Since they vacated on August 3rd they are liable for all of August rent if your lease is month to month or rent is paid in monthly increments.

@Larry FlanaganMany businesses are people motivated, you take the people out, my company is worth about as much as our computers (rapidly depreciating technical assets). 

I would incrementally raise rents, but I might let it season a bit, get to know them, and let my early communications be warm and fuzzy, but by spring or with renewals and turnovers incrementally up the rents, provided it does not cause a vacancy, as turnovers will be most of your work and also costly for a four plex owners like us, even more costly than being a few bucks under market.

Also, the weather "anywhere that is not SoCal"  adds an element of "more rapid exterior deterioration" that is of course not seen in SoCal, and this must be budgeted for. 

http://www.latimes.com/business/la-fi-costa-hawkins-repeal-20170314-story.htmlCurrently there is a movement to dramatically expand Rent Control through California.  In the past there were basic restrictions on how har...

Here in Cedar Rapids Bob Miell was at one point the largest private landlord in Cedar Rapids...he owned approximately 80million dollars worth of real estate.

I only tolerate negatives when I'm paying down the mortgage more rapidly as a result.As far as the $150 - start slow.

Your pricing is an issue because there are certain fixed costs to building a house, and the increase in size is only an incremental increase in cost.

I like Grand Rapids: above average population growth, diversified and modernized economy and cultural depth in art and craft brewery scene which I think makes it desirable.

@Michael Hajduk Housing prices are insane in London, and rising rapidly.