Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 15 years ago on . Most recent reply

User Stats

369
Posts
82
Votes
Ingrid Nagy
  • Property Manager
  • Passaic, NJ
82
Votes |
369
Posts

My tenant wants to negotiate

Ingrid Nagy
  • Property Manager
  • Passaic, NJ
Posted

In 20+ years this is my first request for a rent reduction and an educated one at that. Thoughts??

Good Afternoon Ingred,

I pray that all is well. In light of the recent and severe budget cuts to the Education Field in addition to the gradual decimation of school and public libraries, I am requesting a rent reduction of 5% as of July 1, 2010. As you can imagine, the economic and political climate has caused many in my occupation as school/librarians to grow frantic. Such events have also cause me to reevaluate my budgeting. therefore, a $760.00 rent would help me tremendously. Thank you in advance for your consideration.

Sincerely,

P.S.

Please read take the time to read these two items, which are as follows: a website and an email I received recently from my Librarian's Organization (NewJersey Association of School Librarians).


http://savemynjlibrary.org/
NJASL Plan of Action – What Can You Do About School Budget Decisions to Eliminate School Librarians?
Facts:

· NJ School and Public Libraries are under attack.

· The Governor’s proposed budget cuts school funding by $820 million. As a result school library staffing positions are being cut and some library programs are being terminated.

· As of April 30, NJASL has received reports of over 71 school library media specialist jobs that have been cut from 37 locations. This figure is low because some reports have stated “all positions are cut†without including a count.

· In addition, the Governor’s proposed budget cuts NJ State Library funding by 74% ($10.4 million). This cut eliminates online databases (EBSCO), interlibrary loan services through JerseyCat, and delivery of materials.

· There is an existing Education Regulation Code relating to school libraries, but it is not a mandate.

Code Relating to School Libraries

CHAPTER 13: PROGRAMS AND PRACTICES TO SUPPORT STUDENT ACHIEVEMENT

http://www.state.nj.us/education/code/current/title6a/chap13.pdf. Section pertaining to school library media services is as follows:
:cool:

Most Popular Reply

User Stats

13,452
Posts
8,350
Votes
Steve Babiak
  • Real Estate Investor
  • Audubon, PA
8,350
Votes |
13,452
Posts
Steve Babiak
  • Real Estate Investor
  • Audubon, PA
Replied

Just my $0.02 here.

Did you ask if she could show her "hardship" more directly, like pay stubs from a year ago vs. now? I assume you have an application form, and you probably on there allow tenants to qualify for the rental so long as the rent is less than a certain percentage of their income, correct? Is her rent still below that percentage?

I agree with your making a comparison based on similar units and the asking rent for those.

You need to have some protocol that you follow in deciding the reductions (if any), so that when other tenants get wind of it, that you can use the exact same criteria on them. And get that protocol written down.

Loading replies...