I would like someone to explain to me why an owner would lower the rent when they know offers are going to be determined from an APOD? They are also going through a short sale and the owners have to accept the offer before the bank reviews the offer. I don’t understand why the owners lower the rent up to $100 and then receive obviously low offers they wont accept. It would be one thing to lower the rent to help out your tenants but it seems odd to lower the rent if you having trouble with the cash flow from the rentals? What are the owners trying to accomplish by lowering the rent like this?
Thank you
MJ :banghead