Updated almost 18 years ago on . Most recent reply
reduced rent for tenant to keep an eye on things
Hi everyone,
Is there any downside to reducing the rent for a tenant by 1/4 just to have them keep an eye out for anything that needs doing or watching over the property? It is sort of a long-distance property and we are just looking for someone to give us a call if anything weird is going on in between weekly trips to the property. The neighbors could do it, but someone in the actual building seems more practical but it also seems like there must be a negative somewhere. They would not be asked to collect rent or do much of anything, just call if they see a problem.
has anyone done this?