scine
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- Jun 23, 2008
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Hello all,
I am doing a LOT of research on purchasing a small apartment complex (2-4 unit) and one of the questions that I have wanted to know, but haven't heard a definitive answer to, is how often do you raise rents and generally by how much?
Obviously, I want to get the most out of whatever property that I purchase, but I also don't want to raise the rents so high that I end up pissing off my potential tenants to the point where they move out.
So I thought I'd ask the experts.
Thanks in advance!
I am doing a LOT of research on purchasing a small apartment complex (2-4 unit) and one of the questions that I have wanted to know, but haven't heard a definitive answer to, is how often do you raise rents and generally by how much?
Obviously, I want to get the most out of whatever property that I purchase, but I also don't want to raise the rents so high that I end up pissing off my potential tenants to the point where they move out.
So I thought I'd ask the experts.
Thanks in advance!
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