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Updated over 5 years ago on . Most recent reply

Kodi Parker's profile image
Kodi Parker's profile image
Kodi Parker
  • from Brooklyn, NY
  • Member since Apr 5, 2019
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Kodi Parker's profile image
Kodi Parker's profile image
Kodi Parker
  • from Brooklyn, NY
  • Member since Apr 5, 2019
Connect
Kodi Parker
  • Brooklyn, NY
1
Votes |
14
Posts
General Landlording & Rental Properties

Rent below market value

Kodi Parker
  • Brooklyn, NY
Posted

Just purchased a triplex( first rental property) with two tenants occupying the units one being vacant. The rent they are paying is way below market value. How do I approach this situation to increase rent setup payment options as well as leases?

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Kodi Parker's profile image
Kodi Parker's profile image
Kodi Parker
  • from Brooklyn, NY
  • Member since Apr 5, 2019
Connect

User Stats

14
Posts
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Votes
Kodi Parker's profile image
Kodi Parker's profile image
Kodi Parker
  • from Brooklyn, NY
  • Member since Apr 5, 2019
Connect
Kodi Parker
  • Brooklyn, NY
1
Votes |
14
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Kodi Parker
  • Brooklyn, NY
Replied

@Rob B. Thank you for your input. The tenants are month to month formal notices was sent out in regards to rent increase taking effect Jan 1. 30 day vacancy notice if tenant plans to leave

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