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Top Ten Ways to Lower your Rent
Are you a home owner? If not, chances are that you rent. There is no shame In renting, in fact the vast majority of Americans today are unable to afford a mortgage, so their only recourse, besides living at home, or in their grandparent’s basement, is to rent an apartment, condo, or house. There are many pluses and minuses to renting, the most valuable benefit being that should anything go wrong with your unit, you just have to call your superintendent and they will fix it in a jiffy. The obvious downside being that you don’t own your own home. But in today’s economy, this should come as a shock to absolutely no one. So once you have resigned yourself to the fact that renting is the best option for you and your family, the next question becomes how to get the lowest rent possible. If you follow these top ten ways to lower your rent, you will be absolutely amazed at how much extra cash you will have at the end of the month for other expenses, such as bills, loans, or just extra spending cash to be used at your own discretion.
Play hardball
∙ You may be able to renegotiate your rent if you play hardball. In this economy, no one is above feeling the financial pinch. This includes landlords and property owners. So, it stands to reason that if you play tough with your landlord you may be able, to lower your rent. If your complex has a bunch of empty units, simply call your landlord and tell him or her you can not afford your rent, but you would be willing to stay if the price was lower. Faced with slightly less income, compared to no income at all, your landlord will probably listen and will be willing to negotiate. It should go without saying however that you should be respectful , but still forceful when talking to your landlord.
∙ A great way to lower rent is to get your landlord to pay for utilities. This can be incredibly advantageous to the cost savvy renter because you can lower your total expenses, without taking a direct cut in your rent. The effect is the same, which is that you pay less every month, and your landlord gets to keep a tenant without taking a cut in rent.
Be Flexible
∙Another tactic is to get a roommate. This is becoming more and more common in this economy. You can effectively cut your rent in half if you take on an additional tenant. This can help you reduce the financial burden of your rent.
∙You should play up your qualifications. If you have been a god tenant, you can use this to your advantage in negotiating a rent decrease. You can say that you have been a loyal tenant for years, paying your rent on time, and not making much of a fuss. Your landlord will likely agree with you, and will be more willing to deal with your demands because he or she wants to keep you as a tenant.
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