May 28, 2012

Negotiating Your Rent To Make A Fair Rental Rate


Negotiating Rent
Whether you're looking for a new place to rent or it's time to renew your lease, now might be a great time to consider negotiating your rent.

"There should always be some wiggle room, and it's worth a shot now more than ever," says Joe Ewaskiw, a spokesman for the consumer Web site ApartmentRatings.com.

How to Rent: Build Your Case

No matter how convincing you may be, the ultimate arbiter of rent is market demand. Does the property owner have many vacancies? Does he or she have other prospective renters waiting to lease the unit? Knowing what your landlord needs is the first step towards leveraging a deal. Before meeting with the landlord, gather evidence of your reliability – past rent history, proof of income, a good credit report -- whatever demonstrates stability.

Have You Successfully Negotiated With A Landlord?

We're curious to hear from those of you who have successfully negotiated with your landlord. How did you do it? What tips and tricks did you learn? Whether you were able to keep your same rent or negotiate an even lower rate, let's hear what you have to say.

Vote in our poll and leave your tips in the comments.

What's A Fair Rental Rate?

One phrase common to nearly every lease negotiation is "market rate." The landlord or property manager will cite the market rate for a particular rental property as cause for an increase in rent.

This market rate may be culled together from the prices of nearby properties or it may simply be a rate that the landlord needs to charge to make a profit. It may also be related to the cost difference in renting v. buying a house in a particular area.

Make your assets work for you

Having good credit makes your position particularly strong in the current economic climate, where many potential renters have much weaker scores, says Turman.

In Turman's case, he and his wife had owned two previous homes before opting to rent. They had good credit and income. "We put ourselves in the driver's seat and let the (manager)/landlord come to us," Turman says. "We... let them know the desirable qualities we possessed and the concessions they would have to make in order for it to work (price, utilities, etc.)"

As a result, he says, "we have by far the lowest rent of comparables in the neighborhood and love our home."

Write down your terms once you and the seller have agreed on a price. The next phase after a price has been agreed on is the negotiation between you and the seller of the rent-to-own agreement details. Include how long you want the rental period to last, such as three or five years, the highest total monthly payment amount you are financially able to pay and what level of repairs you and the seller are each responsible for. Buyers usually make the repairs in a rent-to-own agreement, but some sellers will assume responsibility for major repairs during the rental period.

Meet with the seller to negotiate the final details. Bring your real estate agent if you are using an agent. Mention any specific issues you have with the rent-to-own agreement terms and consider comprises with the seller in order to complete the deal. Contact an attorney to review the proposed rent-to-own agreement before you sign.

May 23, 2012

Become A Successful Negotiator To Get What You Want

One way or another we’re always negotiating—whether it’s with our boss for a raise, with our partner for rotation on cleanup duty, or with our kids about their curfew. The key is to get what you want, while keeping those around you happy.

Be willing to negotiate in the first place
  
negotiator
Some people are too shy to talk about money. Others think it's rude or demeaning. And in many cases they're right. However, when it comes to doing a deal - and we all have to sometimes - being unwilling to engage in "money-talk" can be a very expensive business.
  
There are a lot of experienced negotiators out there. If you're buying a house or a car, or taking a new job, you can be sure you'll have to deal with such a person. If they can see you're timid about the whole business, many will take advantage of that fact.
  
You also shouldn't be shy about turning something that may not immediately appear to be a negotiation into one. If I'm buying a few expensive things from the same store, I'll often ask them to throw something in for free or reduce the price. Just because there's no sign saying you can do that, doesn't mean you can't. Often, simply by asking for something extra I'll get a better deal.
  
Don't get emotionally involved
  
One big mistake many amateur negotiators make is to become too emotionally attached to winning. They shout, threaten and demand to get their way. This is all counter-productive.
  
Most deals are only possible if both people feel they're getting something out of it. If the person across the table feels attacked, or doesn't like you, they probably won't back down. Many people hate bullies, and will be more willing to walk away from a transaction if it involves one.
  
Here are the keys to becoming a successful negotiator.
  
The Opening: This is not a begging session, nor is it demeaning to ask for what you want. It's an honorable exchange. However, don't come in making unreasonable demands. Keep in mind that this is a give and take, and keep it respectful. Signal your intention to get what you want, but be prepared to offer something in return.
  
Know that it is not personal: This is the undoing of any meaningful strategy in a negotiation. Being emotional has no place. Fix your mind on the goal, not on how you feel - betrayed, overlooked, left out, under-compensated, unacknowledged. Anger and resentment foreclose any deal, and if you let these emotions take control, you can actually end up with less in the end.
  
Do your homework: Educate yourself beforehand. All too often, we come to the table unprepared, not recognizing that negotiating is a two-way street with both sides getting something of value. We have to convince the other side with a powerful argument, and that takes preparation. You have to research what it will cost the other side and how you can make it worthwhile. Benefitting both sides, not only saves face, but also provides an on-going working relationship that is anything but all or nothing.

May 14, 2012

The Comprehension Of Diplomacy And Negotiation Is The Understanding Of Mutually Beneficial Relations

Diplomacy and negotiation. Theory and practice in the framework of conflict studies and international relations.

The is the art or practice of conducting international relations, as in negotiating alliances, treaties, and agreements. According to Morgenthau it is the quality of a nation's diplomacy which gives 'direction and weight' to other elements of national power. Negotiation plays a focal role in dilomacy. The course will explore diplomacy and negotiation, analyzing them in a wide range of topics, from schools of thought to different ways of conceiving the role of diplomacy and negotiation in times of conflicts and peace. Essentail to the comprehnsion of diplomacy and negotiation is also the understanding of basic principles of international relations, a discipline that is presented from the point of view of approaches, from rationalism, to pluralism, to globalism, and case studies.

Diplomacy And Negotiation
The concep of conflict is also crucial to diplomacy and negotiation, this is why in the course includes the notion of prevention, of resolution and other with numerous examples, both historical and contemporary. Trying to answer the questions related to the role of diplomacy and subsequntly of negotiation, the course proposes the analysis of different circumstances, such as when diplomacy is used to provoke war, to mobilise public support, to help win a war, to avert war, to thwart attempts to avert war.

A continuous reference to the post-cold war international system will always be made, stressing upon the concepts of unilateralism and multilateralism in foreign policy. Practical exercises such as role playing in situations in which the students will practically experience aspects of diplomacy and negotiation, and a final international crisis simulation will also be carried out during the course.

Case studies prepared on both the Aceh and Kosovo negotiations by Harvard Kennedy School and Harvard Business School will be used to educate Harvard students in diplomacy and negotiation.

Ahtisaari told an audience of faculty and students that at the outset of each negotiation, he stated clearly to all sides what he thought the outcome would be - and then he gave the parties wide scope to reach that outcome. He also said he invoked his own values of fairness and justice to guide him rather than worry about meeting some impossible standard of objectivity.

Ahtisaari was awarded the Great Negotiator Award on September 27, 2010 between two panel discussions that examined his role in developing a final status for Kosovo between 2005 and 2008, and his mediation between rebels in the Indonesian province of Aceh and the national government toward the Helsinki Agreement in 2005.

The award was created a decade ago by the Program on Negotiation at Harvard Law School, and was co-sponsored for the first time this year by the new Future of Diplomacy Project in the Belfer Center for Science and International Affairs at Harvard Kennedy School.

Kennedy School Professor of Practice Nicholas Burns, faculty director of the Future of Diplomacy Project, co-presented the award and moderated the Kosovo panel. As US Undersecretary of State for Political Affairs from 2005 to 2008, Burns had been closely involved with the final status process. Burns said Ahtisaari deftly coped not only with an intransigent Serbian government but with fractious parties within Kosovo and complex dynamics involving the European Union, the United States and Russia.

Harvard Business School Professor James Sebenius, an expert on negotiation who is on the executive committee of the Program on Negotiation, moderated the Aceh panel.

"In all the places I have been involved, in Namibia, in Aceh, in Kosovo, I have known from the beginning what the outcome is going to be," Ahtisaari said. "If you don't, and you don't make it clear where you are coming from, you can waste the rest of your days."

The Group seeks to further develop research into Diplomacy and Negotiation in the Department. It is also aimed at analysing, interpreting and understanding the dynamics of foreign policy making in major, middle and small states.

The strategy for achieving these aims includes holding workshops, inviting outside speakers to present current research, and encouraging publications. We are especially keen to increase our recruitment of postgraduate students by supporting new research initiatives in the area of diplomatic studies. Prospective PhD students interested in any aspect of Diplomatic Studies and Negotiation are encouraged to contact Professor Donna Lee (d.lee.3@bham.ac.uk) in the Department of Political Science and International Studies.

When you begin a game you must first learn something about each of your opponents. Sometimes you will know quite a bit to begin with, but you can also ask people who know the opponent better than you do. You want to know if your opponent is generally reliable or not, what his objective is, whether he is a classical or romantic player, and whether or not he is good at negotiations, strategy, and tactics. (This is a controversial point, insofar as some players—usually the notoriously erratic and unreliable—say that a player’s previous record should have no effect on the game. However, the more you know about another player the better you’ll be able to predict his actions. It would require a peculiar view of life for a player to knowingly ally with someone who has never abided by an agreement in 20 games! Nor would you offer to draw with a player who would “rather die than draw”.

However much some players wish to pretend that they are really government leaders and that World War I is happening just this once, most Diplomacy players recognize that it is primarily a somewhat abstract game of skill, and act accordingly.)

Let’s consider each point you’re trying to learn about, beginning with reliability. Novice players, urged on by the rulebook introduction, usually believe that the winner will be the player who lies, cheats, and backstabs most effectively. Perhaps if you never play more than once with the same people and never acquire a reputation this would be true. But in the long run players learn to treat liars and backstabbers as enemies. Why invite disaster in an already difficult game?

Obviously, for one person to do well in a game with six others some cooperation is necessary, and cooperation is easier and more effective between those who can rely upon one another to some extent. An expert player rarely lies, and then only because the lie is likely to radically improve his position. He prefers to say nothing, to change the subject, to speak of inconsequentials, rather than lie. When he agrees to an alliance of some kind he usually abides by the agreement. By specifying a limited duration—until 190x or until X country is eliminated or reduced to one supply center—he won’t back himself into a corner which would require him to break one agreement or another. When he backstabs (attacks an ally) he stabs to virtually destroy a country, not merely to gain a few centers. The stab leads directly to accomplishing his goal, not merely to increasing his supply center total. He wants to be known as a reliable player because this will make other players more willing to cooperate with him.

May 11, 2012

Negotiation Techniques Are Critical To Establishing The Internal System

Negotiation
These negotiation techniques are primarily for sales, but apply also to other negotiations, such as debt negotiation, contracts negotiating, buying negotiations, salary and employment contracts negotiations, and to an extent all other negotiating situations. Negotiation is vital for an organization's overall effectiveness. Organizational effectiveness is a product of activities within a system - internal and external. Negotiation is critical to establishing the internal system (structure, people, functions, plans, measures, etc), and the organization's relationship to the external system (markets, suppliers, technology, etc). Negotiation is also critical to optimising the performance of activities internally and externally (principally through communication, by people).
  
Good sales negotiation - the rules of which feature below - can easily add 10% to sales revenues, which arguably goes straight to the bottom line as incremental profit. Good purchasing negotiation can easily save 10% of the cost of bought in products and services, which again arguably goes straight to the bottom line as extra profit. Good negotiation by managers in dealing with staff can easily reduce staff turnover by 5-10%, which reduces recruitment and training costs by at least the same %, as well as improving quality, consistency and competitive advantage, which for many companies is the difference between ultimate success and failure. Good negotiation by executives with regulatory and planning authorities enables opening new markets, developing new technologies, and the choice of where the business operates and is based, all of which individually can make the difference between a business succeeding or failing.
  
One of the most important skills you will need before you start your own business, regardless of what business might be, is to learn “How to” Negotiate. Now this subject could, like others in our ebook, fill an entire volume all of its own so we will keep this down to the ‘essentials’.
  
No matter what you do in your life, personal or business-wise, learning the Art of Negotiation will help you. Every time you buy a car, or a home, or even when you apply for a new job, you are going to be a
  
“Negotiating” situation. Just think about this, as an simple example. When you asked that new girlfriend out on that first date you were, “negotiating” right up until you got that first kiss, weren’t you? You didn’t know what she was thinking, she was ‘playing her cards close to her chest’ but you kept throwing out little signals, little questions (that is, if you were a gentleman) until you felt that it was time to move ‘closer in’ and ‘close the sale’ and get that first kiss with her.
  
Obviously you ladies do this in a ‘different’ way but the ‘process’ is very much the same, isn’t it? Well that’s “negotiation”. Okay – now for the more serious stuff.
  
When you go into a “commercial” negotiation you, being on ‘one side of the fence’, have in your mind (but preferably on paper as well) what you wish to achieve, be it a certain price, certain terms, timing, settlement date, quality issues and so on. We strongly recommend that you have these objectives’ written down, but kept totally confidential, so that ‘in the heat of battle’ you do not forget to cover all of those objectives. This will also help you focus, before your negotiation meeting, on what your main objectives really are.
  
These “objectives” are what is termed your “Hidden, or Secret, Agenda”.
  
Raise your BATNA, or no-deal option.
  
If you are relying on your Chinese counter-party for basic market and business information well into the negotiation then your currency is probably dropping in his eyes. Hire an assistant, or better yet spring for someone more high-powered, but do something to develop your own flow of reliable industry information. Experienced deal-makers who are based in China consider this advice simplistic, but many overseas negotiators never seem to figure out that they are getting all of their data from a counter-party who has a vested interest in keeping things as confused and opaque as possible.

 Add a new player to the mix.
  
Find an alternate counter-party or spread your risk by taking on additional suppliers or marketing channels. Don’t give away exclusivity unless you are absolutely certain you can rely on your partner – and even then its one of the riskiest decisions a Western negotiator can make in China. Once your Chinese counter-party thinks the balance of power has shifted in his favor then the relationship goes into a nose-dive. Local Chinese are always looking for a bigger & better partner – so should you.

Capitulate.
  
Give in. Do it his way. Maybe the Chinese side has a point. Maybe you are better off just giving in. After all, there’s a good chance that the right partner really does know what he’s talking about and you don’t. For the non-China expert, this isn’t always a bad option. Particularly true if your business involves marketing within China.

Walk away slowly.
  
For all their talk of harmony and consensus, Chinese negotiators are basically power-players. They respect strong counter-parties and are opportunistic & cut-throat when dealing with weaklings. If you aren’t ready to walk away, then expect to get taken advantage of. But having a Plan B isn’t enough – you have to know how to deploy this tactic in China. The best way is to be polite – even friendly – and tell your Chinese counter-party, “Well, it looks like we won’t be able to do business this time. Hopefully we’ll meet again under different circumstances. Thanks for all you’ve taught me about doing business here.” Smile and walk away – slowly. In many cases your counter-party will come back with better terms. Even if he doesn’t, you are better off making the move – provided you have already set up an alternative option.

Run away.
  
If your relationship is truly gone to hell, then your best option may be to burn your bridges and get out of there immediately. Some people are simply more valuable as enemies than friends. If your counter-party is actively stealing from you or worse – engaged in illegal or reputation damaging activities – then you are much better off being the one to terminate the relationship. Running away is different from walking away slow, because in this scenario you have no interest in keeping even a pro-forma relationship going.
  
A final option that may seem counter-intuitive is well suited for some Americans – force a conflict and make them mad. Yes, this is a risky tactic, but when all else fails you may want to try to shift the balance of power back in your favor by provoking the Chinese side. I’m talking about forcing an open conflict in a situation that you feel has gone so far out of control that the status quo in simply untenable. If pushing you around has been working for them and they consider you a weakling, then you’ll never get this deal back on track. If they want a deal with you and you show a little spine, then they’ll find a way to accommodate. Your worst option is playing the role of damaged goods in a relationship a Chinese counter-party doesn’t value.