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Updated almost 2 years ago,

Tyrell Peters's profile image
Tyrell Peters's profile image
Tyrell Peters
  • Member since Mar 13, 2019
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Tyrell Peters's profile image
Tyrell Peters's profile image
Tyrell Peters
  • Member since Mar 13, 2019
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Tyrell Peters
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General Landlording & Rental Properties

Reducing Rent for Current Tenants Due to Market Slow Down

Tyrell Peters
Posted

Hello,

Does anyone have any experience for reducing rent when a lease is coming to an end? In our area the last 3 years rent has increased immensely, like a lot of areas. However there is a huge flood of new Apartments now and there no way I could re-rent our duplex for the same price we did a year ago. Should I reduce the rent to current market prices with the new lease?

Coeur d'Alene, Idaho
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