You could even tell them your spouse was destroying the bills or something to that effect.

As was pointed out, the effective rents will be well below $550, the maintenance and vacancies will be high, and the numbers don't work even if it is really cheap.

I've considered using a manager but for one property it never seemed cost-effective.

My only suggestion is that it shouldn't have taken you a month to confirm whether the price drop had taken effect.

Harder way is going through a lawyer, but normal people would not make troubles with agreement they have signed up on.This way you have a paper on it.

Even if your lawyer (or someone on BP) tells you that you are not breaking the law, you still might be accused of abusing the system.They also hint at the tricky ways they will nail you.

As always, consulting with your landlord/tenant lawyer would be a very good idea.I think you have two choices:1) Tell the tenant she created the problem and she needs to deal with it.

i don't want to get too political, but unfortunately, business is politics...my biggest complaint owning apartments was how the government would support tenants til death and shun the landlords...have had several code violations properties, where i fix everything, but tenants do the damage again, and we go back to environmental court with the code inspector..even when i have pics and proof, it's still an expensive pain lawyering up when the government provides free attorneys to tenants..i guess i don't have it as bad as others...in some states it takes months to evict, and in others if the tenants don't pay the city water bill, the government can lien your property...all this does is put more pressure on landlords and take responsibilty off of tenants..to me, that is a huge pain!

As far as getting a lawyer involved, I'm note sure if it's worth it in my case.

:I'm also contemplating weather to skip the RE license or i should go straight to broker's license. i heard that test is harder.Unless you majored or minored in Real Estate, you won't be able to test for the Broker's exam without 2 years experience working as an agent for much longer.http://www.car.org/newsstand/newsreleases/2012releases/ab1718From what I understand, the new law goes in to effect on 1/1/13.