Reply to Landlords: What are your experiences of rental applicants asking for lower than your listed rental price?

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Reply to "Landlords: What are your experiences of rental applicants asking for lower than your listed rental price?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]How long has it been on the market? I would be inclined to tell them you'll get back to them and look for a full price renter. [/quote]

One month (there was another offer but the credit score was too low), which is surprising b/c it took me less time to find a good tenant last year. And I've already cut the price. So with this applicant's offer it'd be $200/mo lower than what last tenant paid. I guess it's not a big deal in the grand scheme of things. But I'm wondering if it's because of the market (with government shutdown and everything)...[/quote]

https://www.wsj.com/real-estate/renters-have-the-upper-hand-and-they-are-probably-keeping-it-cc2eb760?mod=Searchresults&pos=1&page=1

Renters across much of the U.S. have enjoyed easing prices and months of free rent this year. Now, this tenant-friendly environment looks poised to extend deep into next year, and perhaps beyond.

Apartment rents nationally are advancing at their slowest pace in years, thanks to the glut of new units that has taken longer than expected to absorb. More recently, job concerns among young people are posing a new threat to the rental market.

Apartments are getting leased at record levels. But that is largely because of all the supply and because building owners are offering more tenant incentives. They agreed to concessions such as months of free rent on 37% of rentals in September—a record for that month—according to Zillow. [/quote]

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