From the Forum: Is Raising Rent Worth the Risk of Losing a Good Tenant?
Is it more important to receive a higher rental income, or to keep solid tenants who pay a little bit less per month?
A Park Slope landlord is thinking about raising tenants’ rent, but isn’t sure how the local market is looking and doesn’t want to lose the current tenants. The reader settled on an increase of $75 per month, but it raises an interesting question: Is it more important to receive a higher rental income, or to keep solid tenants who pay a little bit less per month? Share your thoughts below.
[forumTopic id=”general-discussion:park-slope-rents”]
Need a professional opinion? Try Brownstoner Services, where you can talk to a concierge (it’s free) or browse our community of pros. >>
Related Stories
Get Advice on Home Renovation and All Things Brooklyn in the Brownstoner Forum
From the Forum: How Can I Fix Up My Back Yard on a Budget?
From the Forum: My Contractor Won’t Finish My Gut Renovation
Email tips@brownstoner.com with further comments, questions or tips. Follow Brownstoner on Twitter and Instagram, and like us on Facebook.
What's Your Take? Leave a Comment