All Forum Posts by: Dan Marl

All good valid points.  So next time, just tell them I am a property manager, not an owner.  What are the pros of doing this? 

 My rent is not the highest or the lowest - about in the middle.  When they ask for a discount, they just say "can you lower the rent" or the other places is this much, why isn't yours" etc.  I tell them because mine is a newer home which is why it is $50 more.  

Great advice Kerlous.  Thank you

Hi Wesley, thank you for your thorough explanations.   I am having trouble finding qualified tenants and it's exhausting and discouraging.  If the lease is under 12 months, I dread going through this process again :) 

But your MTM strategy does make sense.  

I heard there are companies in Canada that does the same thing like rentprep and zillow.  However as a non-Canadian citizen, I am not sure if you are allow to create accounts at those companies. 

If a tenant wanted a shorter lease (7-10 months), then month to month, is it worth it?  Has anyone done this?  Would you increase rent on the lease?  Then increase it again on the month to month part?  How many months ahead should they give notice?  

Thank you Joe!

 My rent is a little lower than market.  They are not giving me a number, just asking me if I can lower my rent. I think it's just part of their negotiating practice as others don't ask.  

You are correct about the lease ending during winter months as most people are busy with Thanksgiving, Christmas, New Years.  Good idea about telling them my requirements before running the credit report and giving them a discount. 

I never had this before but two potential tenants is asking for lower rent.  They saw the house, but I haven't ran credit/background/income check on them.

How do you guys deal with this?  Should I tell them I need to run the credit/background first before I can reconsider?  I am willing to lower rent if they have good credit/background/income.  One asked for lower rent with an 18-month lease.