Rents are on the rise. Here's how to prepare for a big increase.
"If you find that other places in your area are going for less, start making a list of examples," said, vice president of strategic accounts at Zumper. "The more data you have, the better."
"Does your landlord have vacancies?" Mohamed added. "You could offer to spread the word and make referrals to your friends to help them fill apartments in exchange for a rent concession or discount."If your property manager or owner senses your desperation, you won't have a solid stance to negotiate.For example, perhaps they'd consider a lower increase if you sign a two-year lease instead of a one-year contract.
"Maybe some of your appliances are in need of an upgrade, or you'd like a utility bill to be included in your rent," she said. "Property managers routinely price renewal leases below what they'd charge a new resident," Parsons said, adding that they want to save on so-called turn costs, including changing the carpet, painting and cleaning."Upfront costs such as movers and utility transfers can add up and might actually be more expensive than the rent increase," Crawford said.
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