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Updated about 4 years ago,
Increase rent during pandemic, should we?
Good afternoon everyone, all inputs are much appreciated. We have a 3 family house with each unit having 3 bedrooms. The going market rate now in Worcester MA is between $1400 to $1600 if I'm not mistaken and I only rent out my unit for $1,000 because they are long term tenants ( 4 years and 5 years). We want to increase our rent to $1100 but we are hesitant because of the pandemic. Any thoughts? Thank you.