A couple years ago he raised the rents due to his insurance co. raising his rates because it was an old wooden structure and a fire hazard.  

Now I own 20 properties with low mortgage rates and where the properties have built a lot of equity and, most importantly, pass my "RENTAL STRESS" TEST.

Additionally, have to work around the concrete slab/driveway.New plan is to just finish converting the garage and instead of building out, raising the roof enough to get a second level.

@Anthony Matus there has been a ton of appreciation in the area- really due to the rising tide raising all ships. 

Can you raise capital through any of either method? 

Hello again, BP.So, I have not raised my rents in roughly three years, but really feel the need to increase rental prices now after looking around.Currently at $1,245 for a 2 bed 1.5 bath 1060 sq ft flat in a B+ to A- location.Should I offer the increased price of $1,445 to the current tenant or remove them for minor renovations before renting back out?

We were both raised with a mindset of "if you have it, spend it!".

We were both raised with a mindset of "if you have it, spend it!".

I was born and raised in NYC, so I saw first hand the shell game being played on the streets and how scams were ran.

I can raise rents anytime turnover is advantageous; I do a little rehab and raise rents to market and over.