3 Guaranteed, Easy Surefire Ways to Save Money on Rent

Posted by Staff Reporter (media@realtytoday.com) on Sep 07, 2015 06:00 AM EDT
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Utica, NY Struggles With Poverty Rate Twice The National Averagemore big
UTICA, NY - MAY 14: A 'for rent' sign hangs in a window of an empty factory on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8% as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory (Photo : Spencer Platt/Getty Images)

Rent is an expense than can consume a large chunk of the monthly household income.  It is the housing option for those who are not yet ready to buy a home.  In other states, it is considered better to rent than pay mortgage.  Most of the time, jobs would require someone to move around a lot, making renting much more convenient than buying a house.  Whatever the case maybe, household income should not be exhausted by renting as there are 3 easy to remember ways that guarantee you to save big bucks on rent expense.

The first method is based on what rent.com has reported to be a slow season for landlords.  Therefore according to this website, it is best to rent in winter and spring when landlords are more likely be open to negotiation. Just take note that there might be fewer options to choose from because people aslo tend not to move at this time of the year.

The very second may be applicable to any time of the year.  It is negotiating before you step into a rental property.  Do not be afraid to talk to the landlord so see if there is any chance that they would drop the price, especially if you can prove that you are an unfailing occupant.  It would be helpful to bring along documentation that prove that your landlord can gain confidence that you will be to pay religiously and on time.  Moreover, you can also ask if he could drop the rent if you agree to a longer lease term or pay months in advance.

Last but not the least is to never lose your security deposit.  Most people tend to forget this one.  Try to communicate repairs with your landlord as soon as possible and understand your contract extensively.  Think of this as savings that can be helpful in case you need to move to another rental property. 

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