Can you reduce rent?
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Can you reduce rent? (by Jo [CT]) May 23, 2019 5:27 PM
       Can you reduce rent? (by myob [GA]) May 23, 2019 6:00 PM
       Can you reduce rent? (by Jasper [OH]) May 23, 2019 6:56 PM
       Can you reduce rent? (by TenantWhisperer [MA]) May 23, 2019 7:03 PM
       Can you reduce rent? (by Ponari [TX]) May 23, 2019 7:09 PM
       Can you reduce rent? (by Still Learning [NH]) May 23, 2019 7:11 PM
       Can you reduce rent? (by Salernitana [CA]) May 23, 2019 7:52 PM
       Can you reduce rent? (by Robert,OntarioCanada [ON]) May 23, 2019 8:01 PM
       Can you reduce rent? (by plenty [MO]) May 23, 2019 8:03 PM
       Can you reduce rent? (by Jo [CT]) May 23, 2019 8:32 PM
       Can you reduce rent? (by melinda [MD]) May 23, 2019 8:39 PM
       Can you reduce rent? (by NE [PA]) May 23, 2019 9:09 PM
       Can you reduce rent? (by #22 [MO]) May 23, 2019 9:16 PM
       Can you reduce rent? (by Jim In O C [CA]) May 23, 2019 9:22 PM
       Can you reduce rent? (by gevans [SC]) May 23, 2019 9:55 PM
       Can you reduce rent? (by AllyM [NJ]) May 23, 2019 9:56 PM
       Can you reduce rent? (by myob [GA]) May 24, 2019 7:47 AM
       Can you reduce rent? (by S i d [MO]) May 24, 2019 8:19 AM
       Can you reduce rent? (by LindaJ [NY]) May 24, 2019 8:31 AM
       Can you reduce rent? (by Rich [PA]) May 24, 2019 9:09 AM
       Can you reduce rent? (by Oregonwoodsmoke [ID]) May 24, 2019 9:11 AM
       Can you reduce rent? (by Danno [IL]) May 24, 2019 9:19 AM
       Can you reduce rent? (by Jo [CT]) May 24, 2019 4:14 PM
       Can you reduce rent? (by Vee [OH]) May 25, 2019 6:03 PM
       Can you reduce rent? (by John [OH]) May 25, 2019 6:06 PM

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Can you reduce rent? (by Jo [CT]) Posted on: May 23, 2019 5:27 PM
Message:

I had two girls who just graduated from college come and look at one of my four-bedroom apartments. They are interested in renting three of the rooms. Since I rent to college students a lot renting by the room works really well. There are two larger rooms and two smaller rooms so there is a price difference.

They asked if I would reduce the rent on both rooms. They both "felt" that the smaller room was not worth a $25 difference from the larger room and therefore could both rooms be reduced in price? I said I'll have to ask the owner. I texted them later and said no, we are not reducing rents.

They told me that they could get another place for $100 A month less with all utilities included, even though mine included utilities also.

I should've asked them if they would take a reduction in pay every week. It's the same thing as far as I'm concerned. What responses do you all give when people ask this question? Do you even consider it?

--32.215.xxx.xx




Can you reduce rent? (by myob [GA]) Posted on: May 23, 2019 6:00 PM
Message:

Give them credit for at least asking.

This comes up on new apps and on renewal of existing.

We've kept the rent to cover the recent increases in taxes and insurance. With everyone working the property tax man has increased the value of our property and of course since the value has been increased the insurance man claims with that increased value insurance coverage is increased. --99.103.xxx.xxx




Can you reduce rent? (by Jasper [OH]) Posted on: May 23, 2019 6:56 PM
Message:

Nothing ventured, nothing gained. Have seen this with the millenial age group. Some feel everything is negotiable. I don't give in to this, as it can set a precedent for other issues down the road. --71.28.xxx.xxx




Can you reduce rent? (by TenantWhisperer [MA]) Posted on: May 23, 2019 7:03 PM
Message:

When tenant/applicants ask if I can be "flexible" on the rent, I say, "Sure, I'll take more". They then wander off mumbling and looking confused.

--73.16.xxx.x




Can you reduce rent? (by Ponari [TX]) Posted on: May 23, 2019 7:09 PM
Message:

I say the same as TenantWhisperer.

I had a couple a long time ago say they could get a place the same as mine for less money. I told them, “you'd better run fast then before someone else grabs it”. They left and when I locked the door and got to the end of the driveway they asked if they could submit an application. They were there for two years.  --47.188.xx.xx




Can you reduce rent? (by Still Learning [NH]) Posted on: May 23, 2019 7:11 PM
Message:

I would not drop the rent. I give them credit for asking and being aware of their budget, but it sounds like they like yours but not enough to validate the price down the road if that is even true. --24.61.xxx.xx




Can you reduce rent? (by Salernitana [CA]) Posted on: May 23, 2019 7:52 PM
Message:

I too give them credit for having asked. Did they graduate from Yale?

I'm glad that you said, "No." I wouldn't rent to them if you had other prospective tenants who were equally or better qualified. I understand their logic; however, tenants who nickel and dime everything don't seem to stop asking for stuff, especially having first asked about dropping rent or move-in specials before signing a lease.

Best of luck with your rooms. --107.142.xxx.xx




Can you reduce rent? (by Robert,OntarioCanada [ON]) Posted on: May 23, 2019 8:01 PM
Message:

Upfront there is cost to separate all the utilities out of the rent where over the long term it pays off. When tenants own the utility they use considerably less then included in the rent. When they leave all the lights are turned off or lights turned off when not in the room. Electricity is the most abused utility. High efficiency split heat pumps can be used for heating and cooling. If natural gas is available then it is possible to install a high efficiency wall mounted gas boiler then connect up to existing radiators. If utilities suddenly increase then there less to worry about as the tenant pays directly. With utilities out of the rent then rent can be reduced now and in the future. --147.194.xxx.xx




Can you reduce rent? (by plenty [MO]) Posted on: May 23, 2019 8:03 PM
Message:

If they shared one big room they have more money! --99.203.xx.xxx




Can you reduce rent? (by Jo [CT]) Posted on: May 23, 2019 8:32 PM
Message:

They said that they could find something less expensive but with everything included as well but they really liked this apartment. There are people that are willing to pay that rent so why should I lower it!

Who knows, maybe they’ll be back but possibly if they are asking for a reduction in rent they might want other things in the future. --32.215.xxx.xx




Can you reduce rent? (by melinda [MD]) Posted on: May 23, 2019 8:39 PM
Message:

Jo, great response about would you accept a reduction in your pay. --24.233.xxx.xx




Can you reduce rent? (by NE [PA]) Posted on: May 23, 2019 9:09 PM
Message:

Must be part of the B.Sanders crowd. --50.107.xxx.xx




Can you reduce rent? (by #22 [MO]) Posted on: May 23, 2019 9:16 PM
Message:

I've always had terrible luck with people asking for rent reductions.... they make awful tenants... --216.130.xx.xxx




Can you reduce rent? (by Jim In O C [CA]) Posted on: May 23, 2019 9:22 PM
Message:

When asked if the rent is firm, I usually reply, I thought my price was very fair but if you think I should be charging more I can work with you. This usually stops them cold. --99.23.xxx.x




Can you reduce rent? (by gevans [SC]) Posted on: May 23, 2019 9:55 PM
Message:

I'm a negotiator myself. No harm asking.

I just smile and say "it's a fair price. I'll reduce it if it's still empty in a couple of months". It never is. --69.80.xx.xx




Can you reduce rent? (by AllyM [NJ]) Posted on: May 23, 2019 9:56 PM
Message:

I lowered a rent for an incoming tenant just this month. Got to get this one because the alternative is very bad. A lot of the rent cost is fixing damage they do while they are living there and I don't think there will be much of that if any. Two classy people. --173.61.xxx.xx




Can you reduce rent? (by myob [GA]) Posted on: May 24, 2019 7:47 AM
Message:

ALLYm why is a lot of rent cost fixing damamges? Don't you go after these destroyers of property? NJ is a good collection state. --99.103.xxx.xxx




Can you reduce rent? (by S i d [MO]) Posted on: May 24, 2019 8:19 AM
Message:

I cannot recall the last time someone asked me to reduce the rent. I too give them kudos for asking. Like others, I negotiate almost everything that will be a significant hit to my finances (house, car, etc).

"Not at this time" is a neutral answer. Not rude but not wimpy either. I like gevans' answer too. --173.20.xxx.xxx




Can you reduce rent? (by LindaJ [NY]) Posted on: May 24, 2019 8:31 AM
Message:

I don't hold it against anyone for asking. I might even consider it. In this case, you would be dealing with 2 tenants for 3 rooms instead of three tenants. There might be some advantage to that. But, if you don't reduce rent, that is there answer.

I always try to get the best deal on things like houses, cars, appliances at the box store, even already clearance items. Especially if I am buying multiple, or they have sat there a while without being sold. So I never take it personal if someone gives me an offer on something. I just say no if I am not interested, or maybe offer back if I am. --108.4.xxx.xx




Can you reduce rent? (by Rich [PA]) Posted on: May 24, 2019 9:09 AM
Message:

Had a recent prospect ask this question. My answer: As you can see, I prefer to spend money updating my units instead of giving rent discounts. They were not really prospects that I was interested in (though my answer would have been the same either way) since it was a husband, wife and 6 year old looking at my one bedroom apartment in a multi-unit building. --100.6.xxx.xxx




Can you reduce rent? (by Oregonwoodsmoke [ID]) Posted on: May 24, 2019 9:11 AM
Message:

I won't hold it against anyone for being careful with their money. I believe that some of the tenant sites are still advising them to ask for lower rent.

I tell them that the price is the price. I more often get people wanting to pay more, not less, and I tell them that the price is the price. So far, every one of those pay more applicants has been someone that no sane landlord would accept.

With my son's rentals, they answer was "sure. The owner is willing to knock $25 off the rent for tenants with high credit scores, more than the required income qualification, and excellent landlord references". And that was always the end of that. --98.146.xxx.xxx




Can you reduce rent? (by Danno [IL]) Posted on: May 24, 2019 9:19 AM
Message:

I don't mind them asking for a reduction, and most of the time, they won't get it. What turns me off are those individuals who will dictate the rent amount they feel is fair. "I'm not authorized to adjust the rent amount. I have to run this by with the owner." If I had rented to them, I know that this would just be the beginning of their endless string of "dictating" demands. --174.221.xxx.xx




Can you reduce rent? (by Jo [CT]) Posted on: May 24, 2019 4:14 PM
Message:

They were trying to dictate what they thought was a "fair" rent amount, anywhere from $50-&75 less per room...next! --32.215.xxx.xx




Can you reduce rent? (by Vee [OH]) Posted on: May 25, 2019 6:03 PM
Message:

When I hear the reduce word I start the lawn mower to reduce the height of the grass.... --76.188.xxx.xx




Can you reduce rent? (by John [OH]) Posted on: May 25, 2019 6:06 PM
Message:

Right or wrong, I factor in some things when I make a price, and always post the rent higher than I need. This does give me a little flexibility; for instance you find a tenant that appears to be good, but really can't afford what is advertised. or someone wants to help in some way to lessen the rent.

But I know my bottom line and NEVER go below that. It actually is hard to move me from the advertised price because all of our properties are nice and I have told them flat out when they tell me they can get something for less to go ahead. A lot of people tell me I am high. I am but the properties are good property's. I will let something sit a month or even two before lowering it below what the bottom line is. --72.49.xxx.xx



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