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hey I'm Clint with rent like a pro in this video I'm going to go over four easy ways to raise the rent and keep your tenants happy one building in the lease automate it so it increases by a percentage every time their lease comes up if they know upfront they usually don't get unhappy about it or upset about it it's when you change things out you're already in the lease or try to do these difficult negotiations later but if they sign a lease and you have a three or five or 2% regular increase that happens every year it should be fine especially if you've gone over the lease or shown them that up front to give them a discount now that sounds funny because you think I'm going to raise the rent but I'm am going to give him a discount because at the end of their lease there's a month-to-month fee that kicks in this was all explained to them when they sign their lease and let's say for example it's fifty bucks a month increase if they decide to go month-to-month right this fee is totally covered in our book we'll put a link to it below but I'll give you the basics of it right here basically if they decide to go on a month a month their rent goes up automatically by 50 bucks so what we do at renewal is we go hey if you want to go month-to-month there is an additional fee to that but if you'll renew right now we can renew and only increase your rent by twenty bucks we save you 30 bucks a month if you'll renew this month you have no idea how many tenants I said oh that's great thank you so much I raised their rent by 20 bucks saved them 30 gave them a discount off what their lease was going to do so they gave them a discount but now the rent went up 20 bucks 20 bucks is 20 bucks right three upgrades and improvements a lot of landlords let the property just sit there and they have this good long-term tenants for let's say 12 years right you know it probably needs new carpet and it might need paint and some things like that right and they'll wait till that tenant moves out then you'll go in and you'll put all this money in the unit and rent it the next person exit interviews will show they moved out because they found a nicer place and those long-term tenants are the ones landlords are afraid to bump the rent on right so in your usual communications always in writing you say hey you know on our last inspection you do regular inspections because you landlord like a pro rat we notice the carpet need replaced or you guys be interested in getting new carpet or you know paint or something like that care if they want any new upgrades or whatever like that they might say you know this dishwashers really having problems you know I can put that in but it's also let's renew your lease and I can give you new carpet for an extra thirty bucks a month or whatever okay these are sample numbers but you get the idea give them something they want get them to sign a new lease at a higher rate renew the lease kay so using something they want to raise the rent it's a smoking deal and you got to present it that way you want new carpet I'll raise your rent now the carpet cost me a lot and adds value to the property if you guys are willing to just bump your rent like 35 bucks a month I can go ahead and do that there you go right now carpets going to cost you a lot more than that in a year but the key is you were going to have to put a new carpet anyways so now you have happier tenants that are going to stay longer and they're paying more for rent four is really simple it's payment options a lot of tenants don't get paid monthly but you require them to pay rent monthly so we have one called the payday payment options that's fully explained in a different video we'll put the link below it shows you how you give them different payment options and you can increase the rent depending on what payment they want tenants will thank you for this they'll thank you for the convenience of the different payment options and you can earn even up to $40 $50 extra a month using the payday payment options if you have any questions below be sure to ask them we'll take care of your questions also feel free to share this with any other landlords that might be trying to figure out how to raise their rent without taking off their tenants thanks for watching