Renter's Frequently Asked Questions

A NYC Apartment Rental Expert Is Here For You!

Quotes...

Ability will never catch up with the demand for it.

Malcom Forbes

A bank is a place that will lend you money if you can prove you don't need it.

Bob Hope

Character is like a tree and reputation is like it's shadow.The shadow is what we think of it; the tree is the real thing

Abraham Lincoln

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Frequently Asked Questions........

 

  1. Question 1, When should I start looking for an apartment?
  2. Question 2, What is the " High Rental Season" ?
  3. Question 3, What is a guarantor?
  4. Question 4, I need a guarantor but I don't have one?
  5. Question 5, How much money will I need to sign leases?
  6. Question 6, What is a No Fee apartment?
  7. Question 7, What is a Low Fee apartment?
  8. Question 8, I'm an international student. Do I have to pay the complete year of rent up front?
  9. Question 9, What can I expect from the Apartments Expert?

Answer 1:

You should begin tp plan your search prioritizing your wants and needs and organizing your paper work about 6-8 weeks before you expect to move. If you are looking to move May 1st you should probably be researching and viewing apartments by March 15th. Typically landlords and management companies will begin to accept applications for May 1st around April 1st so you should be prepared to "pull the trigger" when you find the apartment you can call home. Some landlords and management companies will still push for April 15th occupancy at April 1st

Answer 2:

Apartment rental activity begins to increase mid March to early April and continues to increase through the summer due to high demand. During this time landlords and management companies may increase prices and be less willing to negotiate lease terms or offer concessions.  There will be less landlords willing to pay our fees so there will be less no fee apartments available particularly in trendy high demand neighborhoods. Winter months have fewer people searching for apartments so you will find the best prices, willingness to negotiate concessions and the largest selection of No Fee apartments

Answer 3:

A guarantor is a co-signer for your lease smetimes allowed if you don't meet income and credit qualifications. Landlords and management companies may have different criteria for guarantors such as requiring a guarantor be a family member or reside in the tri state area. Typically a landlord will need annual income of 80-100 times the rent.

Answer 4:

Forever what ever reason you need a guarantor but you just don't have one. We can discuss an institutional guarantor with you. An institutional guarantor works like an insurance company. For a one time premium they become your guarantor. A large number of NYC landlords accept a qualified institutional guarantor.

Answer 5:

Typically you will need the first month of rent and the equivalent of one month of rent as security. Some landlord's will require the first month of rent, last month of rent and one month of security to sign leases.

Answer 6:

No fee apartments are in buildings where the landlord's are paying for our services so you don't have to.

Answer 7:

Manhattan broker fees vary from the equivalent of one month of rent to 15 percent of the first year which is almost 2 months of rent. In most cases, If we are not offering you a no fee apartment our fee will be less than a month of rent

Answer 8:

We work better than anyone with international students so in most cases you don't need to pay the entire year of rent up front. Please contact us to discuss what we can do for you.

Answer 9:

.As a starting point, we will offer you advice and options after listening to what you are looking . We will quickly plan your search and viewings, promptly submit your complete application package and efficiently guide you towards a lease signing and move in. After attending your lease signing we will be following up with you to make sure the details of your move in are in place as part of our premier service.

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Renting FAQ

Did you know? Our Renting FAQ for the NYC renter.

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Renting Steps

The steps and timeline of renting in NYC.

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Renting Qualifications

We can advise you on finacial qualifications

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Apartment Types

Sometimes the language can be confusing.....

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International Students

We work better than any firm with international students...

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Required Documents

Be prepared and have your documents organized ...

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