Is there a limit for how much you can increase a tenants rent in Indiana? I purchased two properties with inherited tenants who have been paying rent well below the market rate. I will honor their current rental agr...
I bought a duplex with one side vacant and one tenant with monthly rent of $625. Market Rent is $775. I was able to rent the other vacant unit for $775 with $25/pet monthly rent. The inherited tenant old lease will ex...
I am getting ready to have all of my tenants sign a new lease, as the old one is up and they are now technically month-to-month. I just saw that Maine requires a 45-day notice before a rent increase can go into effect...
Hello,
I have an inherited a tenant. They have been this same place 9 years. It is multiunit.
They are payment $363 a month in rent the other 2 tenants are payment mid $400. The previous owner of the property very ...
What’s up BP! I need your advise. I’m buying an investment property that has tenants in each unit. However after reviewing the tenants current leases and the current rent market value for the area I found the tenants ...
Getting conflicting information and I want to stay within the law...what is the maximum I can raise my tenants rents? Looks like an up-charge of 10 percent maximum once ever calendar year. Can anyone confirm?
So 8 years ago I purchased my first rental property it is now paid off but renter is only paying $350 per month he is a family friends dad who only draws ssi however this family friend is a millionaire. So rent and sa...
Hi All,
When purchasing a multi with existing tenants paying below market rents, how do you go about increasing rents? Do you provide some sort of incentive?
What happens if a tenant doesn’t want to accept your ren...
I have 3 rental properties in Chicago. I find that I’m only increasing rents when I have a turn (every 2-3 years). I’m debating if I should implement rent increases for current tenants during lease renewal, even if it...
Just did my first rent increase notification to a tenant, from $900 to $1,050. Effective Nov 1. I just bought the place three weeks ago and she was m2m. I could get $1,100 for the place.
Yeesh. Was a tough phone call...