Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Pennsylvania Real Estate Q&A Discussion Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago,

User Stats

45
Posts
17
Votes
Paul Wakim
  • Specialist
  • USA
17
Votes |
45
Posts

Tenants paying WAAAYYY under market rents (Legal)

Paul Wakim
  • Specialist
  • USA
Posted

Hey everyone, 

So I have a strong lead on some properties in the East End of Pittsburgh, one of which is a 4 plex that is more like townhomes from the 40s. 3 are rented, 1 is vacant. The rents are.... wait for it.... $370/m, $550/m, and $555/m. In my opinion, the rents could very easily be $1000/m or more with minimal work.  I have the opportunity to purchase this property off the market and I am really worried about the laws of raising rents or evicting tenants. Unfortunately, these tenants are elderly and have been living in these units for 25+ years so it's going to be hard no matter what to make this decision. 

Has anyone heard of or dealt with a similar problem first hand in PA or better Pittsburgh? 

What are the laws around purchasing a new property and immediately raising the rents or evicting tenants with the goal of getting higher rents? 

Thank you in advance for your help!

Loading replies...