Rentals in Plano>Question Details

Gina, Renter in Plano, TX

This summer I will be looking to move into a rental home in Plano, Richardson, Frisco, or McKinney in Tx.

Asked by Gina, Plano, TX Wed Apr 24, 2013

I would like to know if home owners like a long lease (ex. 3-4 yrs) rather than one year. Also, if I sign a longer lease would the owner be willing to lower the rent. Thank you.

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Dear GINA
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0 votes Thank Flag Link Wed Apr 24, 2013
Hi Gina,

It will all depends on the landlord. But 2 years will prob be the lease term you can get. Expect to get it down maybe 50 bucks if you are lucky.

You can visit my website at http://www.findyourtexashome.com/leasing for properties in the area

Thanks

Dixon
Realtor
http://www.findyourtexashome.com
0 votes Thank Flag Link Wed Apr 24, 2013
In this market some people may sign a longer term lease normally about 2 years is about the max. There may be price increase built in for the second year. I'd be surprised if anyone signs a 3-4 year lease. Possible, but not likely.

I've seen nearly no discounting of rent the past year or two. It was common 3-4-5 years ago. Maybe $50-$100/month depending on the price and lease term. Now we do see tenants bidding over the lease price to try to tie it up. This has been going on for about a year. Many properties will get multiple applications.

You can see rental homes at this link:
http://www.metroplexhomesalesinfo.com/listings/propertytype/…
0 votes Thank Flag Link Wed Apr 24, 2013
Bruce Lynn, Real Estate Pro in Coppell, TX
MVP'08
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Gina,

It depends on the landlord. Some may be willing to give you a break in the lease if you sign a longer lease contract, some may not since they'll be tied up with the same lease amount for a long period of time and leasing is a hot market.

Let me know if you need assistance in leasing, I specialized in North Dallas.

Take care,
Susie Kay, Realtor®
GRI, CHMS, SFR
Residential/Commercial/Investment
English-Indonesian-Hokkien
------------------------------------------------------------------
United Real Estate
III Lincoln Centre, 5430 LBJ Freeway #280
Dallas, TX 78240
469-371-2899
susie_k@att.net

http://www.dfwdreamhomes.net

Servicing your real estate need is my priority!
0 votes Thank Flag Link Wed Apr 24, 2013
Gina,

From what I have seen with the rental market constantly changing it is not as common for people and home owners to originally sign a 3-4 year lease. A 2 year lease is more common and depending on the home owner they can be willing to lower the rent for a 2 year lease depending on your how good you application is. (credit history, rental history ect). Every property is different and it all depends on the individual home owner. I would be more than happy to assist you in your search for a rental home and my services are at no cost to you. If you would like more information or have any more questions feel free to email or call me anytime! You can also check out my website.

Kristin Sohn
RE/MAX Performance Group
214.250.0433
Kristinsohn@remax.net
http://www.kristinsohn.remaxtexas.com
0 votes Thank Flag Link Wed Apr 24, 2013
Every owner is different. Some do prefer longer lease terms and some will take a little (very little) like $25-$50 a month. Many don't or won't. That said, the market is now a lot different and owners don't need to reduce their rents because there are so many applicants and not so many for lease. Again, every owner is different. If I can help you start your search, contact me by phone, text or email. Thanks.
Robbin Smith, Keller Williams
Robbin@robbin-smith.com
Web Reference: http://Www.robbin-smith.com
0 votes Thank Flag Link Wed Apr 24, 2013
I would be glad to help you find the property you are looking for whenever you are ready to move.

Let me know

(214) 686-1507
andrew.smith@coldwellbanker.com
0 votes Thank Flag Link Wed Apr 24, 2013
In a strong rental market landlords are unwilling to lock in more than 2 years because rents will continue to rise and it would be lost revenue for them. Since we have an active leasing market at the moment you may be able to secure a 2 year lease, but it is unlikely the rent can be negotiated downward. At least with a 2 year lease you'll have the assurance that the rent won't go UP during that period.
0 votes Thank Flag Link Wed Apr 24, 2013
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