Some landlords are now offering reduced rents just to fill vacancies during COVID-19.I would appreciate your thoughts on if we should politely respond the rent will be the same rate for the new lease.

@Christina PhilpsYou sold the property and it should be reported on your tax return.If the flip was unsucessful - you may have a loss which may reduce your taxable income.

Right now, I would probably use 20% or more for the next 6 months and gradually reduce it to 10-12% 12 months from now.Once you find your rents and expenses, create your own proforma P&L statement.Then add debt service line to the P&L to see if your projected cash flow is positive and meets your criteria.

If they break up, they are both responsible until it is resolved with a new tenant I approve.Negotiators:  Applicants who immediately ask me to reduce rent, I drop them from consideration. 

I’m all for calling again but if I know there’s no point, rather spend my energy in a different direction.

Buy right and you'll have reduced living expenses, build equity, and gain experience as a LL.

Now second generational tenant lease up at reduce rent rates then when purchased and equity from down payment is mostly gone.STNL can be great properties if you buy with the right locations for the right terms.

And, many landlords are reducing rent, or forgiving portions of rent.

On a partnership LLC, when you do a distribution , are you offsetting account for your owner contribution , ( so what they have into it is reduced? 

If the price is high and you're going to have to put in lots of time and energy, then it may not be worth it.I always ask to see if I can have a 1 month free trial.