 Rent reduction (by Larisa [OH]) Jun 5, 2014 4:30 AM
 Rent reduction (by Ken [NY]) Jun 5, 2014 5:26 AM
Rent reduction (by Pattyk [MO]) Jun 5, 2014 5:35 AM
Rent reduction (by Vee [OH]) Jun 5, 2014 5:57 AM
Rent reduction (by Bodybuilder [SC]) Jun 5, 2014 6:34 AM
Rent reduction (by SMB [OH]) Jun 5, 2014 6:43 AM
Rent reduction (by Robin [WI]) Jun 5, 2014 7:09 AM
Rent reduction (by Larisa [OH]) Jun 5, 2014 7:13 AM
Rent reduction (by S i d [MO]) Jun 5, 2014 7:34 AM
Rent reduction (by Robert,Ontario,Can [ON]) Jun 5, 2014 7:37 AM
Rent reduction (by DIXIE [KS]) Jun 5, 2014 7:38 AM
Rent reduction (by Vee [OH]) Jun 5, 2014 7:56 AM
Rent reduction (by larisa [OH]) Jun 5, 2014 7:59 AM
Rent reduction (by Vee [OH]) Jun 5, 2014 8:07 AM
Rent reduction (by BillS [CO]) Jun 5, 2014 8:18 AM
Rent reduction (by larisa [OH]) Jun 5, 2014 8:32 AM
Rent reduction (by cjo'h [CT]) Jun 5, 2014 8:51 AM
Rent reduction (by Moshe [CA]) Jun 5, 2014 9:31 AM
Rent reduction (by Larisa [OH]) Posted on: Jun 5, 2014 4:30 AM
Message:
State Specific Question About: OHIO (OH)
Hello. My tenants moved into my nice, completely renovated and remodeled SFH 3 months ago. They signed 1 year lease. Now they tell me that the area is not safe, as according to them "there were 3 shootings 3 houses away ". Bottom line, they ask price reduction on rent.Besides, they mentioned, that "houses with $800 rent must have central air". I already gave them a $15.00 pet monthly rent deduction for their 90 lbs dog ( reduced from $50 to $35), I guess the tenants are probing me if they can get anything else. I wanted to give the HAPPY CLAUSE , but doubt they have money for ELT. Any ideas how you would handle this situation is highly appreciated. Thanks --65.27.xxx.xxx |
Rent reduction (by Ken [NY]) Posted on: Jun 5, 2014 5:26 AM
Message:
The quality of the neighborhood is already figured into the rent and I would tell them that and it didn't have central air when you rented it and it won't have central air when you move out. --24.92.xx.xxx |
Rent reduction (by Pattyk [MO]) Posted on: Jun 5, 2014 5:35 AM
Message:
What do you want to do? --66.87.xx.xx |
Rent reduction (by Vee [OH]) Posted on: Jun 5, 2014 5:57 AM
Message:
I would suggest the happy clause, central air adds another 250 unless it already had it and you want to chance another outdoor unit for 200. --75.94.xxx.xxx |
Rent reduction (by Bodybuilder [SC]) Posted on: Jun 5, 2014 6:34 AM
Message:
This is why it helps so much to tell tenants that you're the MANAGER, not the OWNER. Say that you only "work for the owner" (which, in my case, is a company that is owned by my wife and me). As the manager you can shrug your shoulders and say "I can't really make that decision, but I'll ask the owners." Then after a couple of weeks say that the owners said no.
It really changes the whole tone of the conversation. A "manager" is just an average guy trying to do their job and make a living like the rest of us. An "owner" supposedly has money coming out their ears, is ultra greedy, and would sue their own mother. --162.207.xx.xx |
Rent reduction (by SMB [OH]) Posted on: Jun 5, 2014 6:43 AM
Message:
They have a responsibility to do due diligence before signing a lease. That means researching the neighborhood, knowing what the property has to offer (no AC), etc. If they didn't do these things before signing a lease, that's not your problem.
They are playing you and trying to see how much they can get you to do, since you've already shown weakness in their eyes by reducing the pet rent.
If they truly are scared for their safety they will do whatever they see fit to do. If they're just looking for an excuse to get their rent lowered, then don't play their game. I assume the place had no AC when they looked at and rented it, therefore I would just remind them of that, or not even address it at all.
Regarding the supposed shootings (easily verifiable), if that's really true and they really fear for their safety nothing you do is going to make them want to stay, so just let them do whatever they're going to do and deal with it. My guess is they're not scared, they're just trying to see what you will do for them when they push.
A simple "you signed a lease, the rent is clearly stated in the lease" should suffice. If they push, tell them they are free to do whatever they feel is in their best interest, but they are responsible for the rent for the term of the lease (or whatever you want to get from them, ELT, etc) and you will pursue them for it in court if necessary. --12.32.xx.xxx |
Rent reduction (by Robin [WI]) Posted on: Jun 5, 2014 7:09 AM
Message:
So reducing the rent will make them feel safer? --99.20.xxx.xxx |
Rent reduction (by Larisa [OH]) Posted on: Jun 5, 2014 7:13 AM
Message:
To Bodybuilder: I f a pretend that I am the manager, not the owner, how can I sigh the lease? I thought it is the landlord's ( owner) responsibility to sign the lease. Thanks --65.27.xxx.xxx |
Rent reduction (by S i d [MO]) Posted on: Jun 5, 2014 7:34 AM
Message:
Larisa,
I do the same as Bodybuilder regarding the owner/manager. Leasing agents / Property Managers sign on behalf of owners all the time. I only sign my first name and last initial, and you'd be hard pressed to read it. Most of my tenant's have "Doctor" signatures (scribble, scribble), but as long as it matches what's on their application it's not a problem as far as enforcing it in court.
I never reduce rent for any reason. ANY reason. Tenants are responsible for doing their own due diligence prior to move-in. If they are not happy, they can get an extra job or have a garage sale and save up over the next month or two to pay the ELT or stay put. Or move out and get sued. --108.250.xxx.xxx |
Rent reduction (by Robert,Ontario,Can [ON]) Posted on: Jun 5, 2014 7:37 AM
Message:
A lot depends on the vacancy rate. If the vacancy rate is low then let them walk as in short time one will be able to rent. --74.220.xxx.xxx |
Rent reduction (by DIXIE [KS]) Posted on: Jun 5, 2014 7:38 AM
Message:
Ken explained it perfectly. And Robin...I was wondering the SAME thing! --70.195.x.xx |
Rent reduction (by Vee [OH]) Posted on: Jun 5, 2014 7:56 AM
Message:
Larissa if you in NE Ohio I urge you to attend the RIEANO dinner next Wed 530 in Parma Hometown Buffet, I would be glad to chat with you there, it will come up on a search. --75.94.xxx.xxx |
Rent reduction (by larisa [OH]) Posted on: Jun 5, 2014 7:59 AM
Message:
To VEE: thank you for invitation, but I live in Troy, Miami county. --65.27.xxx.xxx |
Rent reduction (by Vee [OH]) Posted on: Jun 5, 2014 8:07 AM
Message:
Find someone at a local landlord meeting who can offer a bit of mentoring, in this situation as the others have said, they looked - walked - liked and signed up with the house accepted, If they would consider the rent increase you will try to add central a/c - many older places do not have large enough vents for it to perform as well as the nameplate ratings so proceed with a few opinions from installers.
Lowering the rent will not make them feel safer,they just have leasing remorse - act with the ELT, but the time is moving and summertime is short for everyone, especially owners with empty places. --75.94.xxx.xxx |
Rent reduction (by BillS [CO]) Posted on: Jun 5, 2014 8:18 AM
Message:
Pretty much along the lines of the others. Sorry but no reduced rent. Would they accept higher rent in the middle of the lease if they suddenly found other houses renting for more? No.
Nothing you have said would make me want to evoke the happy clause. Don't take their calls any more, let it go to voice mail and then reply within 24 hours. Only reply to emails and texts after 24 hours. Slow down the process and give yourself time to think about what is going on.
Figure out how to disengage yourself from your emotions about them. It seems that them not liking your house is a reflection of you. It's not. Let go of their feelings and let them own their emotions.
Rent on. --75.160.xxx.xxx |
Rent reduction (by larisa [OH]) Posted on: Jun 5, 2014 8:32 AM
Message:
I would like to thank all of you ,guys, for your advice, support, recommendations. I am very happy I found this webpage.Larisa --65.27.xxx.xxx |
Rent reduction (by cjo'h [CT]) Posted on: Jun 5, 2014 8:51 AM
Message:
Larisa,You are the manager,whether you know it or not,unless you have someone come and do the managering for you.When you sign the lease you sign your name Larisa S-----,Manager(for the owners) .That's all there is to it.Don't let them brow-beat you.Like someone else said "will lowering the rent make them feel safer".I don't think so. Charlie....... --70.215.x.xxx |
Rent reduction (by Moshe [CA]) Posted on: Jun 5, 2014 9:31 AM
Message:
Most states (not CA) treat leases under Real Estate law (CA and a FEW other states have begun to treat them under contract law).
Under contract law, once executed, a contract represents a bargain made by buyer & seller. In the event of a default in the lease, the injured party is entitled to the full value of his bargain.
--96.247.xx.xxx |
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