Managing Your Property
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 3 years ago,
How to raise rents to tenant in multifamily?
We purchased a 5 multifamily in Corsicana, TX last year and have slowly updated a few of the units that have became vacant. New rents for update ones are $775-$850. We currently have 2 units that have not been updated and rents are at $550 & $770 both have been living there 3yrs+ with zero rate increase in the past 3 years.
Do you mail out a letter? If so, any templates you recommend or do you call them?
Thanks in advance!