Ever haggle rent prices?

[rectifryer]

I'm looking at houses to rent because I've sold all my current homes. The prices seem to be rising steeply and some are downright just out of line with the market. I've offered a landlord about 7% less than they were asking when they were about 15% over market since they are closer to my work. Anyone successfully haggle on rent for a house before?

[Baylorballs]

I've only been a landlord for 2 yrs now, but I've been studying the market for longer.

Depending on D.O.M you might be able to get a reduction in rent if it's been on market for maybe 30 or 60 days.

But if that's the case, the house might have lefit issues anyway. You get what you pay for. Good luck.

What city?

[Joseph1990]

If you pay a large lump sum in advanced I'm sure it would work out.

[GodlessWonder]

I've only been a landlord for 2 yrs now, but I've been studying the market for longer.

Depending on D.O.M you might be able to get a reduction in rent if it's been on market for maybe 30 or 60 days.

But if that's the case, the house might have lefit issues anyway. You get what you pay for. Good luck.

What city?

How has the journey been? Looking to get into owning something to rent out soon myself. But NYC is a crazy place.

[Cartiac]

Don't rent myself, but do know a friend that recently negotiated a significantly lower monthly rate by offering to pay a full year upfront. This is in Los Angeles and likely only possible because of the current situation, but it is at least possible especially if you are in an area suffering from continued economic oppression.

[PlateauTooSoon]

If you pay a large lump sum in advanced I'm sure it would work out.

Experienced landlords usually see that as a red flag, srs. Typically only drug dealers or people with sketchy income that is off the books will offer that

[paulinkansas]

I've got 23 furnished properties that I rent out by the week to travelling refinery contractors. I get haggled on rent prices regularly. A typical 3 or 4 bedroom place is $600 or $800 a week. When they haggle, I'll mention that there is a sofa bed and an inflatable bed in the house. So they can add 2 more people to their house but the total price stays the same. When they add more people, the individual price goes down.

If they still don't like it, I tell them they can spend the same amount of money to stay in a motel room. But there is no kitchen, no washer/dryer, no smart HDTV. If they still don't like it, I tell them to buy a tent at Walmart and sleep in a campground for $8 a night. If they still don't like it, I tell them to rent a storage unit for $50/month and sleep in it. If they still don't like it, I tell them to sleep in their vehicle. If they still don't like it, I tell them to go back home because they can't cut it in this town. If they still don't like it, I tell them that working on the road is not meant for them.

[GodlessWonder]

I've got 23 furnished properties that I rent out by the week to travelling refinery contractors. I get haggled on rent prices regularly. A typical 3 or 4 bedroom place is $600 or $800 a week. When they haggle, I'll mention that there is a sofa bed and an inflatable bed in the house. So they can add 2 more people to their house but the total price stays the same. When they add more people, the individual price goes down.

If they still don't like it, I tell them they can spend the same amount of money to stay in a motel room. But there is no kitchen, no washer/dryer, no smart HDTV. If they still don't like it, I tell them to buy a tent at Walmart and sleep in a campground for $8 a night. If they still don't like it, I tell them to rent a storage unit for $50/month and sleep in it. If they still don't like it, I tell them to sleep in their vehicle. If they still don't like it, I tell them to go back home because they can't cut it in this town. If they still don't like it, I tell them that working on the road is not meant for them.

JFL @ the look on their face after this ether. Hahahaha.

[Beast92]

I told my landlord i was leaving and she offered an 18% discount instantly

[_zman]

I'd definitely try if I were you. The best time to negotiate is towards the end of your lease. Make sure you pay on time. The cost and time involved with turnover sucks for landlords. Typically they have to paint/clean it for the next tenant depending on the prior tenant. Sometimes places can take a month or two to find a new tenant, so it makes sense to just keep the current tenant.

Of course not all landlords understand this. But it's worth the effort as long as the negotiation is fair.

I've given breaks to tenants that pay on time, early lump sum, or if I wanted a place filled fast.