For every renewal and every new tenant, you should be asking higher rent. You keep up this policy until your occupancy gets below 95 percent. Now you’ve found out what the market is willing to pay for rent in your building. You should now level off, and hold it there until your occupancy climbs above 95 percent, at which time you start the process again
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Redemption - (no access) - [David_Lindahl]_Multi-Family_Millions_How_Anyone_(b-ok.org).pdf, p34
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