r/Landlord • u/Fun-Volume-627 • 5h ago
Landlord [Landlord - MA] Tenant asked for rent decrease (metrowest)
Property is 2b, 1.5bath, washer/dryer in unit, with 1 car garage. $3,000/mon
Tenant reached out after we sent them first lease renewal(no increase) and requested a rent decrease. All he said was rent has decreased in the area (Massachusetts-metrowest). He did not present comps, nor negotiate any specific amount so we are unsure of what to respond. A quick search on Zillow, Trulia and Rent.com shows that we are fair market, we could possibly do a $50-100 decrease a month.
Their history: They have paid on the 1st every time. For background, we cleaned carpets, repainted the whole place and fixed some leaks prior to them moving in. The wife was expecting and dealing with allergy issues and not being able to sleep in her last trimester so the tenant reached out after 1month of moving in complaining that there was animal urine still in the carpets to which we immediately understood and changed the whole carpeting (bedrooms, hallway and stairs). Downstairs is all laminate vinyl so that was untouched. No issues or complaints since.
But I am not sure what to do. Offer a small reduction ($25-50) or value their payment and non-issues to keep them longer ($100)?
Edited to add that we’ve been hit with $1700 from HOA on upcoming projects that they want to fund (roof, siding and deck). Plus I just paid $1700 today for a new skylight as HOA also requested since roof is being redone.