I will throw out some hypothetical numbers:Rent ready costs for minor repairs or updates $1000 (after 6 years a property may need even more than this could be thousands to bring the property up to market quality)Vacancy let's assume it waits one month so $1850Leasing costs, typically a PM charges 3/4 month rent, so $1387.50Total turn over costs would be $4237.50Let's assume you can keep the old lady if you concede to just a $50 increase, so $1600 rent.

Don't concede on it.

Good afternoon everyone,I conceder myself somewhat a newbie at this, I currently have 2 properties, 1 I live in the other is rental.

I have conceded a few deals as the better way to go, knock on wood, I've never lost in court and that drops back to management I'd say. 

In Tallahassee, the seller and I couldn’t concede on $2K to strike a deal which would have landed a 12% cap rate.

That said age of house, deferred maintenance and any other improvements you could not concede from the seller should be considered.

@John D. much like a seller presented with an inspection report they hoped to avoid, I concede your point and it is well taken.

While I'll concede that a small amount invested over time is effective in building wealth (albeit not a large amount of wealth, nobody is retiring on the 100K they saved by foregoing lattes), the thinking is upside down.

I'll also concede that he may be very good at negotiating settlements but again, that's not getting somebody evicted in 2-3 months, it's simply negotiation.

I don't think anyone here is naive enough to believe Torrance SFR prices are the same from 21 years ago.I concede!