Renting NYC


GUIDE TO RENTING AN APARTMENT IN NYC

When it comes to NYC, this can be pretty confusing either if you are looking to rent in or when renting out. Co-op’s, condo’s, managing agents, viewings and/or open houses, there’s a lot to keep track of. It can be confusing and complicated if you are not accustomed to it all. We take great pride in being experienced in this and as thus, able to simplify it for you.

It’s already yours?

For Owners looking to fill potential/current vacancies , our team will analyze your space and determine the most successful strategy to rent it in a timely fashion. We provide this analysis as a courtesy following any initial visit to meet and view the property. Should you decide to list with us, we screen all potential tenants and present the best options for the preservation of your home to a sub-lessor. You will get the personalized attention from us that larger companies simply can not match!

You need it?

There is an old expression, “An ounce of prevention is worth a pound of cure.” Our experience has taught us that people who do their homework by spending time familiarizing themselves with the rental process beforehand, and making the necessary preparations, have the most success and the easiest time.

There are two crucial steps of preparation. The first is gathering the proper documentation. Many people have missed an opportunity to live in their dream apartment because time was wasted chasing down the proper paperwork. The other crucial step is discussing your financial and pet situation with your agent. Time and energy will be wasted if, for example, a bad credit history or a 75-pound dog is not brought to your agent’s attention from the beginning.

Whether applying for an apartment in a rental, co-op or condo building, you will most likely need the following documentation at a minimum. We have simplified it so that you can start gathering the documents you need NOW.

In this ultra-competitive market, timing and preparation are what seal the deals. Before you even go on a viewing tour, you can be prepared and ahead of the pack!

  • Letter from employer stating position, salary and length of employment (or start date if you have not yet started), and any information regarding bonus, guaranteed or otherwise.
  • Last two pay stubs
  • Last two years’ tax returns
  • Last two months’ bank statements
  • Name, addresses, and phone numbers of previous landlords
  • Two personal reference letters
  • Two business reference letters
  • Verification of other assets such as real estate, securities, etc.
  • Photo identification (driver’s license, passport, etc.)

If you are relocating from outside of New York, prepare your funds ahead of time. Landlords will not accept personal out-of-state checks. Bring traveler’s checks or certified bank checks in amounts sufficient to cover two months’ rent, any brokerage fees, a credit check fee, and any additional fees such as a move-in/move-out fee or building application fee.

Once your personal and financial documentation is in order, you will then be prepared to view and select prospective apartments. Remember, your agent can provide you with a wealth of information to assist you in making an informed decision. Ask plenty of questions about neighborhoods, building types, public transportation access, or anything else that might be of interest to you.

Once you find a home that suits you,  submit documentation, you must fill out an application and pay an application fee. When your agent has all of this, a credit report and reference check will be done.

Upon final confirmation, you will be asked to sign a lease and settle any outstanding applicable fees. Once the lease is finalized, we can continue to help you in your relocation. Ask how any of our affiliates can be of service to you.

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