Experts warn investors will not give these home away - they will turn to rentals instead of major price reductions. --173.28.xx.xxx

I do it automatically when places don’t rent, regardless of the market we’re in. --174.240.xxx.xxx

Doesn't look like I am going to have a choice. Last house I had to lower a lot. --73.19.xxx.xx

--172.59.xxx.xxx

Personally, I'm holding the line on rents and rent increases and cutting costs wherever I can first. --23.28.xx.xx

Around here property taxes are consistently going up 40-50% year after year and repair costs are tracking. If rents go down, that will open up a buying frenzy for cash buyers while the leveraged sell out. I can't put a roof on a 1300 sqft rancher for less than $10k around here. --75.75.xxx.xxx

Most anyone who bought over the last 2-3 years will probably be overleveraged. Just gotta be patient and keep your powder dry. --23.28.xx.xx

Either way, if there is excess inventory in either rentals or sales, the net effect is prices are going to come down both in rents and in sales prices. This would not be a good time to have overpaid for rentals and operating on a very thing or negative cash flow. --209.205.xxx.xx

I still need to use a Brillo pad or Eraser on the rusty stains in the 4 year old flooring. (from crate) --216.126.xx.xxx

Lower rents will only occur during a down turn where the tariffs are going to cause a recession. Have to look at future where those tariffs will taken away as the house and senate will change. The G7 conference in Alberta Canada outside of Calgary only one person says tariffs are good where everyone else in the world says tariffs are a disaster. No country is going to sign a trade deal where the close down auto industry and other industries to be transferred to the Us. A country of 40 million compared to 340 million. Each time we try things change in a few days where the counter tariffs will exist along with the booze was taken off shelves from the Us where they are feeling it. A one sided tariff no country will ever agree to that. Countries have options to trade with each other tariff free along not buying or visiting those countries. Now products sold from Mexico, Canada, EU and other countries we buy where other products can rot at the grocery store. Now wine, whisky, beer domestic is going up. Companies are looking to purchase steel, aluminium made here as well. Like all the dead ends the end of the road where it goes off cliff. --216.110.xxx.xxx

As far as booze, alcohol consumption has been going steadily DOWN in the US since Covid - it was driven up by the external, extraordinary circumstances of the lockdown, but now is going back down to normal or even lower than "normal" because 1) everyone's getting older and the next generation isn't drinking 2) science on the dangers has been updated 3) legalization of pot. --173.28.xx.xxx

Just a suggestion if you are planning to lower rent asking price. Get the terms you want. If rent is say $1,500 and you are considering lowering it to $1,450, offer a $1,500 lease with no increase in 2026. Those who are struggling thru a dip in the local economy can sleep better at night and you get an extra $600 in year one --173.188.xx.xxx

I've always found that if you offer decent units at a fair price, stay on top of any maintenance & give tenants plenty of notice they normally accept rent adjustments aka rent increases without much push back. --71.174.xx.xx

But I see some rents that are approaching mine. --173.28.xx.xxx

That will increase rents yet again and possibly scare some people out of that growing community. --107.147.xx.xx

I make sure my houses are the best in their price band and I under price the others just slightly. That normally works well, but this year the tenants just aren't available. --76.178.xxx.xxx

For Almost 50 years, instead of having to lower rents, I add something to the rental, like A/C, new appliances,carpet upgrade to wood flooring-- to keep the price up. --47.155.xx.xxx

Granted, all market is local.. But with the tech layoffs and scarcity of high paying jobs, it is understandable and have to prepare for the reality of the market condition. --74.97.xx.xx

Tonight went out to buy some beer at the government LCBO where the bourbon, whisky, wine, beer was taken off the shelves where seen a bottle of Miller beer that was brewed in Canada where on the labels of everything had a maple leaf symbol which meant it was from Canada or the country of origin. Provinces had outlet that sells bourbon, wine, whisky and beer where true sales have declined due to less people drinking while this blockade really hit those states really hard. At the G7 in Alberta, Canada a short stay where did not the criticism of the punitive tariffs where went back like first in office. Other nations were invited outside the G7 where more free trade deals were made. The government is going to increase to the Nato standard of 2 per cent of GDP where now the F35 is gone where from France and other EU nations along with Korea planes, submarines, tanks will not come from the Us.. Outside of the EU Canada is most European nation where french is a official language. What happened is integration will no longer work where now free trade is going to be East to West and West to East. No longer are steel beams going to be important along many are boycotting Us companies and brands. I shop at Costco mainly as I can buy bread with zero sugar and other things where a lot of products come from Canada. Canadians are no longer travelling to Us for vacations and selling out houses they owned. In Florida ICE over heard Canadians specking in French where detained, arrested then deported where legally in the Us with legal passports. Once you go 160 kilometres into the Us they are not aware what goes on here. I have nothing against the American people where we get along very well where one man is not in touch will reality where put on a 50 per cent tariff than a counter tariff. No country is going to close down automotive plant, factories under any circumstances or become the 51 st. State where we universal medical care and lower cost prescriptions. You do not go bankrupt when you have major surgery or any other medical procedure. We do not other nationals who come here who speak in another language as long as they come legally. Still you have obey traffic laws and other laws like other countries. This nonsense will only be temporary where in a year things will change. In the future the relationship with Us will never be the same. --216.110.xxx.xxx

Nobody is deported without a determination of their immigration status --76.178.xxx.xxx

From the little I have paid attention to Canada , it seems the western provinces might be a tad unhappy, and nought to do with the US. But, just to make you happy, Robert, I stopped buying maple syrup from ALDI, which is imported from Canada, and have found a brand at PicknSave that is from Wisconsin. Doesn’t make much impact, we’ve been cutting out sweets, processed foods, alcohol for almost a year now, and growing lots of veg. My daughter’s family has been doing the same, my son has been making small changes. None of us were ever big drinkers anyway. Maple syrup, date sugar, and coconut palm sugar are mainly used in high-veg muffins and cookies or in chia seed jams or puddings in our healthier diets. Dairy also is also greatly reduced, though not entirely out. --172.59.xx.xxx

It is not difficult to get a extension where can apply. Most of French Canadians are fluent in English as well where now chose to travel to other countries. Canadians do not agree with the administration just like a lot Canadians do not agree with administration in Canada. What this has done where now going some serious changes here which are going to be positive for this country. No matter what you country you go to must comply with the laws where some from the Us were not allowed with a criminal record. Before with a valid passport could stay in Us as long as you did not take a job without any problems as long did not obey laws where that has changed. I remember when I went to Amsterdam where was going to Germany where had to go in the line of non Eu citizens where asked why you are doing this. At the Centraal railway station bought a ticket where showed passport then when train crossed border train changed locomotive from Dutch to German where announcements were no longer in English or Dutch just German. In Germany customs is called Zol Policzi as the train back from Switzerland they did not even ask me to open passport. A olive green uniform with bullet proof vest and a Glock Pistal. On the way back they asked what I thought about Germany where I replied honestly it one thing as tourist another when you are taking all forms of public transit inclining street cars you see the dark side of country where alcoholism is a problem where ask for Euro for a beer which costs a Euro where one spoke English without any German accent where he must had lived in Canada or the Us. --216.110.xxx.xxx

My rents are and always have been very attractive. Couple that with good landlord management . I’m not worried about losing any tenants. I am a known entity as compared to an unknown landlord. --99.23.xxx.x

Canada has always had stricter laws about immigration than the US - or at least, has adhered to them better than we have. We haven't added any new immigration laws, we are just finally starting to follow what was already in place out of pure necessity. --173.28.xx.xxx

Also a lot landlords are applying for above guideline rent increases where lower rental units become vacant then rent goes market on vacant rental units. 3 per cent on capital expenditures and 100 per on operating increases above a threshold. --216.110.xxx.xxx

I've been renting places for a very long time, and during the multi-decade journey I've only lowered rent once, and it was during the winter and was having a difficult time getting a new tenant. Most of my tenants stay a long time, average tenancy is 12.5 years and have had tenants stay for more than 30 years. Vacancy is an overlooked expense, which I try to minimize, both in numbers and duration. Leases never expire in the winter, the above example was not a winter lease expiration. I also track the HUD Fair Market Rent, on their website HUDuser.gov and my rents are almost always above the HUD median rents. I also look at Craigslist, Zillow, & Rentometer for their take on rents. Currently I raised one rent by $450 and another by $425, but both had not been raised over the last 3 years. I may keep rents the same but have no plans to lower rents. --173.67.xxx.xxx

Just for clarification, are we discussing lowering rents on open vacancies or current tenants already in units? --174.240.xxx.xxx

Even tho the market was (is?) hot and the place rents very quickly. --107.147.xx.xx

Zero, I agree. Just the way I read Dave’s post it sounded like he took it as reducing rents on existing tenants. --174.240.xxx.xxx

No we never have reduced rent on an existing tenant, even through 1981, 2008, 2020, etc. all years even in down markets. --173.67.xxx.xxx

That I agree with. I don’t reduce on existing tenants. I will reduce prices on vacancies that are not renting. The only real changes I’ve made for tenants who claim to be struggling with rent is the day and or frequency that they make their payments. --24.152.xxx.xx