This Couple Shared How They Renegotiated Their Rent And It Is So Smart

    Literally going to write an email to my landlord right now.

    If you've been following the Sydney property market recently, you'll know that rental prices have been going down.

    This is usually framed as a bad thing — you know, because people who actually own houses are losing money on rent.

    HOWEVER, one very smart couple has seen what most of us could not — that renters now have some leverage to renegotiate our lease agreements.

    Paridhi Jain, owner of SkilledSmart, a money school for adults, saw the falling rental market as an opportunity to save some money on her weekly rent.

    Here's how Paridhi and her husband managed to negotiate a $20 reduction in their weekly rent.

    If you want to employ the tactics they used to negotiate your own rent, here are a few things you need to do.

    First of all, you need to prove that you're a tenant that a landlord wants to keep around long term.

    Next, research similar rental properties in your neighbourhood so you get a better understanding of how much less you could be paying.

    Finally, state your proposed terms for the renegotiation — making sure to point out what's in it for the landlord.

    Remember that saving as little as $20 per week in rent will save $1040 over the course of a year, which is money you could be spending on a holiday or car rego — or even a healthy dose of avocado toast every weekend.