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Updated about 2 years ago on . Most recent reply

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Chris Coltrin
  • Member since Aug 23, 2022
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Chris Coltrin's profile image
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Chris Coltrin
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Chris Coltrin
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Managing Your Property

Tenant rent price Negotiating question

Chris Coltrin
Posted

If you have a great Tenant, but need to raise rent by $450 and they are unable to come up with it do you negotiate rent to keep them, and ask them what they can pay or did you looks for new tenants who can pay the increased rent? 

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Kevin Sobilo
  • Rental Property Investor
  • from Hanover Twp, PA
  • Member since Jun 25, 2018
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Kevin Sobilo's profile image
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Kevin Sobilo
  • Rental Property Investor
  • from Hanover Twp, PA
  • Member since Jun 25, 2018
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Kevin Sobilo
  • Rental Property Investor
  • Hanover Twp, PA
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Kevin Sobilo
  • Rental Property Investor
  • Hanover Twp, PA
Replied

@Chris Coltrin, why do you "need" to raise rent $450? On an average rental in an average priced market that is a HUGE increase! The whole context matters when making decisions like this.

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