How to raise rent in Bridgeport

[Mathew Fuentes]

Hey everyone!!

I did it !! Pulled the trigger on my first deal!! Its very exciting and stressful at the same time lol

So heres my situation that I need help on. 

I'm buying a Duplex in the Black Rock Area . Ill be living in one unit . The other unit is priced a bit below market. Its a 2 bedroom renting at $1250. Easily this can go for much more as ive seen some rented on rentometer.com  average $1450. Looking at the pro reports , some in the area have rented as high as $1600 a block away.

is there a limit Percentage or amount you can raise the rents when the leases are up by law ? Wanna know what im allowed to do . Not looking to get into any legal trouble.

How would you bring the rents up to full market?

Also any advice is very much appreciated to help out a Newbie! 

[Mathew Fuentes]

Hey Filipe , 

After getting all sorts of numbers, I'll end up only going up about 2-3% when its time to renew. I see i have a decent tenant already in place and I dont want to scare them off by hiking it up like that.