SS236: How To Raise Rents Without Losing Tenants
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Raising rents can feel risky but not raising them could be even worse.
In this episode of Strategy Saturday, Charles Carillo shares a proven strategy for increasing rents without losing your best tenants. Whether you’ve just bought a property with under market rent, are dealing with inflationary pressures, or want to boost your cash flow without causing turnover, this episode will walk you through exactly what to do and what to avoid.
Charles covers:
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How to raise rent the smart and sustainable way
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When to use a rent concession strategy
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How to justify rent increases with data and transparency
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What to include in a rent increase letter
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The hidden cost of tenant turnover
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Why communication and empathy are key to tenant retention
If you're a landlord, real estate investor, or property manager looking to raise rent without damaging relationships, this episode is your roadmap.
Mentioned in this episode: Watch Episode SS39 for a deeper dive on raising rents: https://youtu.be/rbdYOyyVXnM
Connect with the Global Investors Show, Charles Carillo and Harborside Partners:
◾ Setup a FREE 30 Minute Strategy Call with Charles: http://ScheduleCharles.com
◾ Learn How To Invest In Real Estate: https://www.SyndicationSuperstars.com/ ◾ FREE Passive Investing Guide: http://www.HSPguide.com ◾ Join Our Weekly Email Newsletter: http://www.HSPsignup.com ◾ Passively Invest in Real Estate: http://www.InvestHSP.com ◾ Global Investors Web Page: http://GlobalInvestorsPodcast.com/