Raising Rents on Inherited Tenants

[Derek Jundt]

Hello! I will be closing on my first investment property (househack) in 2 weeks and I am looking for advice on raising rents on the inherited tenant on the other side of my duplex. Her rent is $1,000/mo and current market rents in the area suggest I could be getting $1,200-$1,300. She has lived in the unit for 9+ years and haven't had a rent raise in years (She has been signing 2 yr leases). I would like to raise her rent so that the numbers better work for my househack and I can live for free. (Her lease is currently mo to mo pending property sale). I was thinking about offering her $1,100/mo. This is still a good deal to her and an easy tenant and transition for me. I'd like to raise her rent but keep her in the property as an easy tenant to manage. If she doesn't agree I could then clean up the unit and advertise it for $1,250/mo. Any advice on how I should handle this? Thanks!