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The Complete Idiot's Guide to Real Estate Investing Basics by George G. Sheldon, David J. Decker

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Chapter17
Property Problems
In This Chapter
• Handling rent increases
• Managing repair requests
• Preparing for unexpected repairs
• Fighting your tax assessment
 
Increasing your rent is not just about creating additional cash flow. As the cost of operating and maintaining your rental property increases over time, you need to raise the rent that you charge. Additionally, since real estate values are at least partly determined by the income-producing ability of the real estate, raising the rent is crucial to adding value. Before you raise the rent, consider first whether or not you are allowed to do so. This chapter will explain how to raise rents and manage your property properly.

Raising Rents

Most likely, any lease in effect prohibits the ...

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