Is it worth asking management company to lower rent?
I'm in a situation where my income has changed for the worse (dropped by $600 a month), and I'm currently putting 70% of my income towards rent. It does not feel sustainable, and I don't want to keep relying on credit cards to bridge the gap with other necessary expenses. Living with roomates is not an option (won't go into why, just saying, "find a roommate" isn't the suggestion I'm looking for ;) )
And so, I'm considering moving. I currently spend $2450 for a 1 bedroom with parking (all utilities included, there are no other "amenities" , no a/c, no in suite laundry.....it's your very basic PBR building). There are many empty units in my building currently, and long time renters pay as little as $1600 in my same building for same size unit.
Should I inquire with my building management whether they would be willing to lower my rent before deciding to move? Is that laughable?? I'm assuming they would prefer to keep a good tenant then add to yet another empty unit.
I'm open to hearing from renters and landlords......landlords, is this something you would consider, in this market? Tenants, have you ever been successful in requesting a rent reduction?
Thank you :)