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Updated almost 4 years ago,

Keith Richardson's profile image
Keith Richardson's profile image
Keith Richardson
  • from Arlington, Texas
  • Member since Jan 18, 2016
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Keith Richardson's profile image
Keith Richardson's profile image
Keith Richardson
  • from Arlington, Texas
  • Member since Jan 18, 2016
Connect
Keith Richardson
  • Arlington, TX
2
Votes |
3
Posts
General Landlording & Rental Properties

Raising rent after acquisition on 4-plex with tenants in place

Keith Richardson
  • Arlington, TX
Posted

I am acquiring a 4-plex in Texas that has tenants in place. The seller just renewed the leases 4/1. The rent is well under market and I would like to raise it accordingly. As I understand it these leases will transfer to me at closing. What are my options?

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