Did you know that the average American renter spends about 35 percent of their gross income on rental costs? Any way you slice it, that's a huge chunk out of your check. And in today's uncertain economy riddled with rising unemployment rates and increasing fuel costs, it pays to save where you can. So whether you're renting from a property management company in Chandler or searching for your next apartment, here are five effortless ways to save money on your rent.
How Low Can You Go?
No, we're not referring to engaging in criminal activities. In this market, negotiating your rent is a key component in the rental game. So get ready to play ball! If you're signing a new lease or renewing your lease for your Glendale AZ rental, be ready to bat with some negotiation tactics. Know your area and have comparative rental rates in hand to haggle every cent. If you have the flexibility, sign a longer lease which gives you the opportunity to lock in a reasonable rate while everyone else is battling rental increases. Renewing your lease? Stand firm and ask for an incentive or perk to stay, such as a monthly pro-rated discount.
My Mamma Told Me, You Better Shop Around!
Smart shoppers always shop around (thanks for the advice, mom!) You don't drive off the lot in the first car you see and you don't sign on the dotted line at the first Gilbert property management lease you come across either. The internet has given us a valuably effective way to shop the competition and review multiple sites before landing your next rental. But don't limit your search to your smartphone just yet. Newspapers and word of mouth are still great resources to find hidden lower rent treasures.
Negotiating with Nepotism
If you've managed your whole life to never need the help of friends or family, congratulations. Few like to take advantage of family discounts, but in this economy you almost can't afford not to. So swallow your pride and ask for help! Put the word out to friends and family to see if they have available homes for rent in Glendale AZ or know of some options. Chances are if you rent from someone you know you may get a better rental deal than someone off the street.
Hop on the Barter Boat
There's a nasty little rumor going around that the American dollar is in jeopardy of losing its value. So just to be safe why not try to barter with your landlord or Chandler property manager? Some landlords are willing to offer a discount on your rent if you have skills they need such as landscaping, babysitting, maintenance work, and website services to name a few. If you've got the free time then why not shave a little off your rent?
Free is My Favorite Word
So you've shopped around, tried to haggle, attempted to barter, and you asked your Aunt Ida if she's got a place to crash. When all else fails, seek out free perks! Rents with utilities included could save you lots of cash. And amenities such as free gym usage and Wi-Fi business centers can help you save on costly gym membership costs or even allow you to cut your own cable and internet costs completely.