Yes, The Rent Will Eventually Go Up So Be Prepared!

Pennygem

Rents across the country dropped during the pandemic but they’re on the rise again. There are a few things you can do to get ahead of this come renewal time. PennyGem’s Johana Restrepo has more.

Transcript

00:00rents across the country dropped during the pandemic but they're on the rise again here

00:08are a few things you can do to get ahead of this come renewal time the new york times recommends

00:14you start by doing your research check if your area is regulating rent increases compare your

00:21renewal rate with rents in your area find out if your building is offering concessions on other

00:27units see how long vacant units have been available learn as much as you can about the landlord so you

00:35know what to ask for because their willingness to negotiate will depend on the bottom line

00:41if you're a good quiet tenant you can highlight the benefits of having you as a neighbor and tenant

00:46if your landlord has vacancies cnbc recommends you ask them for a concession or discount in exchange

00:53for spreading the word and getting people to rent their units you can also offer to sign

00:59a two-year lease in exchange for a discount

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