Under Market Value Rents on most postings

[Gurjot Grewal]

Hello BP, 

I'm currently analyzing multiple postings a day, looking for a great deal to make an offer on. Been at this stage for a week now, trying not to rush into anything but get a feel for different areas and analyzing deals. 

Iv noticed a trend where most multifamily listings have the rents much under market rent. For example a duplex that's currently renting for 650 a side on rentometer and online listings are showing that I can get 950 a side for similar properties. 

My questions are:

-why are these landlords not upping the rent? especially in scenarios like this where they'd be able to up rents 300 each side? 

-In some areas going from a 2 to 3 bedroom ups rents by 200-400. Is the process of adding a bedroom very strict in columbus? 

[Nathan Gesner]

Quote from @Gurjot Grewal:

In many markets we've seen rates increase as high as 50% over the past couple of years. Many Landlords don't increase rent every year and aren't even aware of market values.