Free Month Rent
Started by NYDavid
over 15 years ago
Posts: 10
Member since: Jul 2010
Discussion about
What buildings are still offering free month(s) rent??
That train pulled out of the station 9 months ago.
it doesn't look good...
do you think we'll see them come back in the winter?
here too a few hundred either way shouldn't make you run out on to the street and spend the next 3 months finding a place dealing with the aggravation, fees, applications, new neighbors, super, noise at night, new address, new commute, packing, finding movers, moving, taking time off from work, new repair requests, and the like.
rmrmets, I'd say 4-5 months ago, not 9 months ago.
NYDavid, as you can see from another discussion, probably best to negotiate your actual monthly rent down than to count on lower net effective rents by free months.
Those incentives dried up this spring.
Many landlords refuse to negotiate the actual rent, for exactly the reason splaken cites: upon renewal, the rent rises from the higher amount. Smaller outfits are more likely to negotiate actual rent but you often can't avoid the broker fee. There's no easy solution, so you have to keep trying different things until you find an acceptable deal.
the ones that are for sale and are trying to inflate their rent rolls!