Are rent house prices negotiable?

[jdgregory84]

A couple of friends and I are looking to rent a house pretty soon here in South Austin and I've never done it before. I've definitely negotiated apartment prices and was wondering if houses are the same? We're trying to stay in the $1,200/month range, but most of the houses in the area we're looking are $1,500+ for a 3 Bed, 2 Bath.

[Vertnut]

It's always worth a shot, but from what I hear the Austin market is really hot right now.

[dcs13]

Rentals are hot right now,probably not. But hey, I've had guys try to negotiate a $20 car part, why not try the rent. I have one rental property. I can assure you I would take a little less knowing I would have someone that is long term and not going to be a pain in my ass...

[mk5.0]

Yes house rent prices are negotiable.

[2011GT]

I had no idea you could negotiate apartment rent

[YALE]

Everything is negotiable.

[71chevellejohn]

I know we negotiated a lower lease payment on our office building when we moved in. A longer term was needed to make it happen, but they did come down quite a bit.

[mustang1200]

We offered a $100 monthly discount in trade for a 2 year lease.

[David]

Long term reliability and good past credit/criminal/rental history are what we look for on negotiating terms on our properties. Most are paid for and I'd rather negotiate a couple hundred off say a $1200/month lease for long term than to have the house sit on the market empty making no money. But if you're a risk, te negotiation terms will not be favorable.

[mustang1200]

Long term reliability and good past credit/criminal/rental history are what we look for on negotiating terms on our properties. Most are paid for and I'd rather negotiate a couple hundred off say a $1200/month lease for long term than to have the house sit on the market empty making no money. But if you're a risk, te negotiation terms will not be favorable.

What this guy said. I need to figure out how to purchase another rent house.

[talisman]

Yes, but I'd have to say good luck right now. Even in DFW stuff isn't lasting on the market for very long. I negotiated a small amount off my apartment rent when I was in between my 2 houses.

[dcs13]

What this guy said. I need to figure out how to purchase another rent house.

It's about cash flow. They tightened up on borrowing. You need 25% down now when buying property that is not your primary residence...

[bucky]

I have two rentals. Getting $100 less a month for good quality long term renters is worth its weight in gold over people who pay late, call and nitpick over every little issue. Once I get those, there's a nice big rent increase to drive them out. Most apartments are management companies so the rents are market values and are less flexible.

[mustang1200]

Yes, but I'd have to say good luck right now. Even in DFW stuff isn't lasting on the market for very long. I negotiated a small amount off my apartment rent when I was in between my 2 houses.

Ours rented in less than 10 days (deposit in hand) and we had 4 applicants before we choose one.

It's about cash flow. They tightened up on borrowing. You need 25% down now when buying property that is not your primary residence...

That's what I've come to learn. I'm wondering if I can't bend the rules some and borrow against my currently paid for rental property.

[03mustangdude]

Ours rented in less than 10 days (deposit in hand) and we had 4 applicants before we choose one.



That's what I've come to learn. I'm wondering if I can't bend the rules some and borrow against my currently paid for rental property.

Doubt you can borrow against it but I dont know anything anymore, bank is waiting " at least 45 maybe 60 days" to approve my home loan as a primary residence even though i'm putting 33% down.