Paul Guarino
Advice on raising rent for a tenant that is far below market rent
Background:I have a tenant that moved into my condo in July 2017 (so just over 5 years) at $1,395/mo rent. She is currently on a month-to-month lease, and she is a great tenant.
On 3/1/2022 I raised her rent for the ...
Account Closed
Thoughts on rent increases, should i raise immediately or....?
For a little context; I took ownership of a Triplex in the greater Montreal area about 7 months ago, the property at the time of acquisition was fully rented with leases set to end in June of 2017. The market rent in ...
Raymond Hill
Increase Tenant Rent
Hello BP Family,
I have a tenant who is a single woman that ever tired receiving a fixed income. She is currently paying well below market value for her unit , however her payments are on time every month. He's over...
Jeremiah Lewis
Equity or Cash flow position?
Sorry if this is in the wrong spot. Might have shot myself in the foot. I have a single family primary that I’m working to get rented out, I refinanced it on a 15 year a 2.375% because that dropped my total interest o...
Vinh Nguyen
how to tell tenants on increasing rent?
Hi, My partner and I just purchased a triplex. One of the units is currently occupied by an existing tenant. We would like to increase the rent based on market value. What is the proper way to bring that up to the ten...
Thiago Oliveira
Brrrr a multi family
Is it possible for me to update a multi family,8 units, from outside. All Units are rented. I mean new fences, painting, fixing the pavement, adding car port and still get a good appraisal so I could get my money back?
Ernest McNeil
How are you handling rent increases in Maryland during COVID?
Currently, I have two rentals with on-time paying tenants. No hick-ups during the pandemic in 2020 or 2021, monthly payments received on time. Rent was not increased during this time as well. Now, we are in 2022 an...
Eric Schenck
To HELOC or not to HELOC...
I recently bought my first home (primary residence) with a no money down VA loan for $135k. I got a low price because it was an estate sale and VA appraisers appraise no higher than the VA loan amount. My neighborho...
Evan DeZaldo
Airbnb launches platform allowing renters to host apartments
Hey there,
I figured this was worth sharing since a lot of us here have been learning more about STRs and the STR 'arbitrage' space. Check our Airbnb's new updates that will allow for people to actually partner with...
Alex Failaev
Cash or cashflow? How high of a debt burden would you take?
I got a good question from a friend, and thought I'll share my perspective. Long post warning :) But, it worth reading! Also, feel free to comment and let me know what your thoughts or other perspective!Cash or cashfl...