Quote from @Chris Ganz: @Charles Carillo after the initial lease which was a yearly one was up, I switched it over to a month-to-month.

@Brandon SarrettKeep in mind just because the tenant is month-month and you can raise their rent doesn't mean they are going to pay it or can afford it.

I’d offer to hook you up with my PM’s realtor (monthly exclusive rights, not yearly.) but then you might ignore my advice as a repeat of the previous sales pitches you have and will receive on BP.

If the condition is similar to the market average but your rent is severely under market rate then I take an average between the current rent and the market rent and send them the following message 2 months before their lease is up (assuming you aren't in a rent control market),Dear Tenant,Some nice words and remind them that their lease is up within 2 months, please select the following options about their new lease, also mention that you are doing the best you can to maintain the rent as low as possible but with inflation, insurance and property taxes increasing, you have to raise the rent to keep up with the rising expenses. 1.

Purchase price: $237,000 Cash invested: $11,850 Converted my primary residence to a Cash-Flowing Rental Property to a Section 8 Long-Term Tenant in a Class B neighborhood.Purchase in Sept 2019 Purchase price: $237,000Cash invested: $8,900Converted the Game room and Office room to a standard bedroom to make it a 6-bedroom 3.5 bath which increased the monthly rent from $2,400 to $3,215.

Ideally, you'd want to have signed leases from each tenant, but the strategy part of it is that you also wanna make sure that you don't run people away while you are either increasing rent or preparing any units that are currently vacant.I would probably take a step-by-step approach.

We've been using Waivo, which is a very similar product to FF's Worry Free Waiver.

Is the backup to use it as an STR during these months?

Around 2 to 4 inches for two back-to-back storms. 

For the past month, he has gotten into it(verbal) with another tenant, he has been blasting music all hours of the night, forcing me to have to speak to him and telling him not to blast music because it’s disturbing the other tenants.