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

Forum Index » Real Estate

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

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[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]

Rent reflects market rates, which can go down just like they can go up. I think the real question is how long are you willing/can afford to hold out for your desired rent? If you can afford to wait in the hopes of getting an extra 200/month, then you don't need to negotiate. If you'd rather have the unit rented, $200 off is what the market is apparently willing to pay for your unit. My last landlord before buying preferred to price his rent below market in order to get a lot of applicants so that he could be choosy. He priced 300 below market when we rented from him. Of course he had purchased the house 30 years ago for 30K so he had a lot of financial flexibility and was still making a ton of profit. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics