I've got a property that I purchased, partly due to the rental appraisal I received. The appraisal (as well as the rent at the time) was $380 a week.
Unfortunately the tenant broke the lease and I had to find a new one. It took me over two months and I had to drop the rent to $320 per week to find anyone.
I know that this means I didn't do my due diligence properly and I'm annoyed about that. But I was wondering whether I had any recourse in regards to the rental appraisal? After all, I did have to drop it significantly.
Unfortunately the tenant broke the lease and I had to find a new one. It took me over two months and I had to drop the rent to $320 per week to find anyone.
I know that this means I didn't do my due diligence properly and I'm annoyed about that. But I was wondering whether I had any recourse in regards to the rental appraisal? After all, I did have to drop it significantly.