Apartment Rent negotiation sounds intimidating, but with a little strategy, you might win the negotiation and get the deal.
Here are some tips to turn the negotiation in your favor-
Ask Landlord If Rent Price is Open to Negotiation
Ask your landlord politely if he/she can discuss rent prices, and what a good time to talk would be. A large property company used to be less likely to negotiate terms, while an independent landlord has a more lenient approach toward negotiation.
Highlight Your Strength as a Tenant
If it’s a new apartment in Shreveport, you can show you’re financially stable by offering the landlord a few concessions like paying a few months of rent in advance or signing for a longer lease.
If this is the case of a rent increase of your existing apartment, then you should remind your landlord that how responsible and reliable tenant you’ve been. I
Inquire about extending the Lease
Showing that you plan to stay in your Bossier apartment for a good length of time, you can demonstrate that you’re a stable investment. If it’s an annual lease, offer to extend it to 18-24 months in exchange for keeping your current rent.
Offer to End the Lease in the Summer
Summer is a good time to find new tenants. Since most people have more flexible schedules, your landlord will easily find a new tenant at that time.
Know the Property’s Value
Consider if the rent is beyond the actual worth of the prevailing market. Research rent rates by talking to other landlords or neighbors in the area.
Negotiate in Person, Follow up in Writing
Try to talk to the landlord in person as face to face negotiation is usually best. You must remain calm, polite and professional during the discussion- never rude or defensive.
Always Have a Backup Plan
If it’s a new apartment, you should have multiple apartments in Shreveport that you can consider renting in case negotiation goes unsuccessful.
So, you found your dream apartment but that is slightly out of your price range? You have the option to try and negotiate your rent.