Evaluating deals, economic cycles, buying, selling, financing, syndication...Nuts and bolts of real estate development.

George because of the lack of economic activity.

I know the current economic climate is not the best for getting rent reductions, but the idea is that renters can negotiate by agreeing to a longer lease or a larger deposit to give the landlord more security.

And the stock market is almost always a leading economic indicator!

Tenants are happy with it and IT"S NOT CARPET.I use a master key system which is economical when purchased from Landlordlocks.com.

I noticed on another thread that you have a keen interest in economics.

Every real estate market is a macro-economic area so each will be affected by the economy, jobs, government, etc... in a different way.

This strategy was successfully used during the Savings & Loan crisis back in the late 80's.

Or is there any other economic driver that I am not aware of, which explains this decline such as major employers moving out of the state or something?

My understanding for him to get his compensation is via1) Certain persentage of rent collected (I won't disclose how much percentage)2) Half of the 1st rent when rented.If there is no economic benefit as a result of him doing this repair job, there is no reasons to be upset but it seems that he is actually taking some compensation from this repair so that's why he was upset when I started to shop around.Now, he is saying that if I choose another vendor, I need to change the property management company (Which I have many choices so there is no problem).