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Updated almost 8 years ago, 01/15/2017

Julie Verardi's profile image
Julie Verardi's profile image
Julie Verardi
  • Buy & hold real estate investor. Designer & animator.
  • from Jersey City, NJ
  • Member since Jun 22, 2015
Connect

User Stats

81
Posts
12
Votes
Julie Verardi's profile image
Julie Verardi's profile image
Julie Verardi
  • Buy & hold real estate investor. Designer & animator.
  • from Jersey City, NJ
  • Member since Jun 22, 2015
Connect
Julie Verardi
  • Buy & hold real estate investor. Designer & animator.
  • Jersey City, NJ
12
Votes |
81
Posts
Real Estate Deal Analysis & Advice

Raising rent for a two year lease in Jersey City Heights

Julie Verardi
  • Buy & hold real estate investor. Designer & animator.
  • Jersey City, NJ
Posted

Hi, 

I have excellent tenants in a 3 bedroom, fully finished basement and backyard multifamily in Jersey City Heights. They want to do a 2 year lease and because they are such great tenants I'm fine with doing that however, how much should I bump the rent up before getting locked into a 2 year lease with them?I've heard the rule of thumb should be 5% ever lease? What do you guys think?

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