Thread: Have you seen a lot of success when it comes to negotiation on rent?

On this matter everything depends on your good communication skills and your ability to negotiate. You can persuade the lenter to low the price.

Originally Posted by Kate_Tav

My family is going through a short sale currently due to dad being fired and our house payment is crazy, not including the added second mortgage so now we need to find a house we can rent for awhile. Now here is how I see it....If I put myself into the position of the owner renting it out, I would lower the rent if the future tenants agreed to a really long lease (few years or even longer if possible), doing lawn work themselves, and if the initial move in fee was increased. Of course I understand that rent is not something you can significantly lower, but do you think that this method and understanding things, working out a plan could successfully work out? Have you had any experience in successfully lowering rent? And if there are any other advice on other negotiations that would help it would be great.
Thanks in advance, Kate

In the Indiana market it seems as though owners looking to rent are really in control. They can charge what they want and someone is desperate enough to pay it.

A businessman firstly needs to know to negotiate. This can make you win a lot. If you have confidance and you can influence people, than you're the winner!

As you would probably guess, anything is possible. One way to get the rent lowered (as long as you're not in a really hot market where things rent out within days of being posted) is to deal in terms of free month or free half month incentives.

Psychologically, the owner or property management companies sometimes feel like they're getting what they're asking, even though they're really knocking a hundred to hundred fifty off when you do the math (if it's a $1400/mo rent, and they give you first month free, you're saving over 100 bucks month).

I don't know if this helps, but the thing worth mentioning is that locking the place down for 2 or more years is a good call on your part, even if you can't get them to go lower on the rent. The reason is because this protects you from it being raised at a later date. Plus, have you ever tried to move into a home to move out 12 months later. It's a ridiculously short amount of time. I'd say 2 year lease minimum, and give them lots of references.

I hope things turn for the better.

I agree with the above poster.

Longer terms and lower rates are just a natural way business is done.

Your idea is good that letting your property on rent with lower rates for a long term period but i guess you will have to face some problems in finding such tenant who are ready for a lease agreement for few years..

All the best..

Depending on the length of the lease I have seen some negotiations on rent. Also, if the home needs some work you could fix in up in exchange for reduced rent.