Renters HAVE Budgets Too! Expecting Landlords to Take Them into Consideration is UNrealistic!

Reblogger
Real Estate Broker/Owner with South Florida Real Estate & Development, Inc. BK3027955

The wisdom and experience of a great property manager and/or realtor is invaluable to any landlord. We know how to deal with applications and negotiations before the landlord even knows he or she has a new prospective tenant.

Original content by Wallace S. Gibson, CPM

I just showed a vacant townhouse to a man who is buying a business in the area and needs to move his family within a few weeks.

He has viewed the property online and I met him at the property at 11A today and showed it to him...VERY CLEAN, he says!  VERY CONVENIENT to his new job, he says!  VERY GOOD LOCATION for his family and small son, he says!

.....and * wait for it * the rent is OUT of his Budget.  I asked what his budget was and he said he wanted a $100 per month reduction.  I SMILED as I advised him that in 2 months, the rent would INCREASE $200 per month if the property was available this summer.

This is a man who drove 3 hours from his current home to see the unit.  He has known the rental price range since he first saw my sign on the unit almost a week ago.  He has seen the unit online, talked to me twice and made a viewing appointment.

If he could NOT afford the unit, he sure has WASTED a lot of his time, ga$ and energy.  He then tells me he is looking at another unit and I provide him with application paperwork for he and his wife to complete if they want to rent the property.  The other unit is smaller and older that the unit I represent. 

If he wants to proceed with renting the unit at the current rent, he needs to do so ASAP.  I'm showing it 2X on Saturday.

Wallace S. Gibson, CPM * GIBSON MANAGEMENT GROUP, Ltd.

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Comments (6)

Patt M. Judd
First Realty Company - Cookeville, TN
Realtor - Your Cookeville Connection

Nicholas,I happen to agree renters have rights to. So renter hang in there stand up for your self. thanks for sharing

Mar 28, 2011 10:47 AM
Broker Nick
South Florida Real Estate & Development, Inc. - Coconut Creek, FL
Broker Nick Relocation Broker Service

Patt - I totally agree with you - renters have more rights in America than some Landlord rights. Having said that, renters should be aware that properties come available on a first come first serve basis - if it is what renters want - put an offer on it - fill out the application and get want they desire.

Mar 28, 2011 12:38 PM
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

Thank you for the REblog Nick * Renters have rights and while I appreciate someone wanting to negotiate, wanting a landlord to take less money because of some arbitrary "budget" is unrealistic.  If they can not afford or have not budgeted for a home renting for $1,300 per month, then do not look at them.....the problem is SHE liked this home

Mar 28, 2011 02:06 PM
Broker Nick
South Florida Real Estate & Development, Inc. - Coconut Creek, FL
Broker Nick Relocation Broker Service

Wallace - I don't see that as a problem - lol

Mar 28, 2011 02:15 PM
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

I'm sure there are places that rent is negotiable but not here in our area where there is a sever housing shortage. The person not only wasted many of his own resources he also wasted yours.

Mar 28, 2011 03:51 PM
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

Patt * It's not about Renter's RIGHTS, it is about KNOWING the rental market BEFORE you attempt to negotiate yourself out of the rental home your WIFE really wants for her family.

Mar 30, 2011 11:21 PM