#loweryourrent

Truthnado: How to Lower Your Rent

(wind blowing) ...Spent more than a third of their income on rent, but there is a way to lower your housing costs.

 - It's time for another truthnado. Who likes paying higher rent? You? Bet not. How'd you like to get your rent lowered? 

 - Landlords just out of the gate are not gonna offer to lower your rent, like full stop, that very, very rarely happens. 

Well, I've got a couple tips that might actually make that happen.  First one is a real truthnado. Truthnado one, to get your rent lowered.  Don't be a jag bag. 

Be a good tenant.  Pay on time, don't trash your place. Take care of the property.  Be a tenant, your landlord wants to keep around. So when the time comes, he does raise a rent.  Know your market. 

 - While many renters think the price is set in stone, you might be surprised to hear your monthly payment is actually flexible. 

- It's actually set by the market. 

- Rental expert Jonas Bordeaux, getting your rent lowered is possible, but 90% of tenants don't ask. 

- It's kind of like buying a car in that way. You have to go in expecting it to be a negotiation and thinking, what does a landlord possibly want in the situation? What do I want in the situation? What's important to me?  What are the trade-offs that I'm willing to accept? This is a situation where you can and should negotiate. 

Say to him, like, jeez, I don't really want to move, but there's a similar place that's $75 less a month. I think I'm just gonna move there. That'll get his interest. Now, when you're talking, you've opened a negotiation, be willing to give a little too.

Like, you know, I'll sign a two-year, maybe a three-year lease. - Another tip? maybe a two or three-year lease, that can be really valuable to the landlord and that can really help you keep your rent down now and in the future. 

- If you lower my rent or at least don't raise my rent, now you're offering something to him. Negotiation, think what the other person wants. The other person doesn't want to have to find a new tenant.  He doesn't know if they're gonna be a good tenant or not. If you're a good tenant, use that equity.