When prices are low, more people can afford to purchase and fewer people rent leading to static or declining rents.The city requirement for rising prices and rents can be summarized as follows:Significant and sustained population growth.

Airbnb declines all pet related damage as the pet was "authorized".

ALL of the properties at once died.At first I thought "hmmm, could just be the eb and flow of the business" but 3 months of decline and I was convinced - airbnb changed something BIG in the algo in Summer of 2025.

The family member has held the buildings for decades and managed on his own, but he is 80 years old with health declining and cannot properly manage them anymore.

If you consider this make sure you know the laws it may entail especially regarding eviction, rent increases or declining renewal. 

Does anyone have any experience with this or advice on moving forward or declining?

Quote from @Paul Azad: Don't know anything about them but per my calculations they are taking 27.2% of the capital appreciation on the New Braunfels deal at the end per their projections which seem optimistic in this oversupplied environment, (Austin MSA with largest new multi-family projects coming out this year in the country ,8% of total existing stock and already seeing rent rate declines of near 10%in the city so far) and they are taking a big chunk of the monthly cash on cash as the preferred payouts for their 3 different classes are well below the projected cash on cash total.

Obviously - you have to make sure the other homes are actual comps and dont drop for no reason, but if rentals dropped, you've got to meet the market.Maybe I wasn't clear in my response but I generally agree with a rent cut to preserve occupancy in a market with declining rents. 

.- Also, most of their policies have this little-known clause that states if the property is vacant for more than 30-days, they can decline any claims!

Many declines have nothing to do with the borrower, just underwriting boundaries or regional risk models.