Looking for some Landlording advice for newly acquired rentals ;)

[Chrissy Grimm]

We just took ownership of 11 units that were poorly managed by previous owner. We did this off market, and are still learning the ropes, mostly learning by making mistakes. Early on in the purchase we did got all the utility prices, ran numbers, etc. But 2 days after closing the previous owner tells us she has a contract for both satellite TV and internet for each unit, which we were totally unaware of. It greatly affects our margins. In all other units we own, we do not offer these services. Now my question is: Should we cancel these services and really upset the new tenants, or should we keep the contracts and give notice of rent increases in a couple months. Either way I feel like tenants won't be happy, just wondering what others would do. Thanks! 

[Steven Foster Wilson]

@Chrissy Grimm give the tenants the option

1. You can cancel service: in which they would need to go buy their own

2. you keep service but you bill them the "discounted land lord rate" that they would not be able to get otherwise