Advice to make a positive cash flow

[Jeff Stansberry]

Hello,

My first and only rental property I purchased in 2007. It is a 2b/1b 2 Unit Duplex and was purchased for 240k and now worth 130k (for obvious reasons). Due to the recession I had to lower rents to stay competitive which gave me a negative NOI and I refinanced to secure a lower interest rate which raised my monthly payments a bit.

I have a negative of around $250 a month. I can't lower my rate anymore because of the value of the property. Nor do I have money to pay the loan down. 

Would it be worth it to to small kitchen rehabs and try to raise the rents? Both units are occupied. 

I'm looking for a little advice on how to change things to possibly create a positive cash flow.

Thanks

[Jonah Schwartz]

Since your property value dropped, you might be able to lower your property taxes by applying for reassessment under California Prop 8. Even if the county already lowered your assessment automatically, you can appeal if you disagree with the numbers.

http://www.boe.ca.gov/proptaxes/faqs/prop8.htm