Nikki Taylor
To raise the rent or not?
We have a single-family home that we rent out to a lovely family. They've lived there two years and have been really great tenants. Recently our house was reassessed and our taxes are going up around $600/year. While ...
Logan Olsen
New Investor: question for raising rents
Hello BP community,
I am strongly considering putting in an offer for a 4-plex. I've run the analysis and the numbers work well for my defined criteria (CoC, Caprate, cash flow, etc). The one catch is, the current re...
Kenny Tran
Landlord advice for rent increase
Hi everyone, I wanted to get some advice from everyone.
I recently bought a property in Chicago and I inherited the tenant. The house is a section 8 house and the tenant has been there for 6 years. She is a 65 year ...
Prag Patel
Property Manager Backing Out of Raising Rents
One of my PMs told me they were going to raise the rent from 900 to 925 for a tenant who has a lease expiring soon. After speaking with the tenant, they told me that they will not renew the lease if rent was increased...
Shane H.
If & How would you increase rent? (Unique situation)
Hi fellow BP'ers!I recently purchased a duplex to owner occupy and have been living there since December 2017. I inherited the tenants on the other side who also happen to be excellent neighbors. They are long term te...
Christine Swaidan
Would you raise the rent?
Tenants have been in place for 7 years and for the most part have been good with regard to paying and following rules. I raised the rent one year ago by $100. (First increase.) Still below market but it's a big place ...
Branden Drake
Best way to raise below market rents on newly purchased property?
Hello everyone. I am under contract on a duplex in a good area of Springfield, Ohio. Current rents are well below market @ $460 and $500 a side. The exterior of the property is in excellent shape but the interior does...
Lane Kawaoka
Takeaways from the list of 2018 Tax changes:
1) Standard deduction and personal exemption combined and seems like everyone is getting more... so its a wash IMHO.2) Less deductions for those who don't have a business like real estate investments. Sigh... it just ...
Paul Hormann
Christmas presents for tenants?
I have a 7 unit property and wanted to get gift cards for my tenants for the restaurant across the street (don't worry, I would say "Happy Holidays" in the card). Anyone see an issue with this? Also, I am currently ...
Evan Ross
Managing rent increases
Hi all - I own and manage three duplexes in the Boston area (Medford). I have been cautious about raising rents as I try to maintain goodwill with the tenants. It's been less of an issue with my first two properties w...