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How to Rent a Home When Your Finances Are Low

Renting a home while your finances seem insufficient can be a very down-spiriting and difficult-to-bear experience. If you are low on funds and you urgently need to rent a place to stay, you have to know where and how to look. You will be required to aim cheaply but apart from this, you will need to understand what is the best way to negotiate with the landlord in order to receive more freedom and most importantly - lower prices.

1. Ways of finding a cheap home
To pick out a cheap house you can just go through the neighbourhood and more specifically, in the working-class regions where cheaper homes are more likely to be located. Naturally, take a good look in advertisements in the newspaper and on the Internet, where once registered you will get the information for new vacant homes immediately in accordance with the factor of cost you have input. A very easy but slightly more costly way is to get in touch with a landlord association for leads where an agent will give you lists of available homes for rent depending on your financial information.  

2.  Searching on your own or through a company
Initially, you will have to choose the way you want to search for a new home - with an appointed representative or privately, on your own. Regardless of whether you are out of money or simply have little, you need to convince the landlord or the company that you are financially stable. A management company will take quite a thorough look at your past and present finances and if they spot any evidence of financial troubles, it is most likely that you will be denied. Therefore, every company and landlord must be researched before approached.

3. Approaching the landlord prepared
The first thing to do before entering negotiations is to check in advance what are the terms and rules that the landlord has. Ask the people already living under his conditions to find out if there is any chance for you to cope with his demands and to what extend you will be able to lower the initially proposed price. Being in good relations with the landlord can be extremely helpful. Another way to approach the landlord is through a broker, but don't forget that you will have to pay additionally.

4. Fight for the place you want
To be as sure as possible that the landlord won't decline your offer, present it to him in the last possible moment when he is most likely to have no other option apart from agreeing. When you are communicating with the landlord you need to present your offer in a pleasing manner, but in the same way you need to let him know that you can't agree to anything else. Dress cleanly and display good behavior. Never lie to the landlord and therefore you should do your best at trying to convince him that past misfortunes with money will not reoccur.

5. Fight for the best price possible
Remember, a good negotiator knows every answer and every question so you need to find the balance between being straightforward and confident and being friendly and agreeable at the same time. If you do it right, at the end of the day, your chosen landlord must have believed that he has benefited from the deal he made with you. Even if the owner doesn't agree to your wishes and lower the price, keep trying to convince him to allow you some sort of a lighter payment schedule in the future. The goal for you is to eventually sign a contract that will benefit your finances as much as possible.