Just be sure to do your best to compare apples-to-apples, not just with beds/baths/sq ft, but also quality of finishes.Then present this info to the tenant and ask them what they think a fair increase is.Strategy is to show them they can't find anything else at the rate they are paying.Of course, at least 25% of the time they will claim they can't afford any increase.

I also ask them for the forwarding address when they give notice that they are vacating the address and also give them a reminder notice of their right to be present at the close out inspection and ask them to tell me when the property will be completely vacant and a request of a date and time to have that inspection if they desire to be present. 

Broker presented to me.

I'd present it to them at 35-40%, especially with all the POHs.  

@Tiffany Makiya- whats  present rate on 1st mtg ? 

Most first-time investors shop blindly and end up learning the hard way..Also make sure to present the deal clearly to the lender.

IMO a good retail listing person is going to say F-that, I don't waste my time trying to make buyers lists, I have lists of finance brokers, r.e. brokers and other gate keepers who spend there time doing all these buyer lists and I know how to present and pitch to them to get action from them pressing for all there buyers to act.

Getting started with virtual wholesaling can be a lucrative way to break into real estate investing without needing to be physically present in the market you're targeting.

And are these issues Cleveland-specific or present in other parts of Ohio? 

This was an off market deal that an older lady presented to me.