My Number One Financial Rule:- A bird in the hand is better than two in the bush.Folks,
As a landlord, is it time to reduce the rent with all the uncertainty and unemployment?
Getting ahead of the curve. Before the tenant announce they are moving out.
This is most likely temporary though. Once we start to recover and air bnb comes back into full swing there is going to be a reduction in available properties to rent. You might get value in the short term via reduced rent but rents will increase in time and you could find yourself (after giving up your smaller property) in a bigger apartment and not being able to afford it.I have seen a two bed apartment in south Dublin advertised for 1600 per month.
This is the lowest that two beds have been advertised for since the Autumn of 2018. The laws of Supply and Demand will come into play and will give opportunities for people to move to bigger apartments for near the same rent
I see it as adjusting when required.As a landlord, is it time to reduce the rent with all the uncertainty and unemployment?