Home RSS
Real Estate
Cars

Why you should ask for lower rent

Amy Hoak Market Watch
Why you should ask for lower rent - Chicago - Tenant Guide - Real Estate Tips


CHICAGO - It isn't easy to build up the nerve to ask your landlord for a reduction in rent. But these days having the gumption to renegotiate a lease is paying off as landlords struggle to find and keep tenants with good credit and a history of paying on time.



Ask Mike Haskins, a Raleigh, N.C., resident who recently was able to lower his rent. The vacancy rate had risen in his neighborhood after two other apartment complexes had been built. He knew that the complex in which he was renting wasn't at capacity, and rent for a similar unit on the first floor was set at $650; his rent was $750.

"I felt like I had some power," said the 24-year-old.

It took some pushing - and a threat to take his business elsewhere - but before long, Haskins made a deal. When he renewed his lease, his rent was $100 lower.

"It felt like it was the same experience you go through when getting a car. If you agree to the first thing they offer you, it's probably not the best you're going to get," he said.



Read more...


Add your comment
  Anonymous comment
Nickname:
Password:
  Remember me on this computer

Title:
Send me by email any answer to my comment
Send me by email every new comment to this article





 
_________________________________________________________________________
 
Disclaimer: The information presented and opinions expressed herein are those of the authors and do not necessarily represent the views of Estates Report and/or its partners.