Renting in NYC: It's a Different Bird!
Me vs. My Competitors (My Rental Listings)
New York City living can be exciting as well as affordable although, sometimes, we may trade location for square footage, entertaining space for more closet space or nearest subway stations for parking garages. Still, living here is like living nowhere else!
Renting or buying real estate anywhere is many times more about your gut feeling than about numbers and floor plans. Go with who and what your gut tells you to!
Now, the very best gift you can give both of us is being prepared. Have all your pertinent documents ready and photocopied when we meet to view apartments. I seldom show any apartments unless my client is ready to go. A great deal seen in the early morning can be gone in the late morning. The competition in the NYC rental game is fierce so you must, must, must be ready to make your move; NOW!
We can begin or end our search with 'no broker fee' options but please keep in mind that most of the affordable (under $3,000 per month) apartments have a broker fee tied to them. While some brokers are notorious for fee gouging, others take a different approach quite alike me.
Look at the chart I created below and compare me on FEE apartments against others brokers. I promise you that I will try my best to make your search a fun experience and I will also try my best to save you as much money as I can!
| Monthly Rent: | $1,500 | $2,000 | $2,500 | $3,000 | $3,500 | $4,000 |
| Yearly Rent: | $18,000 | $24,000 | $30,000 | $36,000 | $42,000 | $48,000 |
| 15% Broker Fee: | $2,700 | $3,600 | $4,500 | $5,400 | $6,300 | $7,200 |
| vs. My Fee: | $1,500 | $2,000 | $2,500 | $3,000 | $3,500 | $4,000 |
| YOU SAVE: | $1,200* | $1,600* | $2,000* | $2,400* | $2,800* | $3,200* |
*I give extra discounts for preparedness and when you apply on-the-spot! J
Getting Yourself Prepared
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Key Docs You Need
·Copy of your most current state identification card
·Copies of paycheck stubs for most recent 2 pay periods
·Copy of an employer reference letter
·Copies of last 2 years corporate tax returns if self employed (all pages)
·Copy of last 2 months asset statements (bank, 401-K, retirement, etc. - all pages)
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