Justin Ohms
Aug 15, 2021

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I’m confused. You have every right to do what you want with your property but you never mention them being delinquent with payments. Therefore it sounds like they are paying their rent. If that’s the case then I don’t understand the problem. Just raise the rent to a point where it is profitable for you. What most landlords struggle with when raising rent is increasing enough to maintain or increase profitability while keeping the increase low enough to keep tenants from leaving. But for you it doesn’t matter. Double or even triple the rent at that point they are going to probably leave. If they don’t you’ve got a property that is renting way above market rate and you’re raking in a healthy profit. At that point you could even sell to an investor because your cap rate will be crazy high.

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