How to Increase Monthly Rent

[Devarra P.]

My question is similar to Robert Morgan question/post on rent increases.

I am looking to purchase my first property, tenants are already in place, and the properties I am looking at these tenants have been in place for 2 years or more. Each property from what I have researched, the rent is below market rent, and the range of difference is b/t $75-$230. I don’t want to go into my first property in the negative by losing him/her. How can I increase the rent and not lose the tenant.

Please advise.