For most of us, our biggest expense is our rent. Sometimes even those of us with great jobs will feel like we never have as much money as we could thanks to the expensive rent checks that we have to write each month. While paying rent is an inescapable part of life, your rent doesn't have to be a huge burden that makes you feel like you're struggling financially.
If you want to spend less money on rent and start spending more money on the things that bring you joy, then keep reading this guide on how to save money on rent each month.
A lot of times, people erroneously believe that their rent price is set in stone and not up for negotiation. This is true of new and luxury buildings where demand is high, but not true for older buildings. If you've been renewing your lease consistently for years, you might be able to negotiate your way to a lower price. Landlords like having reliable tenants who they know they can trust and it's often worth it to give tenants like these a discount. Ask your landlord about reducing your rent the next time you meet to resign your lease.
Become A Live-In Property Manager
Property managers enjoy free or discounted rent in exchange for their labor in the building. A property manager is responsible for shoveling, raking, light housekeeping of common areas and hosting open houses on Sundays. If you think that you'd be able to handle the workload, submit your application to some Phoenix property management firms.
If you suspect that your rent isn't in line with similar properties in the area, then it might be time to move. Sadly, some landlords set their rent too high and refuse to negotiate, not even with responsible tenants who've lived in the property for years. Moving is a hassle, but if it will save you a significant amount of money, then it might just be worth it.
You shouldn't have to spend all of your hard-earned money on rent. If you follow these tips, you can reduce your monthly rent and have more money for the things you love.