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4 tips for negotiating the rent on your apartment, according to renters who have done it - Business Insider

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There's almost always room to negotiate on the rent for your apartment or home, and the pandemic has given renters more reasons to try it

For landlords, it's never been more important to keep good tenants. And tenants can use that to their advantage when their lease comes due, asking for lower monthly rent payments. If you're considering it, renters who have done it say it's definitely worth a shot — here are the tips and tricks they used to lower their own rents.Landlords generally tend to raise rents each year. According to Apartment Therapy, rents tend toto keep up with inflation.

It's a good example of how small requests are more easily granted. But as a renter, that small amount — even if its $50 or $100 per month — makes a big difference over time. For anyone who expects to stay in the same apartment for a long time, asking to keep your rent the same can be a small ask that makes a big difference over time. When former bartender and server Serena Marie was laid off from both of her jobs in New York City, she and her roommates decided to try to negotiate their rent.

While face-to-face meetings haven't been an option during the coronavirus pandemic, a phone or video call is a more effective alternative to an impersonal email.If you've done a good job with making payments on time, maintaining the property, and being a good tenant all around, that's more leverage for your negotiations. After all, landlords are often better off making less with a good tenant than getting a higher rent from a problematic tenant.

 

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