Episode 37
#037: Getting Your Head Straight About Raising Your Rents
Get Real Podcast · Ron Phillips
September 23, 201925m 47s
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Show Notes
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.