Be ready for a long ride.

I would be more than happy to ride out there to give you my interpretation of the situation.

There is an old saying "cut your losses and let your profits ride."

Everything is in cycles, and we are just riding through one of these cycles.

"Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway."

This got me back up on the saddle and I was ready to ride! 

But what I'm pondering is what about you poor guys in the middle who can take a calculated risk and even if the s**t hits the fan you can ride it out long enough to break even or get a profit.

Rent is due Oct 10th, last night she informed me she is breaking the lease and asked if she could ride out the month of Oct, promising to be out by Nov 1, and asked if she could use her security deposit to pay for that.

If money isn't the driving force meaning you're not trying to get every last dollar out of these properties, then just keep the rent the same and enjoy the ride.

If you own rental properties then just mentally prepare yourself to ride out the storm and take solace in the fact that even if the value is dropping your tenants are still paying down your mortgage every month, hopefully you are cash flowing monthly and you still get to claim depreciation on your taxes.