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Updated over 1 year ago on . Most recent reply

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19
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9
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James Bailey
  • Investor
9
Votes |
19
Posts

CA: Have 10 year Tennant that is vastly under market rent and need to update the unit

James Bailey
  • Investor
Posted

Hi all,

I have a rental in CA with a long-term tenant who's 50% under market rent with an outdated unit. I need to update the unit (floors, lights, kitchen, bathroom). What are the kosher ways to get him out of the unit to remodel it and bring it up to market rent?

Most Popular Reply

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1,475
Posts
1,413
Votes
Todd Rasmussen
  • Rental Property Investor
  • Clarksville, TN
1,413
Votes |
1,475
Posts
Todd Rasmussen
  • Rental Property Investor
  • Clarksville, TN
Replied

@James Bailey

Start increasing the rent, if they move, rehab and increase to market rent. If they don't move, stop when you get close enough to market rate that the difference isn't worth rehab.

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