Moving into a new home can be expensive. With packing supplies to buy, transportation expenses to fund and long distance moving and storage costs to cover, a relocation can quickly become pricey. However, some of these outlays can be recouped if you are a shrewd negotiator.
As the housing market recovers, many people are aware of the ample room for getting a better deal when purchasing a home. However, fewer investors are aware of the similar opportunities available for people looking to rent a new living space.
Although it may feel like you are at the property owner's behest, he or she is also anxious to acquire a tenant for the unit. Therefore, it is a good idea for you to be confident in your negotiating skills to see if you can lower your rent.
Here are a few things to keep in mind as you try to get the best rate for your new rental unit.
Keep time in mind
As deadlines approach, landlords become increasingly eager to fill their spaces. If no tenant is found nearing the end of a month, property owners will likely have to take a price cut or risk sitting on a vacant unit. It is important to keep this in mind when negotiating a rent. Let the owner know you are aware that he or she is hoping to fill the space before a new rent cycle begins, and see if he or she will accept a lower price.
"Eighty percent of concessions come in the last 20 percent of time left to negotiate," Roger Dawson, author of Secrets of Power Negotiating, told Forbes.
Advertise your strengths
Not all tenants are equally desirable, and landlords know this. If you have a record of paying bills on time and a strong credit history, let them know. Kicking a renter out or chasing him or her down to pay bills wastes a property owner's time and costs them money. Use your steady income or deep savings as a bargaining chip to show the proprietor that you embody little risk, and that accepting a slightly lower rate from you is preferable to a higher rent from a less-reliable source.
Consider other perks
Landlords also like to ensure their property is treated with respect. Hiring a household moving company can show him or her that you value your possessions and the rental unit itself. With their experience moving people in and out, relocation movers show an owner that all precautions will be considered when carrying large and unwieldy objects, thereby preventing any damage to the property.