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Updated almost 4 years ago on . Most recent reply

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Kevin Larry
  • Member since Nov 27, 2020
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Kevin Larry's profile image
Kevin Larry's profile image
Kevin Larry
  • Member since Nov 27, 2020
Connect
Kevin Larry
1
Votes |
6
Posts
General Landlording & Rental Properties

Increasing rent on a turnkey property

Kevin Larry
Posted

Can I and should I increase rent on a turnkey fourplex that is under rented at the moment?

All four units are rented out and going for about 500 dollars of the market. I just want to increase by 120 dollars. Once I close I plan on making renovations right away.

I don’t want to lose any tenets as I take over but I think with me wanting to start renovating right away I think it’s fair.

What is your experience with something like this?

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