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Updated over 3 years ago,

Ali Rist's profile image
Ali Rist's profile image
Ali Rist
  • New to Real Estate
  • from Grass Valley, CA
  • Member since Mar 27, 2021
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User Stats

6
Posts
1
Votes
Ali Rist's profile image
Ali Rist's profile image
Ali Rist
  • New to Real Estate
  • from Grass Valley, CA
  • Member since Mar 27, 2021
Connect
Ali Rist
  • New to Real Estate
  • Grass Valley, CA
1
Votes |
6
Posts
California Real Estate Q&A Discussion Forum

Increasing rent as new owner - Northern CA

Ali Rist
  • New to Real Estate
  • Grass Valley, CA
Posted

Hi all, this is my first investment property! I haven't yet been able to connect with all of my resources yet- so wanted to send this question out to all of you. I am closing on the property on July 7th. The renters are paying significantly under market value. How quickly and how much can I increase their rent? Do I do a new lease agreement the day I take over? 

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