Oh also, raise your rent up to market 🤷‍♂️ Here’s why: 1.) If you’re not charging market rent, then you’re not going to have the money necessary to make the repairs that your tenants want/need. But they won’t see it that way. They’ll just see “bad landlord who doesn’t make repairs.” 2.) A 5% rent increase each year is manageable for everyone. But no rent increases for 3 years and then a 20% increase on year 4 HURTS. It hurts the tenant because they’re caught off guard and it hurts you because y
0:04
Oh also, raise your rent up to market 🤷‍♂️ Here’s why: 1.) If you’re not charging market rent, then you’re not going to have the money necessary to make the repairs that your tenants want/need. But they won’t see it that way. They’ll just see “bad landlord who doesn’t make repairs.” 2.) A 5% rent increase each year is manageable for everyone. But no rent increases for 3 years and then a 20% increase on year 4 HURTS. It hurts the tenant because they’re caught off guard and it hurts you because y
64K views11 months ago
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My tenant keeps paying his rent late, what should I do?
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