Tips on negotiating lower rent?
My lease will be ending on July 31st, and I would like to negotiate a lower rent. A little background info, I am paying $548 for my one bedroom, and looking on Rent.com, I see similiar rentals down the street going for 450-510. I live in a huge apartment complex, with at least 50 buildings. I'm not sure, but I think there is a high vacancy rate. My building has 12 units, of which only two are occupied, one being myself, and the other being my upstairs neighbor who is moving at the end of the month. I think there might be some leverage there, as me and that same neighbor moved in on the same day on August 1st 2004. During the past year, we only had had one extra neighbor who lived there a little over a month before she was evicted. I learned her rental rate was $424. To tell the truth, I would be perfectly happy paying around $500. Besides the fact I wish I had more neighbors who would make some noise:-) I'm content with my my apartment. I would like to stay on here as a resident for another year while I save for a house, but I am not above calling their bluff if they cant work with me as I've been a very good tenant. I plan on going to the leasing office on Tuesday to speak with them. Can anyone provide any tips or advice? Thanks in advance!