I, and I believe, most landlords set their rents at reasonable market rates or sometimes lower, in the interest of attracting a good response. We are not market traders, and generally do not enter into negotiations over rent. Your analogy of rents against selling does not correlate.
I suggest you only view properties at a rent you are prepared to pay to save yourself the disappointment, and the landlord wasted time and effort in pointless viewings.
At the end of the day fate said you were not to have it. Next time you have more info to obtain the place you want. Sometimes you have to pay a little more if its the right property, no one wants to live in drug city so location is always important.
If you want to close a deal quickly and the price is right, the landlord thinks you are a good bet, my advice is have everything you need with you to close the deal on the day, References may have to be sort etc but if you have everything to hand it will save time and quicken the rental
I am not offended if someone asks for a reduction .Unless they persist. E G .I sell insulation, sometimes a customer will ask can I do cheaper? Certain individuals always ask . When they ask for the THIRD time and I always say no,. I then walk away and will not sell to them .
I even donāt get offended if they ask for reduction
but if they ask for stupid reduction and I clearly say NO straightway and tell them all the best and hope they would find somewhere what they want but if itās reasonable reduction then definitely I would negotiate and come to some agreement.
thatās some deep conversation happening between lords of rent and the humble tenants lol hey judy i hope you get the good news soon, in all fairness steve s original reply shouldnāt have been taken out of context because you asked āwhat you could do differently next time ā but my personal opinion donāt believe or trust what the agency staff tell you and always make sure that any correspondence is via email to protect yourself for the future . But i know itās not my place to say but i do agree with steve on this one. when you walk into a job interview you already have background info on the company ,open /close time , expectation , contracted hours etc and iām sure most vacancies like rentals will give u the salary banding so when u go to your first interview or second its not quite the time to dictate what your salary should be . i suppose if you were the lucky candidate they picked to work for them then u strike with the salary increase .
you kinda needed to wait for them to primarily accept you as a tenant out of the other s , thatās purely my opinion so please no hard feelings . also i think pushing 6 months rent in advance was too soon too it shows ur desperate or upto something ( iām sure ur neither ) also your setting the marker way too high for people who canāt pay that much in advance and therefore allowing bad landlords have bidding wars between tenants ( no one on here btw)
personally i would ask to meet with the land lady first talk about ur cat maybe even bring one to keep in the car to soften her heart a bit and make that first impression a lasting one .
i just rented a place and the first time i met my landlord i felt comfort and he was so lovely and easy to talk to and most of all so open and honest and with my bad ref he still believed in me and gave me a chance and i respect him so much for that but we made a lasting impression i guess or a good vibe
but good luck honestly
b x
Iāve turned down an offer of 6 months rent before now, partly because the prospective tenant didnāt give a reliable impression and there were many more applying.
But arenāt there some legal risks in taking advance rent like that?
Itās a big risk if a landlord takes 6 months advance rent and then asks for a further rent payment before month 7, but otherwise, as long as its clear in the contract that the payment represents 6x1 monthly payments for a tenancy with a monthly period, it should be fine.
i have done that, 6 months up front and then after 6 months then paid monthly. It has to be clear in the contract and always have a witness with you. Unrelated is best.
Bearing in mind the title of this thread āWhatās the best selling point in a potential tenant in a competitive market?ā. Actually you may not be in such a market unless youāre letting in an area of the UK where landlords picked up properties for a song.
Very recently the market has bounced back, at just the time when almost no new BTL landlords are appearing. Biggest issue in the South East is filtering out prospects, so long as your asking rent is half reasonable.
Best selling point ? Working .Over 40 . No ccj. No pets .No children . Not a smoker.
Hmmm, it seems to me you might be doing this the wrong way round. Your elderly parents could probably get universal credit housing benefit Ā£1,200 a month and use that to rent something. Then you could live in it as their carers.
Interesting thought. 10 years ago my mother rented privately at Ā£900/m. She wasnāt eligible for any benefits due to being irresponsible enough to have some very modest savings.
she could have transferred the savings to you or put them in a trust then got the benefits. Iām afraid this is how the system works. I rent a 2-bed ex council flat, I got many enquiries from people wanting to put their elderly parents in using UC to pay the rent but they would provide the guarantee, people earning over Ā£80k a year (they told me in the guarantor process). This is why the āsocial careā bill is on a never-ending increase, they donāt look at the resources available to the multi-generational family, just the individual old people. Another way of looking at it is that socialism, the spending of other peopleās money, will always expand exponentially as once you decide the state has responsibility then families will dump all their problems onto the state.
Local authorities and government are wise to any voluntary capital deprivation that happens within a few years of a benefits claim. They ask for historical bank statements, sometimes going back quite far. Saying the money is in a trust would be a red flag to the authorities.
You forgot, the house owning guarantor. Thatās on top of your list. Selection is getting increasingly important these days.