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Remainders, Rents, Issues or Profits Thereof Form

Remainders, Rents, Issues or Profits Thereof Form

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when you raise rent I recommend that at 9 months you run comps to see what's going on and then you reach out and have a very Frank conversation with the resident in terms of their experience and what you're wanting to do and you give them an offer and you let them know about the rent increase the rent increase I do varies by state but I usually aim for the $25 to $50 because that's a small enough increase that they don't really blink they're just like oh that's that's not too bad but it adds an extra $300 to $600 of cash flow for you and they are more than likely rting to stay and then I always list a reason why maintenance expenses went up I know in Utah right now with inflation and everything like utility bills or skyrocketing property taxes have gone up and when I explain that to them they take it much easier and then I set a deadline of you need to either accept or reject this uh in the next seven days

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