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renewing lease for tenants
I have a garden level unit (1b/1ba) in Brush Park in Downtown/Midtown Detroit, MI.
I charge $1000/mo. I'm trying to determine whats the market rate now.
FYI, Cable, internet, gas, water, heat are included.
I don't want to run off my current tenants, but I want to be able to increase my profits so I can continue to improve my properties and fuel growth...I know lots of units are coming online, so it creates a slight softness in the market.
Anyone holding in these areas of Detroit with some insight?