Is it worth is to lower rent to have less tenants when house hacking?
Hello!
We bought a duplex in Saint Paul, Minnesota and have it marketed at $1375. It's an up down duplex and my husband and I live in the bottom unit. So far we have two different groups interested. One is a group of three students that would likely need to get subleases as some of these girls get married or get different professions throughout the city. The other group is two sisters that are already established in their careers. We'd prefer to have less people obviously for noise reasons but the sisters asked if it's possible to ask for a reduction in rent to $1250 since utilities are higher than expected. We're curious what other house hackers or investors think about this. We do have a little baby so are very cognizant about noise. The other piece to this is that Saint Paul has a new ordinance about not being able to up the rent more than 3% in the area. Is missing $125 worth it to have less noise? We really got along with the sisters. Really open to hearing thoughts!