To Raise the Rent or not to Raise the Rent

[Michael Dorey]

Wanted to get the opinion of other folks on here.  I have a property that I have a long term tenant in.  It is an older couple and they have been there almost 10 years.  I have only raised rent one time in the 10 years and that was about a year ago.  It is a little (less than 900 sq ft) 3 bedroom house.  Market rent should be about 100 to 150 higher than it is now.  

Should I raise the rent maybe 50 dollars or should I leave it alone.  I don't want to raise rents and then they move out and then I get someone else who doesn't pay right.  They have never missed a payment and have only been late one time in 10 years and they called that time about a week in advance and let me know.  

They take very good care of the property and actually fix things themselves when they break and only call me if its a major problem.  

Any opinions on what I should do?

[Patricia Steiner]

A great tenant is priceless...and they're also saving you money by fixing/maintaining the property.  I don't think you need anyone else's advice. You're doing just fine without us.

Rock on!