The Best Way to Arrive at Rental Rates - Marcus Hiles

The Best Way to Arrive at Rental Rates – Marcus Hiles

Individuals seeking rental properties should know factors that influence rental rates, says Marcus Hiles. A Forbes article suggests that the best way to derive rental rates, assembling data in the area, the landlord, and what various tenants are paying – either in a similar building or neighbourhood – are all key matters when looking for lower rental rates. Asking landlords for lower rents should not be a challenge for tenants. Although bluntly asking a lower rental rate may not be the best method, landlords are usually accustomed to negotiation. “Negotiation points for me as a landlord and property manager are length of lease and credit,” says Denise Supplee, co-founder of SparkRental.com, a full-service rental automation service. Hiles advises renters to try signing a long-term lease instead. Landlords prefer the idea of being able to keep turnover rates low while still
achieving profitability.

Read more: http://markets.financialcontent.com/mng-lang.dailynews/news/read/33411953/Marcus_Hiles_

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