In a rent-controlled world should you vacate tenants to obtain market rent, or be content with the allowable annual rental increase percentage, as governed by Rent Control? It depends on your target rental rate, your target tenant clientele, and the cash on cash return for your efforts!
In this Week’s Video, I give you an update on the status of my most recent remodel project which consisted of vacating an entire multi-family complex! Sounds scary I know, and honestly I get a little nervous each time I do this, but the payout will be HUGE! Keep in mind I have had to battle with increased labor costs, increased material costs, and a material shortage. Lucky for me I stick with the adage “I will, until!”