Mike Bargetto
Does anybody see rents increasing due to minimum wage increases?
California is seeing a 25% increase to minimum wage rates over a 2-year period. I am wondering if folks on the forum have considered what this may do to rents in the state. Service costs generally increase when such w...
Jordan Salter
Can I increase rents in rent control areas?
Hey Everyone,The 1st property I bought 3 years ago was a 4plex in Ontario canada. This property has increased in value substantially with the small rehab and great appreciation. I am looking to increase the gross rent...
Yulia J.
Rent increase for inherited tenants at low rents
We've just got a triplex. My family and I are living in 1 unit, and we inherited month-to-month tenants in the other 2 units. They've been renting here for 7 years or so, no trouble. Their rent is very low - they are...
William Abanyie
Los Angeles Rent Controlled Units Rent increase Exceptions.
Passing on some information for all Los Angeles Property owners subject to Rent Increate. Here is a document I found that details acceptable reasons for rent increase. Including your tenant adding another resident t...
Jarrod B.
Increasing rent, do I increase Security Deposit and Last month to
Hey guys,I'm in the process of increasing my rent at one of my units and was wondering how you all handle the last month's rent held and the security deposit. Do you request and additional deposit as well? So if my ...
Account Closed
Average annual rent increase in NJ?
Does anyone know how much I could expect to increase rents on a 1 bedroom condo in Jersey City each year? I know there’s no guarantee and it depends on the market, but I’m just trying to get an idea on how my cash flo...
Joshua Kohl
Section 8 tenants and rent increase
I’m under contract on a duplex and one of the tenants is section 8. They are due for a rent increase that has not been completed by the previous owner. How do I go about following through with the rent increase? Th...
Austin Purnell
When to increase rent on tenants?
Hey fellow landlords, I have a mobile home that I currently rent out for $700 per month on a 1 year lease. I was wondering how often do you increase rent, and what % do you usually increase it by. I've owned this rent...
James Herbert
Rent Increases for an inherited tenant
We purchased a bundle of foreclosures from the bank. We inherited tenants and the current rents are month to month and have not been raised in years. (8-10 years) some Tenant’s have leases to prove some don’t, the sto...
Peter Sik
How much rent do you increase?
I have a property in area of Gandolf Court, Murrieta, California 92563, current rent is $2095. Just received a renewal inspection report from PM. The property inside out is in clean and neat condition with nothing ne...