 Rent Negotiable (by Doogie [KS]) Dec 12, 2017 5:39 AM
 Rent Negotiable (by Richard [MI]) Dec 12, 2017 5:51 AM
Rent Negotiable (by Doogie [KS]) Dec 12, 2017 5:54 AM
Rent Negotiable (by S i d [MO]) Dec 12, 2017 7:30 AM
Rent Negotiable (by cjl [NY]) Dec 12, 2017 7:34 AM
Rent Negotiable (by Vee [OH]) Dec 12, 2017 7:41 AM
Rent Negotiable (by Oregon Woodsmoke [ID]) Dec 12, 2017 7:52 AM
Rent Negotiable (by Roy [AL]) Dec 12, 2017 9:25 AM
Rent Negotiable (by Sisco [MO]) Dec 12, 2017 10:02 AM
Rent Negotiable (by Cacique [NJ]) Dec 12, 2017 1:01 PM
Rent Negotiable (by Robert,Ontario,Can [ON]) Dec 12, 2017 9:19 PM
Rent Negotiable (by TenantWhisperer [MA]) Dec 15, 2017 11:57 AM
Rent Negotiable (by Jim in O C [CA]) Dec 15, 2017 3:18 PM
Rent Negotiable (by Ray-N-Pa [PA]) Dec 15, 2017 5:05 PM
Rent Negotiable (by Homer [TX]) Dec 15, 2017 5:42 PM
Rent Negotiable (by Doogie [KS]) Posted on: Dec 12, 2017 5:39 AM
Message:
The biggest response I get from advertising is on the FB marketplace. It gets in front of a lot of people, so I continue to do it. Here lately, I've had a couple people ask me if the rent was negotiable in the comment section. I really want to respond and say "Yes, it sure is! How much more would you like to pay?" I refrain because I don't want to look like a total smart donkey (although my friends know I am ;) ). Others are asking for move in specials. One guy hung up on me the other day because I told him we weren't currently doing any.
Are we really at that place now? I know things like car prices used to be negotiable, but even that's going away. I don't believe I've ever heard of rent being that way, so not sure why it is now. So far, I've just ignored it. Really not sure what to say on those now that it's coming up more. --98.175.xxx.xxx |
Rent Negotiable (by Richard [MI]) Posted on: Dec 12, 2017 5:51 AM
Message:
There are tenant sites online that tell tenants to always negotiate the rent. I'm surprised that it isn't done all the time.
Why not just set the rent higher and let them beat you down a little? a
Or,set the rent 10 percent higher and tell them that you will refund a months rent after 12 ontime payments if they make no trouble. --23.121.xx.xxx |
Rent Negotiable (by Doogie [KS]) Posted on: Dec 12, 2017 5:54 AM
Message:
Richard - Thank you! I had no idea where it was coming from. This makes sense now. I may end up taking that approach if I continue to get these questions. --98.175.xxx.xxx |
Rent Negotiable (by S i d [MO]) Posted on: Dec 12, 2017 7:30 AM
Message:
I'm always running a special...move in for deposit plus 2 week's rent.
People want to fell like they are getting a deal. Wise marketers know how to "give" someone a "deal" while increasing their bottom line.
Imagine this...
Prospect: "Are you offering any rent specials?"
Me: "You're in luck! This month we have a special where you can move in for just the deposit and 2 weeks rent, saving you $X off the normal move in rate! We don't expect the unit to last long at this special rate, so how soon do you want to move in?"
See how that works? Deflect their insistence on paying LESS by offering them a way to pay you MORE (bi-weekly half payments net you 1 extra month's rent per year) but at the same time offer them a DEAL that they get to move in for LESS out of pocket, then immediately follow up with the "closer" question that moves them away from negotiating a lower overall rate and get them to thinking about how quickly to take advantage of this AWESOME DEAL! --173.19.xx.xxx |
Rent Negotiable (by cjl [NY]) Posted on: Dec 12, 2017 7:34 AM
Message:
Same thing occurring here too Doogie ... and I almost DID respond with that on the phone (sure the rent is negotiable, we'll gladly charge more). I didn't though for the same reason as you stated (no smart donkey here).
With that being said - I do like the suggestion and have done it in the sense of raising the rent to a higher amount and then after talking with them sometimes I will lower it to the amount I really wanted in the first place. --209.217.xxx.xx |
Rent Negotiable (by Vee [OH]) Posted on: Dec 12, 2017 7:41 AM
Message:
I try to hear from them how much they pay now before altering anything, I am not interested in pushing a sinking ship out to see - the results are life preserver overload, rope to shore not strong enough, food shortages, I have to repair the boat without any help... --76.188.xxx.xx |
Rent Negotiable (by Oregon Woodsmoke [ID]) Posted on: Dec 12, 2017 7:52 AM
Message:
I answer, "Maybe. I might consider taking $25 a month off the rent for a tenant with a high credit score, more than 3 times the rent in income, and excellent landlord references"
That's always the end of it. --174.216.xx.xxx |
Rent Negotiable (by Roy [AL]) Posted on: Dec 12, 2017 9:25 AM
Message:
I would never reduce the rent just because someone asks for it. However, if the applicant had an outstanding credit score, a history on-time rental payments, raving reviews from previous LL's,...I may give a rent discount in these rare situations. With Class C applicants, these are few and far between though. My advertised rents are already above market, so a reduction down to market would not be a big deal from me.
--68.63.xxx.xxx |
Rent Negotiable (by Sisco [MO]) Posted on: Dec 12, 2017 10:02 AM
Message:
I would consider discounts if I got 3 year pre paid lease payments from a rock solid, easily garnishable applicant.
I think in your case it may be time to offer some spiffs and specials. --72.172.xxx.xx |
Rent Negotiable (by Cacique [NJ]) Posted on: Dec 12, 2017 1:01 PM
Message:
hummmmmm I don't know if it is me, Puerto Rico is curture or my class c properties, but almost all the time I get ask if I could reduce the asking rent. from my PR and NJ properties. --173.72.xx.xxx |
Rent Negotiable (by Robert,Ontario,Can [ON]) Posted on: Dec 12, 2017 9:19 PM
Message:
A lot depends on the vacancy rate along with the market rent where you are. How does condition of the rental unit compare with other rental units. In province of Ontario rental housing providers never reduce rent on vacant rental units where once you accept lower rent then the rent control system forces to stay at a lower rent forever. In future there has to funds available for major repairs along with replacing components of the building that wear out over time. Maybe you can meet them in middle if possible if the rent reduction is not large. --74.220.xxx.xx |
Rent Negotiable (by TenantWhisperer [MA]) Posted on: Dec 15, 2017 11:57 AM
Message:
No lie. Whenever an applicant asks "Are you flexible on the rent?", I always reply "Absolutely, I'll take more!". After their head stops spinning around they usually just leave. --73.16.xxx.x |
Rent Negotiable (by Jim in O C [CA]) Posted on: Dec 15, 2017 3:18 PM
Message:
When i’m asked that question I usually reply that I’ve looked at comparable properties and I’m happy with my price and don’t want to charge more. End of conversation. --75.22.xx.xx |
Rent Negotiable (by Ray-N-Pa [PA]) Posted on: Dec 15, 2017 5:05 PM
Message:
"Is rent negotiable?"
Answer- Why yes it is. I want $829 a month but you are welcome to pay me EVEN more. How much more were you planning? --24.101.xxx.xxx |
Rent Negotiable (by Homer [TX]) Posted on: Dec 15, 2017 5:42 PM
Message:
Absolutely, we will consider best offers above asking, WAC. How much is your offer? --75.141.xxx.xxx |
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