John Williams
Rent Reduction vs. Renewal Bonus
Hi all,I have a family that is considering renewing their lease for another year. One of the family members was laid off, so they've also asked for a temporary reduction in rent of $200 for the remainder of the year. ...
Daniel Michael Phelps
What's better? Credit or reduction?
I just completed negotiations with a seller and wanted some advice on a situation I've encountered on back to back purchases now. After negotiating, the seller has given me a $3,500 credit towards repairs. Is it bette...
Jason Perry
Rent Reduction as Charitable Contribution
We have been contacted by a priest who is working with a family that is in desperate need of a place to live. If we give them a huge reduction in rent from the amount we would charge, is that tax deductible as a chari...
Rick Estacio
Price Reduction for Bad Tenant
I'm in contract to purchase a 2 unit occupied property at the Jersey Shore for $485,000, which I offered to buy based on receiving both units vacant (so I could do short-term summer rentals). I learned today that the...
Martha Fiddyment
Rent reduction as a gift
I rent a house to my daughter for about $1500 below market. Is this difference a gift to her? At this rate it exceeds the annual gift maximum by $3000. Do I file a gift tax form? If this is the requirement, how do I f...
Scott Harper
Price reductions in Midland Texas
I just read some stats on cities with biggest price reductions in real estate. Midland Texas was number one out of about the top 25. For you folks,out in Texas, why is that number one? What are you experiencing there?
David Avetisyan
OPINION: Credits vs Price Reduction
If you were in escrow and came across repairs that needed to eventually get done to the tune of 25K-50K on a larger MF, would you ask for:• Credits or price reduction and why?Thank you in advance!
Stephen Stokes
Ideas for Street Noise Reduction?
Having trouble renting a unit due to street noise. Anyone have any tactics or ideas for reducing street noise inside a unit facing busy street?
Bala P.
Market reduction in FHA Standards
Friends,
This property was just reduced $20K and in the MLS description has the vebiage '**$20,000 BACK ON THE MARKET REDUCTION** in *FHA standards'. The current list price is around $20K less than the comp in the ...
Mark Hegele
tax on mortgage principal reductions
I own some small assisted living homes for the elderly. Is the principal reduction on my mortgages each month considered taxable income? And if so at what rate?