Marcus Hiles encouraged renters looking to sign a lease to remember a few factors that may impact the cost of rent. According to a Forbes article on how to negotiate rental prices, doing research about the neighborhood, the landlord, and what other tenants are paying — either in the same building or community – are all factors in finding lower rental rates. Renters also shouldn’t hesitate to negotiate prices. Although blatantly asking for a lower rental price may not be the best strategy, landlords are not always opposed to negotiating. “Negotiation points for me as a landlord and property manager are length of lease and credit,” notes Denise Supplee, co-founder of SparkRental.com, a full-service rental automation firm. Another option, notes Hiles, is to offer to sign a long-term lease. Landlords like the idea of being able to minimize turnover rates while still meeting their profit quotas.

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