@resjudicata No. They wouldn’t have. They would have had the same fence. Concrete work. AC. And stove. They would have had to pay all these things on top of their mortgage.
Nothing covered by insurance. All out of pocket. Yes I have an emergency fund just for this property.
And no. Rent will not be reduced. As houses get older they require more maintenance. Not less. One day it’ll need a new roof. A new AC. A new furnace. A new water heater. New fridge. New stove. New dish washer.
That doesn’t stop. That’s why rents remain the same. Or go up. (Higher insurance. Higher property taxes).
Her rent will remain the same for one more year. Due to covid. In another year it’ll go up to $900 and remain that for three years.
Nothing covered by insurance. All out of pocket. Yes I have an emergency fund just for this property.
And no. Rent will not be reduced. As houses get older they require more maintenance. Not less. One day it’ll need a new roof. A new AC. A new furnace. A new water heater. New fridge. New stove. New dish washer.
That doesn’t stop. That’s why rents remain the same. Or go up. (Higher insurance. Higher property taxes).
Her rent will remain the same for one more year. Due to covid. In another year it’ll go up to $900 and remain that for three years.