I Raise Apartment Building Rents Slowly because its makes me more Money | HoltonWiseTV Highlights
Channel: HoltonWiseTV
Date: 2023-04-06

If you raise the rent, you make more money, right? Wrong. Sometimes a increase your tenant's rents will make you more money, but you've got to do it the right way. Raising rent on tenants the right way is very important to the landlord's overall cash flow. Some apartment building owners think they should always raise their rents aggressively. Doing it this way is not always as profitable as you'd think as it tends to create more costly turnovers than normal. Instead, the best way to raise your tenant's rent at your apartment buildings is to do it slowly. If you aggressively raise all of your tenants rents at once you may end up with an empty building that needs a turnover renovation on every single unit. By raising the rents slowly you can limit costly unit turnover repairs and keep the cash flow coming. Subscribe to HoltonWiseTV for more property management tips.


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