Hi Folks,We bought a duplex and are trying the whole house hacking thing. Enjoying the financial benefits but a design flaw I overlooked when deciding to buy is that the steps going down to the basement is shared. Whi...
Hi, we recently bought a multi-family property we are renovating. After installing vinyl plank flooring on the 2nd floor, we realized that the included underlayment doesn't provide enough cushion and a lot of foot imp...
Have your tenants ever asked for a rent reduction?My tenants (students renting by the bedroom in a 4 Br college town home) are requesting a rent reduction due to repairs taking a long time. Their AC and Fridge have no...
Let's talk price reductions.
Price reductions are up dramatically currently. 14.9% of listings nationally are experiencing price reductions. This sounds scary....but is it really?
2021 saw 11.9% of listings experien...
One of my market rate units has asked for a -15% monthly reduction. The press out there has been brutal about how much vacancy and drops in rent, which include a lot of new developments downtown that were super high a...
Pocketeers, Looking at an 18 unit deal, 2016 had a noi of $72k and 2017 noi of $49k, due to lower gross rents and a bunch of needed cap ex on 3 of the units. How does one derive valuation with such different noi's?Wha...
Sold the condo earlier this year and facing couple K's in capital gain tax since it was a rental for last five years. While I guess I should be happy to face that problem but still would be nice to be able to reduce t...
hi BPers! I'm looking at a subject to deal where the overdue water bill is almost 10k! Property isn't up and running. Any advise on possible reductions?
I got a section 8 notice through stating that my Hap payment is $704
but tenant rent is $0.
Why have they reduced the tenant portion to $0 when it was previously $96 ?The rent is $800 and the tenant has...
I just had my hearing for reducing the assessed market value for 3 properties.Between all 3 properties I had over 100K in price reductions - not sure how much that will equate to in property tax savings but it will be...