Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Kamal H.

Kamal H. has started 3 posts and replied 14 times.

Post: How much should I ask for off of Rent?

Kamal H.Posted
  • Real Estate Investor
  • Berkeley, CA
  • Posts 15
  • Votes 3

thanks charles

Post: How much should I ask for off of Rent?

Kamal H.Posted
  • Real Estate Investor
  • Berkeley, CA
  • Posts 15
  • Votes 3

obviously you all have hurt feelings from bad tenants and I am sorry for this. i understand your frustration regarding this--i am going to pay him and in full.

nobody here has mentioned what is fair compensation on rent for work being done 40 hours a week for 3 months. and, all of you are suggesting that i'm not going to pay and telling me what would happen if i don't--that's silly as we've already established that i'm going to pay.

if anyone can stay unemotional (sorry about your experience with bad tenants) and just answer my original question i'm all ears.

Post: How much should I ask for off of Rent?

Kamal H.Posted
  • Real Estate Investor
  • Berkeley, CA
  • Posts 15
  • Votes 3

:-) yes this is true--it's both our faults though, we got too busy and never squared away. I just want to know my rights and do what's right. He wouldn't give me anything off though unless I brought it up, and they are so cheap I think they'd try and nickel & dime me unless I know what i'm entitled to...

Post: How much should I ask for off of Rent?

Kamal H.Posted
  • Real Estate Investor
  • Berkeley, CA
  • Posts 15
  • Votes 3

Hello, I am currently working things out with my friend/roomate/landlord to settle and pay rent. So, the crazy thing is that both he and I got lazy and fell far behind on rental payments so I haven't paid anything in 3 years--I know this is odd but please read on. So, I owe roughly around $30K in rent and utilities which is fine as I have the money; we just haven't had the chance to crunch all the numbers and transfer funds. My roomate's family owns the home we live in; he "kinda" is the landlord along with his mother.

However, over the past few months they have been renovating the bathroom. I think they just found the cheapest contractor they could because it's taken over 3 months and they are still doing work. For 5 days a week, from Apr 20th to now (Jul 23) and ongoing there has been a contractor here around 8 hours a day. I'd estimate about half of the time he's here I couldn't use the bathroom. He's a nice guy and all but it's annoying and I know that it shouldn't take this long to finish. In any case back in May, 1 month into the renovation I talked with my roomate/landlord and he said he would give me a free month of rent for the inconvenience. That was in May though and I'm still dealing with this at the end of July.

My question is, what is a fair amount to ask in compensation for the amount of inconvenience I'm going through? I'm not looking to fleece the guy but I've learned that if I don't say anything he'll just take advantage of the situation. I live in CA; my rent is $600/mo + around $150/mo in utilities. What is a fair amount to ask off of rent to compensate? I am hoping landlords and renters can give me honest opinions.

Thanks!