All Forum Posts by: Zackary Martin

@Jason N. I’ll definitely keep that in mind when I approach them about it. Thank you.

@Alan Grobmeier I agree that’s why I really don’t want to lose the current tenants. Having them around will help me transition into being a landlord with as few headaches as possible.

Thank y’all for the responses. I know I’m going to have to raise their rent I just want to make sure I go about it the right way. This is my first investment property and I definitely don’t want to the reputation of the landlord who drove out a retired couple from their home of seven years. I’ll definitely try raising it by 10% per year and see how that works out. Thanks again.  

I’m buying a duplex. One side is currently rented to a couple that’s lived there for the past seven years. They’re ideal tenants who look after the place like it’s their own. However in the time that they’ve lived there their rent has never been raised. They’re currently renting it for $750 and they pay their own utilities. The unit could easily rent for 1,000-1,100. I don’t want to lose them but I also don’t want to miss out on that much potential rent. What should I do?