How negotiable are rental prices right now?

[Cyberman]

As a landlord I'm in no hurry to let if offered a lower price, I can afford to wait until something comes with the right price. If you were paying £260 on a mortgage and letting it for £600 a month, would you not do the same?

When we first advertised a number of people came round looking we just let them bid against each other - took about 10 minutes.

In the end we did not go with the highest offer but the couple both in full time secure employment, who seem nice enough. It's not always about the money. The house let was our first home and we want to ensure it's looked after.

Yep, it's worth taking a lower rent that is pretty much guaranteed to be paid than a higher rent that defaults. The quality of tenant and good references are paramount because you also want your house returned in tip-top condition.