Netgotiating Cheaper Rent?
Hi guys, I thought this would be a good place to ask my questions since their are alot of landlords here. I'm ready to move out and want the best rent possible. Not because I can barely afford it, I want to save up money for investing. I'm looking at apartments, townhouses, etc. No dorms. I live in southern california so rent is generally expensive, in my area the low end is $750 a month for a 2 bedroom in a bad area of town. (I'll have a roommate) I was wondering if landlords are typically willing to negotiate a lower monthly rent, perhaps because they have a high number of vacant units or maybe for some other reason. from looking at roommate ads $350 seems to be the lowest so I'm shooting for $300 or less. Any help is appreciated, thanks!
Couple things you could try, but, they will all fail if the rental market is strong. Offer to do your own repairs, offer a higher security deposit, offer to fix something up in the place for free, Heck, offer to pay 6 months in advance, that would get you a cheap rate.
GL
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Ya the RE market is pretty strong in so cal right now but I guess it won't hurt to try your suggestions, thanks!
I own a 4-plex in So. Cal and I have to be honest - I am NOT reducing rents right now on my vacancy - but if you had come to me when it was vacant during the holidays, I may have bitten.
In my opinion it will be tough now as the weather is getting nicer, people are past the holidays, and even though rents are high, there is still a shortage of good units.
Good luck
Another though, search the small claims records for recent evictions, approach that person that just had to evict someone and offer to pay X number of months in advance. As most investors look for motivated sellers, you want to look for a motivated renter!
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