BiggerPockets Real Estate Podcast 7 Ways to Lower Rental Property Expenses by Thousands Per Year
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Mar 4, 2026 Quick tactics to slash rental property expenses, from asking sellers for credits to using closing cost and down payment programs. Smart insurance shopping and landlord-specific coverage tricks are covered. Creative sourcing for renovation materials and getting multiple contractor bids to save big. A simple phone call strategy to contest property tax assessments is also explained.
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Use Down Payment And Closing Cost Programs
- Ask lenders and look for state, local, and employer down-payment or closing-cost assistance programs to save thousands at purchase.
- BiggerPockets Pro members can get lender credits (e.g., $1,000 from LendingOne, $1,250 from Kiavi) to cut closing costs per deal.
Ask For Seller Credits Not Just Price Cuts
- Always request seller credits during negotiation for cash, repairs, or rate buydowns instead of only asking for a price drop.
- Seller credits let you finance more of the transaction (e.g., keep price $400k and get $10k credit to use for reserves/repairs).
Shop Landlord Insurance And Check Replacement Values
- Shop insurance aggressively and use brokerages to compare landlord-specific coverage, replacement value, business interruption, and umbrella policies.
- BiggerPockets Pro members can get about 5% off landlord insurance through Steadily, which may save hundreds per year.