Adam Hoak
How should I raise rents on an old tenant?
I have a duplex that I would like to buy. It currently has a vacant side and a rented side. The rented side is for $575 and below market average which is $750. She is elderly (mid 70s) and has lived there for 13 years...
David Epstein
Low Section 8 rent question
Friends,I have had a section 8 tenant for the past five years and have to say they are fabulous tenants. However, the rent has regularly been below what comparable properties in the area go for. With recent inflatio...
Jason O
Getting rid of tenants in Los Angeles
My uncle passed away 3 years ago. He's had the same tenants for 35 years. The rent never changed. Now, my family wants to raise the rent but can't. How do we kick them out without having to reimburse them for...
John Lunias
Raise the rent or not in our duplex where we live? North Jersey
Background:
Hi,
I own and live in a two family home where I rent one of the apartments (above mine) out to a small family. The apartment is a renovated 3br, 1 bath in northern NJ with heat and hot water included. Th...
Max James
What to do?? Inheriting Potential Bad Tenants & Below Market Rent...
Hi!I am closing on a 4 family I will be going owner occupied on in 1 month. I just received the leases from the seller and the three tenants I'll be inheriting are on a month-to-month lease which is dated back to as ...
Kevin Lindahl
Absentee Landlords need guidance
Hi all. Newb here! My wife and I purchased our first investment property in MI. It’s a small duplex in Hastings, MI. We closed last week and are going to talk to current tenants this afternoon. Curious if other memb...
Sam Fong
Tenants need more time to move out after giving 60 day notice to vacate
I purchased my first rental property a few months ago. It is a detached duplex with long term existing tenants. By long I mean the front unit lived there for 13 year, and the back unit lived there for 30 years! Th...
Javen Wilson
Affording my first property
So, I believe I’ve got everything figured out on how to look for deals and how mortgages work and everything. But my main issue I’m struggling to figure out is how some people managed to afford their first house when ...
Account Closed
living on cash flow
Hello BP members! What factors should one consider before living stricrly on the cash flow from ones rentals
Donald MacMillan
First Deal! Now how do I raise the rents?
Hey there Bigger Pockets community. I am in the final stages of closing on my first deal. It is two duplexes on one lot. The lot can be subdivided, which is my plan to add value to the properties as they could then be...