All Forum Posts by: Account Closed

I know it has been mentioned, but definitely check the lease agreement if there is one. Once the lease runs out, you can give an adequate notice and raise the rents.

One thing to consider is how long typical vacancies are in your area and how much work the unit will need. If vacancies fill slow and the property needs work, you may want to carefully plan the timing to hit when it is convenient for you and you know you will have the cash on hand to handle it.