How Much Should You Raise the Rent?

Your tenant's lease is almost up. Do you raise the rent? You want to keep a good tenant in the house, but you don't want to leave money on the table either. Property manager Brian Mullins of 1907 Property Management walks through how we handle lease renewals: knowing your market, doing the turnover math, why your expenses don't set the rent, and why you should start the renewal process 90 to 120 days out.

Own rentals in the Oklahoma City metro? Renewals are something we handle every single day. Give us a call and let us take them off your plate.

WHAT WE COVER

In this video

1. 0:00 Coming up
2. 0:17 Lease renewal time: what do you do?
3. 0:54 Step 1: Know your market
4. 1:58 Step 2: Do the turnover math
5. 2:55 Step 3: Your expenses don't set the rent
6. 3:33 Step 4: Tell your tenants early
7. 4:15 The good tenant we lost over a late renewal
8. 4:52 Quick recap

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