How can you save as a renter?
22/08/2014 10:59 | Source:
Real Estate on the Cheap: The market generally favors landlords, but a renter can cut costs through creative negotiating and smart budgeting.

If you're renting, you probably know that the market is pretty tight right now. Fewer properties are available, and some particularly tough markets have seen a spate of abuses by unscrupulous landlords and brokers. But you can still save on rent and other monthly housing expenses by negotiating with your landlord and implementing some common-sense cost-saving tactics.Have a good reason for a discount.

There are kindhearted landlords out there, but renting is a business, so don't expect a break on rent just because you ask. Here are four reasons a landlord might consider giving you a discount:

1. The unit is priced higher than comparable ones in the area.

2. I'm an excellent tenant and will always pay rent on time.

If you have near-perfect credit and a spotless rental history, don't be afraid to brag about it. Landlords have more options than ever when selecting tenants, and a tenant with good credit will stand out from the crowd.

3. I can pay several months' rent upfront.

This can be a great way to save money in the long run. Plus, you won't have to worry about remembering to pay your rent each month. But Pyle does have a few words of warning: "Before handing over several months' rent, tenants should be sure that the landlord is current with his mortgage and not about to be in foreclosure. They might ask to see his most recent mortgage statement."