Introductory Rates & Inertia
It’s always a good idea to negotiate rent, said Erin Lowry, personal finance expert and author of the book “Broke Millennial,” especially if the landlord has raised the rent for the new lease period. That is, unless you have been a bad tenant.
“This strategy is best deployed only if you’ve been a model tenant,” she said. “If you’ve had conflict with your landlord in the past or been late on rent, then he or she isn’t likely to take your request too seriously.”
When asking for a rent decrease, I was sure to remind my landlord that I had lived at other properties owned by the same rental company for the past three years and had never been late on rent or caused any property damage.
In this case it’s because of various changes that actually make apartments less expensive sometimes, but it reminds me of something tangential.
It used to be a common pet peeve of mine that people moving in always got much better rent than renewals. They were basically betting that they could charge people for their interia (and the cost of relocating), and I suspect that they were right. It reached the point for me where I started contemplating “They should pass a law!” which is not my instinct.