#037: Getting Your Head Straight About Raising Your Rents
GetReal Podcast
<p>Do you know how to correctly address setting rental rates at your properties? It’s math, but it’s math with a lot of moving parts to consider. Raising rents causes tenants to reconsider their situation. If you lose a tenant, you lose income for a month at a minimum. And if you purchase property that’s not been taken care of, you may have to displace every tenant so renovation can be done. It’s not an easy calculation.</p>