Apartment Shopping? – Three Tips For Rent Negotiation

by James & Miel on November 1, 2009 · 0 comments

Hi All,

For those of you who are renting, you’ll find this posting of some interest.

Money Talks News is an underrated video series that focuses on consumer affairs and personal finance. This video is on how to negotiate your rent.

The video says three things are key for negotiating your rent:

1) Know the local rental market.

2) Having a clearly defined negotiation objective.

3) Prove you are a good tenant, bring your credit score and references.

All these make good sense. My wife Miel and I have had some limited experience with rental properties. Landlords are definitely looking for good tenants. If someone has is a good prospect owners are likely grant concessions like lower rent, a free month or a smaller deposit.

What is a good tenant? Of course, opinions are going to differ, but here are some criteria that might you might be measured against when you’re applying for housing. I think that age discrimination might be illegal, but unfortunately law cannot change peoples subjective biases, as much as we’d like it to.

A) Those with good references
B) A job paying at least three times the monthly rent
C) Good credit
D) A stable rental history
E) Married
F) Older

Thanks,

James

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