Raising Rents the Right Way

10/11/19 • 10 min

Raising rents is not rocket science by any means, but there are far too many landlords who are not doing it right. In this episode I give a few tips on how, when, and if a rent increase is in order. We talk about what the current rental market is when making those decisions, how supply and demand impacts it, and how to properly advise the tenant that rent is going up!

Previous Episode

5 Signs You Might Need A Property Manager

In this episode I discuss the top 5 pitfalls that self manage landlords run into and why a property management company might be right for them. A property management company is not an ideal fit for all investors, but there are some that could use the help! I cover tenants who take advantage of their landlord, efficiency in renting, property tenant screening, and landlord practices that should be abandoned in 2019!
Tyson Hill is a rental property investor in multiple states and owns a successful property management company. He grew up around the rental property game and knew by the time he was 15 years old that he wanted to own rental property. 9 years later he acquired his first rental home and has continued to invest and build his portfolio ever since. Tyson is passionate about rental real estate and created this podcast to share his insights, opinions, and actionable tips to anyone who owns rental property. Feel free to reach out to Tyson at [email protected]

Next Episode

From 60k to 240k in 8 Years: Patience Baby!

By now you know my stance on real estate: HOLD IT! In this episode I give 2 great examples of how one investor deployed patience and won, and how another did not and cost themselves over 150k in a 3 year span. Everyone who buys rental property has a purpose, but can many times get knocked off their path. I talk about creating a firm plan and visualizing what the end game looks like. Don't get seduced by the quick cash, play the game and win in the end!