One of my tenants is asking for a reduction in rent. They`ve been in the place for a year and a half and are now going month to month as opposed to a one year lease. They have seen the price of similar rentals being advertised all around them and some landlords seem to be panicking and offering ridiculously low rent just to get someone into their place quick.
So now they`re asking for a reduction in their rent. They`ve been very good tenants, so I guess I don`t have much choice. Either lower the rent or lose them.
Anyone had a similar experience?
This unit is in Calgary, where things seem to be deteriorating at the moment for landlords.
So now they`re asking for a reduction in their rent. They`ve been very good tenants, so I guess I don`t have much choice. Either lower the rent or lose them.
Anyone had a similar experience?
This unit is in Calgary, where things seem to be deteriorating at the moment for landlords.