I am looking at a rental on saturday that is $1100/month, and that is about $200 more than I want to actually spend (well to be honest, it is $1100 more than I want to spend, but that is not the point...)
Is it rude to try to ask for a lower price, ie: negotiate? Or is that a standard practice and ok to do? (I'm in Northern Cali)
How low do people usually go?
2007-02-16 03:13:01 · 7 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
When you go through a drive up window do you try and negotiate the price ? Rent prices are set and if you cant pay them someone else will. When a rental sits vacant for too long the owner might lower the price but will usually not because of your request. If rents were negotiable it would create too many compliance issues. A person of color might say your rent is lower and claim discrimination. You could be handicapped and insist your rent should be lower than some other persons, etc. The only fair way for landlords to remain in compliance is to set a market rent and hold firm on it. They can however offer some incentives such as 2 months free rent or some other amenities tossed in like free cable tv.
2007-02-16 03:27:19 · answer #1 · answered by Myron 4 · 1⤊ 0⤋
You can absolutely negotiate the rent. Rents are set based on a number of factors, including the landlord's carrying costs, taxes, maintenance expenses, and the market. If you are a solid tenant with a good track record, you have a negotiating position because it is desirable to keep you versus taking a chance on an unknown (new) person. That said, a $200 reduction of an $1100 rent amounts to an 18% discount - and that's pretty hefty. $50 - $100 is probably more realistic.
I lease homes for a living and people with solid credit, references, and adequate income are often in short supply. Rents aren't carved in stone. Market activity also plays a role, since landlords are less likely to negotiate if they know they have a "hot" property. Nonetheless, it never hurts to ask, as long as you understand the answer might be "no" and you will be at a disadvantage if another qualified person is willing to pay full price.
2007-02-16 04:47:35 · answer #2 · answered by njc_flhtc 4 · 2⤊ 0⤋
The people that say 'No' have never done it. I was in a complex and they raised my rent from 1000 to 1250, so I decided to go somewhere else. When I went in to sign the paper work to leave and told them the reason they lowered it to 1150. When I told them I was still not interested they told me to call the manager and he could probably lower it some more. But I already had a new place (at $900) and they annoyed me by trying to over charge me so I told them to stick it. The rent price is just what they want. After you see the place, tell them you like it, but it is not worth what they are asking and see if they lower it. It all depends on if they have someone else lined up and how much they need the money. I would rather collect $950/month for 12 months instead of letting it sit for 1.5 months and then getting $1100
2007-02-16 03:35:45 · answer #3 · answered by NYC_Since_the_90s 6 · 1⤊ 1⤋
It sure doesn't hurt to ask. Tell them all you can afford at this time
is $900. If you don't ask you will never know. A couple of years ago
I saw a car that I wanted, they were asking $4300. I told them that
all I could afford was $2500, I got the car. Good luck!
2007-02-16 03:27:19 · answer #4 · answered by RIKKI LEE 1 · 0⤊ 0⤋
I've never heard of anyone negotiating for rent. Sorry.
2007-02-16 03:16:40 · answer #5 · answered by Meg M 5 · 1⤊ 0⤋
quite. no longer having a dishwasher means one a lot less set of plumbing which think ofyou've got to fix in the destiny. to boot, people have a tendency to enable dirty dishes stack up till they have sufficient to fill the dishwasher. it is disgusting.
2016-12-04 06:17:48 · answer #6 · answered by Anonymous · 0⤊ 0⤋
everything is negotiable. I have negotiated several rents in my life. You can do it.
2007-02-16 11:13:03 · answer #7 · answered by frankie b 5 · 1⤊ 0⤋