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Page 5 of 12 How to Rent from Large Apartment Communities
Property Managers at large apartment communities generally have the least ability to negotiate rent with individuals. Any discounts or concessions must be determined by “corporate headquarters” and tend to be inflexible. The reason is that their pricing and renting practices are heavily scrutinized by Fair Housing authorities, so if you ask to negotiate, they will generally repeat the party line, “if we negotiate a special deal for you, we have to do if for everyone.”
As a result, if you have impeccable credit and sterling references, you get the same deal as the ex-con with two evictions (assuming you both meet the apartment’s residency standards). Mr. Thrifty doesn’t think this situation is fair (better tenants should get better deals!), and therefore does not recommend renting from a large apartment company unless you want the specific amenities offered by an apartment (such as location, swimming pools, lease terms, etc.).
However, if you do decide to rent from a large complex, there are some things you can do to get the most for your money.
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