I sent him a lease extension agreement and in the lease extension agreement it states that we are increasing the rent to $1,650 per month and we are requesting another $3,000 for escrow for a deposit to stay in month to month.

To increase the profit margin you may also want to consider hiring out some of the work to speed up the time it takes you to complete the project.

Would be helpful what city you are looking at, but you could see if STR, MTR, or rent by the room are viable options to increase that rental amount.

This means you are increasing your net worth faster than if you go to a less expensive area. 

I suspect their criteria increased to re-alight with risk. 

The shorter the prepayment term has an impact on increasing the rate.4.

We purchased it below market value and increased the rents from $1000-1200 up to $1400-1500 What was the outcome?

Last year, my wife and I had a 10% increase on the 2bd/2ba apartment we rented, pushing it to $4,080 monthly.

I have found a number of other users posted this question in the forum over the years but I cannot find a resolution anywhere.The way the Rental Property Calculator derives the "Profit if sold" number seems to have an error in it if you are using the function to increase the rental rate and expenses each year.

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