That's a bargain!

@Larry Nielsen We’ve found a great way to raise rent is:Determine market rentShare the proof with the tenant (they can see it on Zillow anyways)Tell the tenant, given your rent is $x and market rent is $y, what do you think if a fair increase?

And in fairness, not worth doing if you're not making more than that anyway.If he does something like this and it exceeds the SGA (Substantial Gainful Activity) limit he would lose his disability right? 

Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.

I would start with the Fair Market Rents (FMR) in the county where the property is located and use that as a basis to negotiate from there.Thanks Jaycee, are to referring to the HUD website? 

Their approach resembles the BRRRR method.For example, we have a 3-bedroom, 2-bathroom home in fair condition (requiring less than $20K in cosmetic repairs) that has been on the market since August 2024.

You were upfront about there being no vent and needing to use a ventless option, so you don't have to install that for them or even split it, but splitting it probably is somewhat fair. 

In NYC the demand is lower in the winter but the supply is also lower so apartments rent fairly quickly still (typically within a few weeks).

Fair point, I really don't want to bear the burden honestly.

Any hurdles or was it fairly straight forward?