Ramit Sethi: Here's How To Negotiate Your Rent
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Published 2019-03-17
If you're renting, housing is likely your biggest monthly expense. The average rent for one-bedroom apartments across the country is around $950 a month, and in the country's biggest cities it can be significantly higher than that.
But what if you could bargain with your landlord to get a better deal? Turns out you may well be able to, according to personal finance expert Ramit Sethi.
"The single biggest expense for most people is their rent and yet they never take the time to realize you can negotiate this," Sethi tells CNBC Make It.
And now may be the best time to have that conversation. The national rent index fell slightly month-over-month for the second month in a row, ApartmentList found in its March report.
Sethi, the best-selling author of "I Will Teach You to be Rich," says that, when there's a glut of apartments, you have more opportunity as a renter to bargain. And "if you can negotiate, you can often save hundreds of dollars a month which adds up to thousands of dollars a year," Sethi says.
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Ramit Sethi: Here's How To Negotiate Your Rent
All Comments (21)
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In sales the key is to ask. It never hurts to ask because the worst you will get is a no.
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Yes always present your argument with numbers never with emotions.
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I would guess this works .1% of the time, thanks for the advice
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The title is HOW to negotiate temt, You offer NOTHING as to how to negotiate rent, You say only that you should be open to TRYING to negotiate. Clickbait. So bogus. Never again to I come to this channel.
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The landlords in the comments here are seething. This works, but it depends on the rental market of where you live. Have used these methods to save thousands of dollars while I've been a renter.
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It is ridiculous how expensive housing is, Especially in places like California.
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My complex is currently negotiating for me with the company. I think they were able to make it happen for me next year. However, I’m not hopeful this year.
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In simple words he wants us to be homeless for few months
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You guys miss titled the video how to lose your deposit and apartment
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First CNBC make it series that actually was worth it watching since it taught something valuable. All other "make it series" show (cough or paid ad money to be shown) some Paris Hilton, Kardashian rich family kids that go 1 cent richer to "make it" to a billion. What a laughable sham cnbc.
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Sixty percent of the time it works every time
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Me: You cant negotiate your rent. Me after watching this video: You can negotiate your rent! Me talking to my landlord: Can we negotiate rent? My landlord: Where are the keys to the house?
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What about negotiating a new lease? Not just your existing.
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You can pay your rent in advance and pay a lower total amount
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👍
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Or just buy a house.
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Every landlord is laughing right now. this is such a joke
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Find roommates or buy a house.
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didnt even explain how.. waste of time of a video
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Rent goes up with inflation not down. I would personally consider not renewing a lease over this and using damage deposit to fix any damages. Entitled renters lmao
