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Samsmom, from other posts you've made I assume you're paying rent in the 3-4K/month range. These are upscale homes. How telling is it that two upscale homes are both for rent across the street from each other?
On the east coast this just doesn't happen. First of all, upscale homes above $500K selling price just aren't available for rent, period, much less 2 on the same street.
Look out below... I would say every house in the neighborhood has a high risk of foreclosure in the next year.
permanent_marker
2010 Feb 18, 3:35am
getting a rent reduction without signing/extending a lease probably WONT work. Remember it is a give/take. HE gives you a lower rent, you give him some security for the next few months.
What you can DO is negotiate the lease terms. HE says 1 year, you say 6 months. You will probably agree some where in the middle. THat is waht I did. signed a 8 month lease :-)
good luck
@Ptipking222
Smaller apartment complexs, run by one person might be smarter at rent divergence, but not the larger ones. They just use simple programs to keep their places rented at the maximum possible. I was talking with one before and they had a unit for like $1200, by the time I got there, the last unit was now $1500. They said if I did a 15 month lease it would drop to $1400 because their computer program deemed that the best lease. Longer leases, cost more! I'm guessing the program was figuring out when people were likely to move, and when all their leases ended, thus they were trying to keep a steady stream of vacancies vs one month having half the building empty out. They jacked up the rent for the last unit because they knew the chances of having it rented at that price were pretty high now, and they had less to lose. For them it's a computer program. They figure out how to really maximize their returns! And offering discounts only when they absolutely have to!
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We have been renting the same house for the past 2 years, and we have been month to month the past year. In the meantime, rents have plummeted in my area. We asked for a rent reduction last year, and they offered $200 if we resigned the  lease. We preferred to stay month to month.Now a house identical to ours....even nicer.... has come up for rent across the street for $300 less per month. I emailed them to see if they would take another $200 off the monthly rent, and waiting to hear back. This means I would get the same house I am living in only nicer for $500 less per month.I am waiting to get the deal in writing then submitting it to the owners of my house to ask for a reduction, but I don't want to sign on for another year here. Oh...the security deposit on the house across the street is less than 1/2 of what mine is here as well.Anyone have any ideas how to get a rent reduction in my current place without another year commitment or should we just suck it up and move across the street to save $500 per month on rent? It seems like a no brainer to get the savings, but moving is a hassle.