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Why it's time to ask for a rent reduction
Topic Started: 8 Nov 2016, 12:25 PM (7,382 Views)
Foxy
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Zero is coming...

Matthew
11 Nov 2016, 04:48 PM
I don't pay rent. How would I achieve a reduction?
Does anyone pay you rent???
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Foxy
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Zero is coming...

Anyway Matthew you live in a very special place.

A friend just renegotiated their rent down 20%.

And she really likes her place, cheap and well positioned.

So Perth is doing what Foxbat said it would, so really your rents are not dropping??

You could come clean Mathew.

But maybe not.

Peter

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herbie
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20% - That's impressive - How many blowjobs a week has she contracted ta give Foxbat for that Musty? ... :)

Poor ole bastard - I reckon any more than 5 a day 'n he'll only just be able ta totter around - LOL

No wunder tha f***er advised ya ta sell all those properties of yours - LOL LOL LOL
Edited by herbie, 13 Nov 2016, 03:44 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Matthew
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foxbat
13 Nov 2016, 02:00 PM
Does anyone pay you rent???
Yes, but that was not your question.
foxbat
13 Nov 2016, 03:12 PM
A friend just renegotiated their rent down 20%.


Bullshit.
Edited by Matthew, 14 Nov 2016, 12:24 PM.
My only hope for my three boys is that they turn out nothing at all like Chris.
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Foxy
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Zero is coming...

Matthew
14 Nov 2016, 12:23 PM
Yes, but that was not your question.

Bullshit.
Excuse me???

I am telling you straight, rent reduction of 20%
Effective immediately
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Matthew
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foxbat
14 Nov 2016, 02:31 PM
Excuse me???

I am telling you straight, rent reduction of 20%
Effective immediately
Then her landlord is either allergic to money or an idiot.
My only hope for my three boys is that they turn out nothing at all like Chris.
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Foxy
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Zero is coming...

Matthew
14 Nov 2016, 04:14 PM
Then her landlord is either allergic to money or an idiot.
7 empty units in the block, maybe realistic??

Could that be a possibility?

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Foxy
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Zero is coming...

http://www.realestate.com.au/rent/in-mount+lawley%2c+wa+6050/list-1?activeSort=price-asc
http://www.realestate.com.au/rent/in-east+perth%2c+wa+6004%3b+/list-1?activeSort=price-asc&source=location-search
http://www.realestate.com.au/rent/in-morley%2c+wa+6062/list-1?activeSort=list-date
http://www.realestate.com.au/rent/in-bedford%2c+wa+6052/list-1?activeSort=price-asc
http://www.realestate.com.au/rent/in-joondanna%2c+wa+6060%3b+/list-1?activeSort=price-asc&source=location-search
http://www.realestate.com.au/rent/in-maylands%2c+wa+6051%3b+/list-1?activeSort=price-asc&source=location-search
http://www.realestate.com.au/rent/in-scarborough%2c+wa+6019%3b+/list-1?activeSort=price-asc&source=location-search
http://www.realestate.com.au/rent/in-armadale%2c+wa+6112%3b+/list-1?activeSort=price-asc&source=location-search

Cheap and I argue almost free...
lets get real...


http://www.realestate.com.au/rent/in-fremantle%2c+wa+6160%3b+/list-1?source=location-search
So for some people renting a property is a zero point or should I say Free point.

The cost of owning a rental property that generates $200 per week is greater than the rent.

At that point the renter is in front.

So I say don't buy until it is cheaper to buy than rent.

And then maybe build.

Don't buy established unless it is cheaper.

Edited by Foxy, 15 Nov 2016, 11:47 AM.
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Matthew
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foxbat
14 Nov 2016, 08:34 PM
7 empty units in the block, maybe realistic??<br /><br />Could that be a possibility?<br />
I would have extreme doubts.

Lets do the most basic math for the sniff test. I have a unit I am renting to a tenant for $360 per week and she decides that she will only pay me $300 per week.

I either prove I am allergic to money and burn $3,120 in future income or I tell her to piss off and advertise it for $360, accepting worst case $345 4 weeks later which are the current .

My loss is $15 per week for 48 weeks ($720) plus 4 weeks forgone rent ($1,440 at the former rate). The landlord not blinking would be $1,000 better off to piss your mate off.

The rental market has bottomed Drunkbat. People aren't dropping their pants. Simple.

How are KDR going? Up to $8 yet?
My only hope for my three boys is that they turn out nothing at all like Chris.
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deluded
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Matthew
15 Nov 2016, 02:50 PM
I would have extreme doubts.

Lets do the most basic math for the sniff test. I have a unit I am renting to a tenant for $360 per week and she decides that she will only pay me $300 per week.

I either prove I am allergic to money and burn $3,120 in future income or I tell her to piss off and advertise it for $360, accepting worst case $345 4 weeks later which are the current .

My loss is $15 per week for 48 weeks ($720) plus 4 weeks forgone rent ($1,440 at the former rate). The landlord not blinking would be $1,000 better off to piss your mate off.

The rental market has bottomed Drunkbat. People aren't dropping their pants. Simple.

How are KDR going? Up to $8 yet?
Matthew,

I'll make that bet with you. I'll pay you the $1000 if you pull your scenario off.

If you document the whole process transparently I will make the bet.

If you lose, you pay me the $3120.

You sound incredibly confident so I think 3:1 odds is fair.
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