3 ms·

Do you see this in non-hot markets as well (aka the Midwest)? My lease is up in July, and I don't really want to move, but any chance to knock even $50 off my m

• tartoran 6y ago
  Give it a try, you’ve got nothing to loose. And also look around, you might find something better for the same price or cheaper and possibly nearby. Your landlord would loose a lot more if they don’t make a counter-offer, especially if you’ve been a good tenant
• taylorhou 6y ago
  to give some context (depending on your rent) but anytime a landlord/PM has to place a new tenant, there are leasing fees/commissions (usually) that equate to between 1/2 to a full month's rent. so if your rent is $1000/month, at a $500 leasing fee to the landlord for a new tenant, they are better off just giving you a $40/month discount (minimum) if you just consider the commission. they also have to deal with make ready costs, time, and potentially vacancy which any landlord who is objective would gladly say "you want $50/month off your rent? done!" - i would at least. the only time this doesn't work is in a "hot" rental market where the landlord/PM can charge more for rent and/or have a waitlist (in multifamily scenarios)