Need to increase the rent to cover that, but how do I size the increase correctly? 

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