Bradley Mischke
Decrease rent for longer term?
I got asked if I would decrease the rent for a longer term (two years instead of one). Just wondering how many of you out there would decrease the rent from $1300/month to $1250 for a two year lease instead of one. Af...
Account Closed
Should I decrease the rent?
My father rented a 6 bedroom, 3 bath home to 10 people before he passed away last year for 3,100/month. Now that the lease is expiring soon ,the tenants are asking for a rent decrease because five people will move out...
Edwin Manning
Increased prices lead to decreased profits
Hello everyone my name is Edwin manning i currently live in the Modesto Ca area and i'm about 5 days new to the Bigger pockets site and would love any help navigating. As we all know real estate has sky rocketed acros...
Derrick Powell
To Increase income or decrease expenses?
Good morning,I have a fourplex I pay water and sewer which is annually ~$3300. I received a quote to submeter the water ~$15k. This is about right as there will be new meters installed, digging the meter pits, new su...
David Gross
Has the cost of Lumber decreased?
Hi everyone!Seeing lots of news about the future market dropping for the price if wood. Are you seeing this reflected at retail? Has the cost of wood/material decreased? If so how much? Im rehabbing something in Hudso...
Mike Trzaska
Credit score decreasing due to mortgages
Hi BP,I know most people here with multiple properties have dealt with this situation. Over the past 18 months I have acquired 4 rental properties, refinanced my home, and opened a HELOC. All good things, except my cr...
Michael Breedlove
Tenant asking for temporary rent decrease
Hey BP. Here’s the situation. One of my tenants has been only working part time because of this pandemic. For the past 2 months she’s been allowed to split up rent payments with no late fees. I offered to allow her to...
Jacob Kline
Negotiating with lender for balance decrease?
If I have a contract on a property is it possible to go to the lender and negotiate the balance down for a cash payoff? The note is incurring daily interest, property is in bad shape, and lender would most likely have...
Patricia Andriolo-Bull
VRBO ranking seems to be decreasing
Hi and Happy Thanksgiving. I just saw a post re: the Airbnb algorithm. Interestingly, I’ve always got most of my business from VRBO but recently I’ve had an increase in Airbnb and a drastic reduction in VRBO. I app...
Kyle Nield
Will Nearby Development Decrease Home Value
Hey, I'm considering buying a home. It's a nice brick home, but outdated. We were hoping to buy it and do some updating while we live in it for the next few years, and then sell. The house is located in a rural area...