Posted by Ronald * Starr(in No CA) on September 02, 2003 at 22:58:10:
Gee, after all that work and you’re going to let somebody else enjoy the fruits of your labor, huh?
Well, you don’t really give the needed information to make a solid recommendation. But, if you can raise the rents to a typical market rate in the area, the odds are abut 93% that the renters will not move.
Even if one were to move, a lot of duplex buyers are owner-occupants, so having a vacancy is good–the buyer can move in as soon as the property has changed hands.
Don’t worry about the renters being uncooperative.
The higher rent suggests a higher selling price. So do it, as long as it is within market rents. In fact, if possible raise it even more, if it will keep you within market rent range, even if a little high of average.
Good InvestingRon Starr****