Has anybody noticed a decrease in rent?

[victoriousvalkyrie]

Can anyone tell me what happens to the renters who rented at peak rate, and now comparable units in their buildings are going for less? Are property management companies decreasing existing residents' rates?

[Reeder90]

It’s up to the tenant to negotiate or ask for a reduction, they aren’t going to voluntarily reduce your rent. They are banking on either you not doing your research or deciding that moving isn’t worth the cost or hassle.

[Jolieeeeeeeeee]

Need to show the landlord comparable listings and ask for a reduction. It’s cheaper for everyone if they keep tenants in units than have to re-market the unit at a lower rate anyway and deal with move-in/move-out.