Real Estate / Investing 101 - 7 TRICKS: How To Save A TON Of Money When Renting A Home

How to save money: Here is the BEST way to save money anytime you’re renting a home, and exactly what to look for to get the best deal - enjoy! Add me on Instagram: GPStephan Merch: http://www.GrahamStephanStore.com/ GET $50 OFF FOR A LIMITED TIME WITH COUPON CODE: THANKYOU50 The Real Estate Agent Academy: Learn how to start and grow your career as a Real Estate Agent to a Six-Figure Income, how to best build your network of clients, expand into luxury markets, and the exact steps I’ve used to grow my business from $0 to over $125 million in sales: https://goo.gl/UFpi4c Join the private Real Estate Facebook Group: https://www.facebook.com/groups/therealestatemillionairemastermind/ Step One: Make a list of MUST-HAVES that you cannot live without. This is going to become your base search from which you’re going to look at rentals. Step Two: See AS MUCH AS YOU CAN on the market. It’s important to know your options, understand the going rates, and this is how you can find the best deal. Step Three: When it comes time to submit the application, MAKE SURE YOU HAVE EVERYTHING PREPARED AHEAD OF TIME. Step Four: Negotiate the price and terms! First, offer 5-10% off the rent and see if they go for it. Second, if they don’t go for that, offer to move in sooner in exchange for a discount on the rent. From a landlord’s perspective, every day the unit sits empty is a day of lost rent - so it helps to sometimes break it down for landlords that aren’t thinking of this. Third, if a landlord is ABSOLUTELY holding out for their price, see if they’re willing to give you a some free rent. This does two things: one, you end up with a slightly lower price when you average it throughout the year, and for them, they get their asking price. Fourth, you can offer to pre-pay a few months ahead of time - and landlords love this. Sometimes strategies like this work well for a landlord who just wants the peace of mind that they’ll get paid on time. Fifth, negotiate a lower price by signing a longer term lease and locking in your rent long term. This means the landlord CANNOT raise your rent the second year, and you can negotiate these terms ahead of time Step Five: Review the lease agreement. GET EVERYTHING IN WRITING. In addition to that, you’ll need to read through the entire lease agreement word by word to make sure there’s nothing out of the ordinary. STEP SIX: Before you move in, TAKE PICTURES OF EVERYTHING. This is to document the condition so you aren’t held responsible for any existing damage. STEP SEVEN: Make sure you GET RENTERS INSURANCE. This is separate insurance that covers YOU and YOUR BELONGINGS in the event of damage. Seriously, DO IT - ALWAYS. And FINALLY, STEP EIGHT: SMASH THAT LIKE BUTTON! :) For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com My ENTIRE Camera and Recording Equipment: https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB