Potenial tenant lowballs
Click here for Top Ten Discussions. CLICK HERE for Q & A Homepage
Receive Free Rental Owner Updates Email:  
MrLandlord Q & A
     
     
Potenial tenant lowballs (by Sue [MI]) Apr 22, 2018 7:53 PM
       Potenial tenant lowballs (by Barb [MO]) Apr 22, 2018 8:02 PM
       Potenial tenant lowballs (by fred [CA]) Apr 22, 2018 8:02 PM
       Potenial tenant lowballs (by JB [OR]) Apr 22, 2018 8:21 PM
       Potenial tenant lowballs (by Mike SWMO [MO]) Apr 22, 2018 9:03 PM
       Potenial tenant lowballs (by Robert J [CA]) Apr 22, 2018 11:58 PM
       Potenial tenant lowballs (by plenty [MO]) Apr 23, 2018 2:27 AM
       Potenial tenant lowballs (by Sparky [PA]) Apr 23, 2018 4:27 AM
       Potenial tenant lowballs (by rentON [PA]) Apr 23, 2018 4:36 AM
       Potenial tenant lowballs (by NE [PA]) Apr 23, 2018 4:38 AM
       Potenial tenant lowballs (by myob [GA]) Apr 23, 2018 4:43 AM
       Potenial tenant lowballs (by cjl [NY]) Apr 23, 2018 5:21 AM
       Potenial tenant lowballs (by Nicole [PA]) Apr 23, 2018 5:36 AM
       Potenial tenant lowballs (by Shaun [FL]) Apr 23, 2018 5:54 AM
       Potenial tenant lowballs (by Busy [WI]) Apr 23, 2018 6:22 AM
       Potenial tenant lowballs (by RB [MI]) Apr 23, 2018 6:23 AM
       Potenial tenant lowballs (by Andrew,Canada [ON]) Apr 23, 2018 6:43 AM
       Potenial tenant lowballs (by Barb [MO]) Apr 23, 2018 7:19 AM
       Potenial tenant lowballs (by AllyM [NJ]) Apr 23, 2018 7:38 AM
       Potenial tenant lowballs (by S i d [MO]) Apr 23, 2018 8:21 AM
       Potenial tenant lowballs (by Jim in O C [CA]) Apr 23, 2018 8:29 AM
       Potenial tenant lowballs (by Jim in O C [CA]) Apr 23, 2018 8:29 AM
       Potenial tenant lowballs (by Vee [OH]) Apr 23, 2018 8:37 AM
       Potenial tenant lowballs (by Doogie [KS]) Apr 23, 2018 10:30 AM
       Potenial tenant lowballs (by Wilma [PA]) Apr 23, 2018 12:59 PM
       Potenial tenant lowballs (by C&J [CO]) Apr 23, 2018 1:18 PM
       Potenial tenant lowballs (by WMH [NC]) Apr 23, 2018 1:28 PM
       Potenial tenant lowballs (by LiveTheDream [AZ]) Apr 23, 2018 4:14 PM
       Potenial tenant lowballs (by RichE [IL]) Apr 24, 2018 6:55 AM
       Potenial tenant lowballs (by Sandy [CO]) Apr 24, 2018 4:50 PM

Click here to reply to this discussion.
Click Here to send this discussion to a friend

Potenial tenant lowballs (by Sue [MI]) Posted on: Apr 22, 2018 7:53 PM
Message:

I have a $1900 a month rental and did a showing to wualified tenants. They said they only want to pay $1200. We decline. Now they say $1300. We say no thank you. Now they say $1400 and insist we respond. We got $1500 in 1999. Am I required to even respond? This offer is in a text message. --71.227.xxx.xxx




Potenial tenant lowballs (by Barb [MO]) Posted on: Apr 22, 2018 8:02 PM
Message:

You are not required to respond. It sounds like they think they can wear you down.

Just block them so you are no longer bothered by them. --64.251.xxx.xxx




Potenial tenant lowballs (by fred [CA]) Posted on: Apr 22, 2018 8:02 PM
Message:

They are playing games.

Did they see the place?

I would say: "The rent is $1900" and ignore their games. You are not required to respond to such petty games. --99.59.x.xxx




Potenial tenant lowballs (by JB [OR]) Posted on: Apr 22, 2018 8:21 PM
Message:

Go ahead and accept their offer... if you want them to tell you stories like, "We'll get you half the rent on the fourth and the rest as soon as we can." --50.45.xxx.xxx




Potenial tenant lowballs (by Mike SWMO [MO]) Posted on: Apr 22, 2018 9:03 PM
Message:

If you have a little time and want to have some fun text them the rent is $1900 and each time there is a question it goes up $100.

I have done things simular and you should see the look on their faces.

But you can't see a face on a text. --71.29.x.xx




Potenial tenant lowballs (by Robert J [CA]) Posted on: Apr 22, 2018 11:58 PM
Message:

One time when I was re-renting one of my larger rental homes, I have many. I asked $50 more than the last tenants. I hadn't raised the previous tenants rent in two years so I thought I was in line.

But at that time so many owners were trying to sell their homes and had no luck in a declining market. These homes had been fixed up -- you know new kitchens with granite counters, wood flooring and plush green yards.

While I re-tiled my kitchen counter, installed laminate in the main rooms and carpet in the bedrooms -- my house was not a nice as the homes that didn't sell and now were competing rentals.

So my prior tenants were paying $2,400 a month and I was asking $2,450. The fix up to sell homes, now rentals were asking between $2,300 and $2,500. So I had to make a comparison of what I was offering and what my competition as offering. My home was 2000 square feet with 4 bedroom and 3 bathroom, central air, new paint, appliances etc. All of the other homes were smaller (between 1300 and 1570 Sq feet). So if a family needed space or a tenant had a home business, they needed my larger home.

SO instead of going too cheep, I lowered my price on the add and when people came into my home for a showing, (IF they didn't have dogs, 100 kids, drive a motorcycle or Sherman Tank, I would offer them a $100 a month discount with a 2 year lease. My base price went from $2,450 down to $2,350 with a $100 discount with a 2 year lease.

Within two days i caught a fish who rented my house for 2 years and 7 months -- the couple purchased their own home..... --47.156.xx.xx




Potenial tenant lowballs (by plenty [MO]) Posted on: Apr 23, 2018 2:27 AM
Message:

They want to rent on terms, their terms. They are looking for an opportunity, an opportunity to have power over the terms and LL. Their terms, your house. Not such a good idea. Just stick with your terms and price. "The house is still available the monthly rent is $1900." but at this point i would just be done with the game. You are actually just negotiating with yourself! What would be next? Be gone with them! --99.203.x.x




Potenial tenant lowballs (by Sparky [PA]) Posted on: Apr 23, 2018 4:27 AM
Message:

They are going up $100 each time. You should do the same. I would respond that the price is now $2,000 /month. --100.6.xx.xxx




Potenial tenant lowballs (by rentON [PA]) Posted on: Apr 23, 2018 4:36 AM
Message:

Your response needs to be: Yes, the rent is negotiable and you're welcome to pay $2,200 per month. You can charge whatever you want as long as you're consistent and don't discriminate. --67.165.xx.xx




Potenial tenant lowballs (by NE [PA]) Posted on: Apr 23, 2018 4:38 AM
Message:

No you don't need to respond. What will they start asking for after they move in?

I may start telling tenants and prospects that this isn't Burger King and they can't have it their way. --50.107.xxx.xxx




Potenial tenant lowballs (by myob [GA]) Posted on: Apr 23, 2018 4:43 AM
Message:

I don't know what has happened lately but we have just recently experienced the same thing. Maybe there was a google post or recent news article about asking the LL to take less. (not in todays economy). The last guy who did this-- when he called the second time he starts saying how the property is just sitting-- I said no it's waiting for the new carpet-- well would you take 1100 I said no it's 1350.00. He then said the ad only has 1300.00. I said yes it was 1300 but since you've shown so much interest I upped the price. He stopped calling. --99.103.xxx.xxx




Potenial tenant lowballs (by cjl [NY]) Posted on: Apr 23, 2018 5:21 AM
Message:

Interesting ... Maybe there was an article somewhere because I've had a few of these recently too. --69.201.xx.xxx




Potenial tenant lowballs (by Nicole [PA]) Posted on: Apr 23, 2018 5:36 AM
Message:

I'm direct. I would have responded the first time that "the rent is $1900 ... best wishes on your search for another place" --72.70.xxx.xx




Potenial tenant lowballs (by Shaun [FL]) Posted on: Apr 23, 2018 5:54 AM
Message:

The first time a prospect tried to negotiate, I was a little insulted. And just responded with a surprised "no". Later I remembered a TV show on HGTV where the Realtor would negotiate the rent and making all these changes to the property.

The second time it happened, I did as others suggested, had some fun. "Oh, you would like to negotiate? What's your offer?" Whatever their amount was to discount, I doubled the amount and added that amount to the original rent price. Once had a lady get so upset, I thought she was going to hyper-ventilate. She raised her voice "You can't do that". I thought we were negotiating. --205.223.xxx.xx




Potenial tenant lowballs (by Busy [WI]) Posted on: Apr 23, 2018 6:22 AM
Message:

Tons of articles and TV shows on it. (Asking for reductions.) --172.56.xx.xxx




Potenial tenant lowballs (by RB [MI]) Posted on: Apr 23, 2018 6:23 AM
Message:

Monty Hall might have a New Book Out. --47.35.xx.xx




Potenial tenant lowballs (by Andrew,Canada [ON]) Posted on: Apr 23, 2018 6:43 AM
Message:

"Am I required to even respond? "

No you dont have to respond.

If the tenant is already greedy, bossy and agressive at this point, it will only get worse. I wouldnt want them if they agreed to pay your full rent.

But make sure your rent is competitive.......just because the rent was 1500 years ago doesnt mean 1900 is market today. --70.48.xxx.xxx




Potenial tenant lowballs (by Barb [MO]) Posted on: Apr 23, 2018 7:19 AM
Message:

All sorts of columns encourage people to negotiate these days. There was an article through (Zillow, Facebook, HGTV, who knows) that encouraged negotiation, plus painting. One even said the LL would LOVE it if the resident painted! I could not believe it! One encouraged people to re-do the kitchen cabinets with paint. --131.151.xx.xx




Potenial tenant lowballs (by AllyM [NJ]) Posted on: Apr 23, 2018 7:38 AM
Message:

It sounds like they are from a country where haggling is the way they do business. I would not want that aggravation. It will not stop there. Everything will be a haggling contest. Run away. Even if they agree to the full amount, don't take them now. Don't answer the emails and block them now while you have a chance to get away. --69.141.xxx.xxx




Potenial tenant lowballs (by S i d [MO]) Posted on: Apr 23, 2018 8:21 AM
Message:

I find the word "No" is an effective and complete answer. Silence works too. My phone has a handy feature called "Block calls/texts from this number." Email does the same. Check to see if you have these options. --173.17.xx.xx




Potenial tenant lowballs (by Jim in O C [CA]) Posted on: Apr 23, 2018 8:29 AM
Message:

There are two cultures that wlll always haggle. As they try to reduce the price I increase it by $100.00 and hold firm at the new number.

You could give free rent and they would want free utilities.

Hint, one likes curry and the other rice. --75.22.xx.xxx




Potenial tenant lowballs (by Jim in O C [CA]) Posted on: Apr 23, 2018 8:29 AM
Message:

There are two cultures that wlll always haggle. As they try to reduce the price I increase it by $100.00 and hold firm at the new number.

You could give free rent and they would want free utilities.

Hint, one likes curry and the other rice. --75.22.xx.xxx




Potenial tenant lowballs (by Vee [OH]) Posted on: Apr 23, 2018 8:37 AM
Message:

Next batter... --76.188.xxx.xx




Potenial tenant lowballs (by Doogie [KS]) Posted on: Apr 23, 2018 10:30 AM
Message:

I had someone contact me on Facebook the other day. The first question was "Is the price firm?" Not "Hi", not "I'm interested", not anything else. Remembering the many threads on this board regarding this, I replied with "No, I would consider more." I heard crickets after that. Good riddance.

I do understand asking and it doesn't offend me. It is just so odd to me to lead with that. --98.175.xxx.xxx




Potenial tenant lowballs (by Wilma [PA]) Posted on: Apr 23, 2018 12:59 PM
Message:

I had a lady who tried that lowball offer thing with me during a showing, after she had screened well. She then started telling me all of the things that she saw wrong with the rental that we'd have to upgrade in order for her to pay the rental amount we wanted.

I said, "I guess then that we're not the right owners for you." and started flipping off lights. She was flabbergasted, but allowed me to usher her out. I wished her luck with her house hunt.

We rented it at our (carefully researched) price shortly thereafter. --71.175.xxx.xxx




Potenial tenant lowballs (by C&J [CO]) Posted on: Apr 23, 2018 1:18 PM
Message:

Doogie [KS] I had someone contact me in much the same way, via CL. "The reason you haven't rented your house is you're asking too much, would you lower the rent" The house was, and still is below market, she definitely had a unique way of negotiating ...love the block feature on CL --174.209.xx.xxx




Potenial tenant lowballs (by WMH [NC]) Posted on: Apr 23, 2018 1:28 PM
Message:

The comparison of rent to paycheck works.

The last time someone asked me to lower the rent, I asked them if they would take a reduction in salary just because some random person asked them to. They looked extremely surprised.

I also tell people, during showings, "If you don't pay the rent, on time and in full, that's the same thing as your boss saying to you next payday, "Oops sorry don't have the money. You'll have to wait for it."

The light bulb seems to go on then. --50.82.xxx.xx




Potenial tenant lowballs (by LiveTheDream [AZ]) Posted on: Apr 23, 2018 4:14 PM
Message:

It's not a used car. The property rents for $$$ and that isn't negotiable, thank you for coming. --47.216.xx.xxx




Potenial tenant lowballs (by RichE [IL]) Posted on: Apr 24, 2018 6:55 AM
Message:

Sure I'll take $1400 per month with a $6000.00 fee due at lease signing. --67.186.xxx.xxx




Potenial tenant lowballs (by Sandy [CO]) Posted on: Apr 24, 2018 4:50 PM
Message:

Wow, WMH, thatís a really great analogy! Thanks, I will be using that.

These tenants are off to a bad start, I would not waste any more time. And I would never rent to them BC they think theyíre in control, and not willing to compromise. And youíll probably have more problems.

Iím sure youíll find good tenants. One good thing about it is that you know thereís interest in the property, so your on the right track! --107.2.xxx.xx



Click Here to send this discussion to a friend
Report discussion to Webmaster


Reply:
Subject: RE: Potenial tenant lowballs
Your Name:
Your State:

Message:
Potenial tenant lowballs
Would you like to be notified via email when somebody replies to this thread?
If so, you must include your valid email address here. Do not add your address more than once per thread/subject. By entering your email address here, you agree to receive notification from Mrlandlord.com every time anyone replies to "this" thread. You will receive response notifications for up to one week following the original post. Your email address will not be visible to readers.
Email Address: