Rentals in NY
New York city is one of the most dynamic and fast moving cities all over the world and for this reason when you think of starting a rental hunting you need a broker's help and guidance and a lot of patience. There's no use to start searching for a place to rent if you cannot follow the bellow mentioned conditions: a social security number, stable employment history, proof of a good credit history, an income 40 - 50 times the monthly rental price and if you are a student you need a guarantor. Close in good conditions all the business you have with the previous landlords if i is the case and be well informed about the lease existing types: standard, short term rent, self-extending rent.
Once you can handle all these issues you can start effectively your apartment search. The real estate agencies are professional and trustful in most of the cases and they can ease your work. If you use the service of one you'll have to pay a commission fee to the broker which is around 13-18% of the annual rent of the apartment.
You must settle your cost limits, set rental time frame - usually it is recommended to start hunting one month before the day you want to move in-and have a clear perspective of the apartment you like to rent. Do not forget that Ney York is one of the most expensive cities all over the world. Considering your daily activities you will chose the most appropriate area you want to live in.
Since Lehman Brothers collapsed and the economy went down, real estate market of New York city changed dramatically: vacancy offer is much more high, the landlords revised deeply their conditions for the tenants and renters making them more easy and also it seems like they demand a part of the broker's commission. They treat the market on a case by case basis being more tolerant with the potential customers though they still don't have a loose attitude toward a bad payer since it takes a very long time to evict such a customer from their own apartment so the landlords are very cautious. As a customer, be careful to not be caught in the middle of the battle between he landlord and the broker, you better ask for the price politics of both sides. Good hunting!