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Updated over 4 years ago on . Most recent reply

Patrick Brodeur's profile image
Patrick Brodeur's profile image
Patrick Brodeur
  • Rental Property Investor
  • from Wallingford, PA
  • Member since Aug 12, 2017
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User Stats

33
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2
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Patrick Brodeur's profile image
Patrick Brodeur's profile image
Patrick Brodeur
  • Rental Property Investor
  • from Wallingford, PA
  • Member since Aug 12, 2017
Connect
Patrick Brodeur
  • Rental Property Investor
  • Wallingford, PA
2
Votes |
33
Posts
Chicago Real Estate Forum

Increasing rent during cover on month to month

Patrick Brodeur
  • Rental Property Investor
  • Wallingford, PA
Posted

I have a tenant that is month to month, i bought the property march 11th and would like to increase the rent. He is currently paying 700 for a 1 bedroom. The average price of a one bedroom in the neighbored is about 950. Would it be reasonable to raise the rent to 100. He has been there 10 years and has never had a rent increase.

Chicago, Illinois
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