February 7, 2023
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7:17Now PlayingA TikTok real estate investor and landlord thought it would be cool to film himself doubling his tenant's rent. Jayar Jackson and Jessica Burbank break it down on The Watchlist. Watch LIVE on weekdays at noon ET.
Read more HERE
"A now-viral TikTok of a landlord telling a tenant of over ten years that he will be doubling her rent has sparked debate on the platform.
TikTok user Raul Bolufe (@therealraulbolufe) posted the video on Jan. 29. As of Feb. 1, the video garnered over 1 million views.
In the video, Bolufe called his tenant to introduce himself as the new property owner, and asked if she wanted to continue renting the house.
“You’re currently rented for $1,100. That house is in Miami. It’s a pretty low price in today’s market,” he said. Bolufe explained that he would have to raise the rent if she were to stay. He said other houses in the area cost about $2,500 a month to rent."
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