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Updated about 4 years ago,

Taylor White's profile image
Taylor White's profile image
Taylor White
  • Realtor
  • from VT (vermont)
  • Member since Nov 9, 2020
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5
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2
Votes
Taylor White's profile image
Taylor White's profile image
Taylor White
  • Realtor
  • from VT (vermont)
  • Member since Nov 9, 2020
Connect
Taylor White
  • Realtor
  • VT (vermont)
2
Votes |
5
Posts
General Landlording & Rental Properties

Rental increases with sale?

Taylor White
  • Realtor
  • VT (vermont)
Posted

Purchasing my first MF property in January. It’s a triplex. Current rents are way below market value, at $1025 currently and going rate is $1250 for the area.

Would it be too much to bump rents up by $75 every 6 months until up to $1250...? Tenants are great. Just not sure what’s reasonable for increase in rents.

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