Louise Robaina
Reduction in rent request
First time posting anything....We have one new tenant. She is requesting a reduction in rent because we had a heater (vent) problem that we quickly resolved, but now the unit above hers may have a sink/tub leak that...
Jason B.
Reductions in FHA availability
Just read an article today in the fiscal times discussing Quicken Loans consideration of pulling out of FHA lending completely. Apparently they have already scaled back, as have JPMC, BoA, and Wells Fargo. Sounds ...
Christopher Davis
Price Reduction... How soon?
How long will you guys let a house marinate in this market before you'll do a reduction? Do you have a plan or system that has shown any sort of results?
I have a really nice rehab - best for sale in the neighborhood,...
N M Clarke
Rental Reduction Requests: CALIFORNIA
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...
Will G.
Big reduction in noi?
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...
Vikram C.
Foreclosure auction - risk reduction
When buying at a foreclosure auction, I have several risks and most of them are controllable. I can figure out the ARV with some degree of accuracy, I can check for title, senior liens, etc.
The big worry for me is ...
Digger Odell
Property tax reduction strategies
I need to try and get the property tax on my new property reduced. Town recently (last October) had a reval and my property is way off from both what I paid for it in November and how the town has it measured for livi...
Troy F.
Seeking debt reduction advice
Hello,I'm looking for a little advice on which debt I should reduce. I have $30,000 I've decided I want to put down on the principal of one of two rental properties I currently have mortgaged. I'm curious to hear whic...
Cian R.
COVID-19 Rent Reductions
Are any Hudson Valley / Upstate New York landlords receiving rent reduction requests from their tenants as a result of COVID-19? If so, how are you handling it? Some tenants are not asking for rent payment extensions,...
Marci Stein
List of Security deposit reductions
awhile ago someone had posted a list of items which can be deducted from security deposit after tenant moves out ex: cleaning services Anyone know how I can find it again ? Thanks!