Negotiating home rental price?

My family and I are looking for a rental home. I've been looking casually for a few months now while the sale of our home is being finalized. I notice a lot of properties that have dropped their price over this time. So my question is, how much will a rentor drop the price through negotiating? I would assume a lot of these rentors just can't find occupants. As an example, we do not want to spend more than $2000 a month yet see some really nice properties for $2500. Thanks all!Negotiating home rental price?
in real estate everything is negotiable. you just need to discover the landlord's motivation. if the property has been vacant they may be more willing to create the cash-flow and if the property has been vacant for some time then the rent they are asking for is probably too high. if you're willing to be flexible (move in date, length of stay, utilities, responsibility for repairs %26amp; maintenance, etc) then the owner should be willing to be flexible as well.


in a perfect landlord world the rent needs to be more than 80% of their mortgage; the landlord has operating expenses, taxes and planning for vacancy. If the rent only covers the mortgage the owner is actually losing money! but if you'll cover the extra expenses they should lower the rent (either way you're going to be paying it but a lower rent gives you the advantage in minimizing the other expenses through sweat-equity, doing the work yourself.).Negotiating home rental price?
You might want to go for something not AS NICE, something alittle more in your budget. I can't see you being able to talk them down more than a hundred or so. Remeber these ARE hard times and although the housing prices are going down they ARE NOT going to take less than their mortgage payment from you. Find out what they are paying (monthly) for their mortgage and offer them 50 to 100 dollars more for ';profit'; it will make it seem more appealing. These guys want to make money off of you AND pay off the mortgage at the same time.
Find out how long the rental has been on the market -- if it's been a while, and you have good tenant references, meet with them and make them an offer. Chances are the owner has been making mortgage payments on the rental property out of pocket, and in today's housing market they may snap at a chance to get a good tenant to cover that payment without a profit, or even below profit.


You can also ask if they own the home outright and if not, then ask if the mortgage payments are up to date; perhaps even see the paperwork on it -- in todays economy, many renters have been suddenly evicted because their mortgage holder (landlord) defaulted and went into foreclosure. So you're not at all out of line wanting proof that the mortgage payments are current and there are no problems. And if it doesn't work with the first landlord you talk to, don't quit, because a lot of those people who own rental homes are in a tight squeeze, you just need to find one with whom you can form a mutually beneficial arrangement. PS Make sure they give you a contract so they can't raise your rent right after you move in.