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I have a SFH with a great renter. No drama, keeps to himself, takes care of the place. His first year renewal is coming up and I’m wondering if I should increase the rent or not. On one hand I don’t mind swapping less...
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We have a few condos in a complex that are older style units (20-30 years old), the rent varies in the complex we see some people remodeling the entire inside of 2b2b and getting $1600-1800 in rent while others that h...
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I just acquired a property in GA. The tenants are both on month to month leases. I sent a letter letting them know that rents would be increasing the following month (30 days notice). One tenant responded with a lette...
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Hello BP Family,I officially closed escrow on my first duplex in Redlands Ca. I inherited tenants. One of them has been renting for 25 years and pays $800 month (market rent is around 1,200). The tenant is month-month...
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I purchased a duplex and inherited a tenant that was paying well below market prices. Because it's a family, my plan is to increase their rent each year until at market average. My question is this: would it be a good...
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Hi, my dear BiggerPockets folks,
I have a rental at south Natomas Sacramento (95833 zip code). Have not increasing any rent since covid. Currently rented at $1900 vs. I checked the similar home rent at $2400-$2900. ...
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are there any law regarding amount of rent increasei increase rent in 5 years and tenant refusing to pay increase rent and refuse to sign lease renewal
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Hi great people of BP. We have a one year lease ending with 3 roommates and we need to send a (90 days) rent increase notice . Is there a specific form or format for this scenario? This is the first time we've ever re...
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Hello! We just closed on our first 4plex. We would like to write an introduction letter. We also need to give notice of increased rent. Can you share your ideas or steps?
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I just took over management for a commercial building that's split into 4 units. One of them is a franchise name and is the largest unit. Two of the units currently have a cheap salon and the other is a cheap mom &...