Joshua Elizondo
Raising rents on long term tenants?
I wanted to get some opinions on bringing rents up to market value. I’m closing escrow on a 4 Plex next week and there are two long-term tenants who are paying $995 per month. They have both been there for over 5 y...
Rhea Jackson
Rent increase or Not. Which is the smarter decision?
As an investor, after you reached your 1st year owning your rental properties, did any of you keep your rent the same, or increase it? What's the smartest decision, why or why not?
Thanks for your time,
Rhea
Chris May
Raising rent on older, ultra long-term tenant
I know there are a million threads already on BP like this, but I didn't see anything that quite addressed my question.Has anyone purchased a rental that had an older tenant paying far below market rates? We're in con...
Kyle Mullins
Raising Rent for Long Term Tenants After Purchasing Property
Hello! My wife and I are in contract for our first rental property, a triplex! The current owner has had it for 21 years and is older so rents have not increased over time. The current tenants are being charged $425 w...
Todd Ashley
Buying a Building and Retail Business (Liquor)
Hi all, I am considering purchasing an off-market commercial building in a small tourist town. I am trying to gather as much information and guidance as possible, and appreciate any input that you can provide! The bui...
Chris Purcell
Do you raise rent on good tenants?
My theory is if a tenant pays on time and takes care of the house, leave the rent alone until they move on and then adjust it for a new tenant.Have heard so many times from friends where their landlord raises it and t...
Nicole Lakanen
Lease Renewal and raising rent amidst COVID19
Our tenants current lease is up June 1st. We sent a lease renewal form for the next year with a rent increase of $20. Mortgage expenses had gone up by $50 in the last year. Tenant is interested inside renewing for ano...
Sohrab Ansari
How can I raise my property value?
I recently purchased a business and the building. From the cashflow of the business (one entity) I pay rent to my other entity that holds the property. The property was appraised for 350k and was bought for 300K. I li...
Winn Merwin
Help with good tenant who complains about rent increase.
Hello BP,My wife and I bought a duplex in Augusta in March 2017. One of the tenants was inherited. He was paying $600/ month at the time. As we took over, we increased his rent to $635 (market at the time was $750. We...
Misha Gnat
Rent increase question
Good afternoon BP!
I recently purchased a duplex and will be occupying one of the units and wanted to rent out the other. It already had tenants that lived there when I bought it and they are paying $725 a month. Com...