Looking to rent in Irvine: Can I negotiate lower rent due to Covid19? (Orange: real estate market)

[c2002]

Looking for a house with 3 bedroom 3 bath. These are currently listed on Zillow as around $3,200 to $4,000.

I heard the real estate market is slow right now because people are not spending money or going to open house.

Is there a similar slow down in the rental market as well? Should I try to haggle? If yes, how much discount should I ask for?

[Electrician4you]

Sure. Haggle. Get as much discount as you can get. I had a tenant who did just that before they signed a lease. They negotiated 4 month of 12 months lease for a 20% discount. With the offer of 4 month paid upfront. I readily agreed. She didn’t use the CV19 as a reason. She simply made a proposition. Didn’t try to make a stupid offer. And belive me I had applicants who thought I wold be doing 40% discounts with two year leases. Those were easy to decline . I liked her, she was well qualified and I would be a idiot say no. But I’m a private LL and I don’t need corporate approval

[c2002]

Originally Posted by Electrician4you

They negotiated 4 month of 12 months lease for a 20% discount.

Hey buddy. I see your name a lot here, and I think you've helped me a bunch of times in the past. Thanks for your answers!

When you say 20% discount do you mean 20% off for the 12 months or the 4 months? I do like the strategy of pre-paying. It is something I'm prepared to do.

What's your prognosis on the OC rental and real estate market? Do you think there's going to be big changes soon?

[kauaidooley]

I would think that landlords would have to be very careful about who they accept as new renters due to the situation of renters not paying the rent, and living for free and cannot be evicted. Then, leave after all the legal procedures to evict are concluded. this is after several months of no rent / lease payments.

If you can qualify, and make an honest and sensible offer, and have cash up front, I would imagine the landlord will earnestly try and work with you, as they do not need more flakes and scammers.

We do not see the monthly rents dropping much, but it has been a very short time since all this charlie one niner has been
evident here in Orange County.

We rent and our lease was due to be renewed, and they jacked up the monthly 150.00 per month, we countered and had it reduced to a more fare amount. We are at the beach, pool, bbq, jacuzi, fitness center, tennis court, etc, and we had to figure in the cost of moving, and deposits, etc.

But we are under the fist of a large corporation, and that is not a good situation. A private owner sounds like the best
situation for a long term lease.

We will be looking several months ahead before this lease expires. And would like a condo, or small plex for a long term lease next year.

We just want a good owner matched up with a good property. Those are hard to find, since the tenants are staying put and not moving.

Our ideas only .