I am a new home owner and have an english basement rental with its own CofO. The lease expires in June, therefore I am in a scramble to understand the rules around rent increases. Current rent is $1550 and I would lik...
Hey all,
As I said on here before, I'm looking to hopefully buy a duplex in the Charlotte area where I can live in one unit and rent the other, but most of the duplexes I've seen for sale are already occupied...
Hello Fellow InvestorsI own units in multiple states and with costs on managing properties going up(materials+labor) I usually bump up 3% on rents - that's 30$ increase on a $1000 rent (I know it depends on location a...
Hi Bigger Pockets
I bought my first multi family in April. I inherited the first and second floor tenants. First floor pays 1100 and second pays 800. Market rate for this two would be 1300 and 1100. There were some ...
We currently have a renewal coming up on one of our properties in Texas. I am reading you are suppose to send a notice of rent increase 30 days in advance. Does this still apply even though we are doing a new agreemen...
I currently have two Single family detached. The Current Market rate is $2,200/month for both homes.Property A: Tenant has been there for two years. We rented home at top of market for $1700/month. (We didn't increase...
Good day everyone!
Property details:
- B class property. In very good condition. In an A class neighborhood. However, it was built about 40 years ago.
- Its 3/2 currently rents for $1000 p/m
- Its 2/2 currently r...
Hi,I have a 3 bdrm, 2.5 bath SFH on Oahu that I rent for $3375/month ($3300 monthly rent + $75 for pets). The rent includes monthly landscaping. The tenants have been in the property for 1 year (they are military an...
I'd like to hear specific language about landlords use in leases for raising tenant rent annually and what people think are acceptable percentages.
hi there, I own a rental in michigan and I read that I need to give a 30 day notice for rent increases for month to month tenants. My question is if i wanted to increase a tenants rent on a yearly lease would I need t...