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][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]

I think the potential tenant is probably choosing between your place and another rental that is less expensive. It’s not a red flag for the tenant’s personality, you’re just overpriced for the current market conditions. [/quote]

It's possible but not always true.  Sometimes it's just the person who always wants a bargain and would not ever want to pay the price listed, some people just want to haggle or buy things only on sale even if in reality they aren't getting a deal, it's psychological.   Sometimes it is indecisiveness and person wanting a sure sign that your rental is the place for them to have them pull the trigger.  People ask for discounts even on things that are below market value.

Also, in general people who ask a lot of questions or for certain concessions will continue being needier than those who just make their decision after shopping around and pull the trigger.  Often times people who ask a lot of questions, drag their decision end up not giving you the business.

So, yes, I'd say in general it can be a red flag that you may be dealing with a potentially problematic customer.  It's true for any business, not just RE.

[/quote]

I've asked for lower rents multiple times over the years. I don't want anything to do with my landlord after I sign the lease. I pay the rent and you leave me alone.[/quote]

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