All Forum Posts by: Sinead MacFhionnlaoich

My tenants have rented the property for 2.5 years and have always been good tenants. I rent the property about at market rent, i don’t include certain utilities in the rent cost (water, electric, gas), i have laundry units and have no pet restrictions. My tenants recently messaged me and asked for a $250 reduction in rent per month and to not be charged for utilities (about $200 a month). I live in an area where rents have been steadily increasing and I know with inflation everyone is struggling these days. 

I don’t want to lose my tenants but a $450 a month reduction is going to really impact my ability to upkeep the property. I’m considering offering a $200 a month reduction but obviously I’d rather keep it as it is. 

I would really appreciate any advice; I’ve never been in a situation like this before. 

 It would be complete a rental; I live and work in a different state to where I’m planning on purchasing 

Hi! I’m a relatively new investor. I own a single family home that I purchased as a primary residence two years ago. I rent out a portion of that home for more than my mortgage and I’m planning on fully renting the property in the next six months. I live in an expensive area and I’ve been looking at purchasing a 2-6 unit multi family property out of state. I’m planning on putting down 20-25%. What financing companies should I be looking at and what kind of loans could I use?