How to raise rents for office tenants

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Posted by Patrick on November 05, 2008 at 05:04:20:

(Note: I posted this accidentally in the Main RE Forum here on CREOnline. Sorry for the duplication.)

I own a large historic home that I rent out as office space to regular, long-term tenants in the second floor rooms, and I also rent the large first floor rooms as meeting/banquet space to groups for special events. I want to raise the rents I'm charging my office tenants, but I'm afraid that I may loose one or more of them if I do. Can anyone offer suggestions on how to negotiate fair rent increases for commercial tenants? The house is located in a small city in West Virginia.

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