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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.
By Ron Phillips4.9
191191 ratings
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.

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