How to handle big increases in rent.

[Patrick Reagan]

I am buying a three family home where all three rents  are well below market rates.The tenants in place have been there for a few years and reportedly all pay on time.Any suggestions how to address the rent increases,which could be as much as three to five hundred dollars each?

[Frank Procopio]

Would start off slowly and one by one. You dont want to step over dollars to pick up pennies