Originally posted by mbSVT:
...if you have high occupancy and long term leases locked in.
VERY key phrase...
I've seen a guy get burned pretty bad when he tried hiking rent during a rennovation. A quarter of the tenents vacated within 3 months, as the contract cancellation fee was a wash in terms of the rent hike when looking 2 months out.
Upside was that he was able to finish the rennovation faster!  
Downside is that he's still waiting to see some profit from his investment and notes are coming due...
JaTo
e-Tough Guy
Missouri City, TX
99 Contour SVT
#143/2760
00 Corvette Coupe
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