Tenant Rent Increase in Woonsocket.

[Raymond Hill]

Hello BP Family,

I am closing on my first multi shortly, the rents in Woonsocket are as follows 1st Unit 2 bed 2 bath $895. 2nd Unit 3 bed 1 bath $995. 3rd Unit 3 bed and 1 bath $720. The 3rd unit needs to be updated with new appliances, new flooring, paint, new countertop. The tenant is a smoker in the 3rd unit, but the other 2 units are in great clean nicely kept condition.

My question is, how everyone effectively communicate and raise rents. Hoping to hear from everyones experiences. I plan on upgrading the unit and the property with the rent increases.

Please share your experiences.