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Increase rental prices with this strategy, according to real estate investors

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Increase rental prices with this strategy, according to real estate investors

Dion McNeeley owns 16 rental units in seven properties in Washington state.
Courtesy of Dion McNeeley

Dion McNeeley says he spoke to 50 former landlords about why they had to sell their properties.

A common mistake has been that they didn’t raise the rent to keep up with the increased costs, which hurt their returns.

McNeeley’s “stewardship strategy” allows him to raise rent and still keep happy tenants.

We’re currently testing machine translations of articles by our US colleagues at Insider. This article was automatically translated and checked by a real editor. We welcome feedback at the end of the article.

After living hand to mouth for most of his life, Dion McNeeley succeeded, thanks to smarter real estate investmentsbeginning 50 in interest to go.

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