|
What if you split the difference since you like tenant? If it is $300-400 below market, ask for voluntary $150-200. If rent really is that below market, I think tenant should be reasonable and agree.
If you get a dick tenant in next ... it may not be worth the $3-4000 you get annually. One incident or damage and it could be 2x that to fix.
How did this situation come to be? Has tenant been there for like 8-10 yrs? Long term tenancy is the only way that someone might be in this position.
|