What is the best way to raise the current rent with a tennant. I have had a couple good years with my current tennents but would really like to increase the rental rate. I dont want to piss them off, but I need to r...
Hi BP of Boston,
When you consider rent increase, what factors do you base your decision on ? Do you increase the rent by strictly calculating the increases in your insurance, taxes and etc ? or do you try to not go ...
I have a mortgage on my home through rocket mortgage. I received a letter say my payment is increasing do to the mortgage insurance increasing. Is this legal? I’m assuming it’s because I have a 2.75% interest rate and...
Hi! I inherited tenants paying 600. For an 800 sq ft 1 bed apartment in an ok area of Philadelphia. I pay water/sewer, trash, public lighting, and gas. I kept that rate for 10 months Its renewal time. I lost 9 grand...
With insurance premiums for apartment properties increasing so dramatically in recent years, I am leaning towards trying to save some costs by increasing my deductible to the highest deductible possible. For example,...
Hey everyone,
I’m looking for advice on an issue I’m facing with my rental properties. Recently, my property taxes and insurance costs have increased significantly, turning what was once positive cash flow into negat...
Hi Everyone, I would like to increase rent but have a tenant that is telling my property manager that they are on fixed income and cannot afford higher rent. The unit is rented under market value and I am only asking...
Rent price increase question. I currently own a duplex with both sides rented. The A-side is renting for 1050 a month and the B side for 1350. The first tenant was there when I lived in the property in 2019. I kept th...
Hi everyone,
I own a single family rental in Seguin, TX and I’m looking to keep adding more rental properties. I am interested in single family and multi-unit properties. I currently have 45k in cash and I save a...
I have a general question about raising rent. If you have a property that is at " market rent" do you still raise or attempt to raise the rent when renewing a tenants lease?