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Thrifty Commandments
#13: Sometimes the lowest price isn't always the lowest cost
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Article Index
Guide to Thrifty Rent
Have a Clean Credit Report
Be an Ideal Renter
Negotiate Your Rent
How to Rent from Large
Apartment Communities
Ask for Cash Rebates from
Apartment Locators
Negotiate with Apartment
Locators
Get Apartment Rebate Promises
in Writing
Look for Other Sources of
Rent Cash Back
Sign a Long-term Rental Lease
Calculate What Rent You can
Afford
Beware of Extras Rent Charges

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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