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Moving to NYC - Rental help

Moving to NYC - Rental help

Old Oct 19th 2017, 11:45 am
  #1  
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Default Moving to NYC - Rental help

Hi guys,

Moving to NYC next weekend & slightly concerned about the rental market.

I have no credit rating as I am a UK citizen and my husband has been out of the country for nearly 3 years so I don't think it'll be great.

We both have employment which equates more then 40x the rental cost we are looking at.

Will we have issues finding a property without a guarantor?
What have most people done as I know i'm not the first to have this concern?

Where can we look for private rentals that are direct with the landlord?

Thanks guys slightly panicking lol
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Old Oct 19th 2017, 1:43 pm
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Default Re: Moving to NYC - Rental help

You'll be fine; just make sure you have proof of salary. At least you have credit history -
my USC wife let Citi close her accounts after 6 years in the UK which was bad!

NYC is a very fast moving market so make sure you can quickly get the deposit checks together. We ended up paying a larger deposit instead of the usual first and last months which was refunded when we renewed our 1 year lease.

The larger rental companies will work with you directly. We used a realtor, but then you're on the hook for 15% of your first years rent (ouch).

https://www.nybits.com/ is a great resource to see what's available and in your budget.

Outside of NYC, there are other rentals. I liked Bozzuto which has several great properties in Westchester (we lived at 15 Bank in White Plains for a couple years and had a great experience).
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Old Oct 19th 2017, 2:41 pm
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Default Re: Moving to NYC - Rental help

Originally Posted by jaffy23 View Post
You'll be fine; just make sure you have proof of salary. At least you have credit history -
my USC wife let Citi close her accounts after 6 years in the UK which was bad!

NYC is a very fast moving market so make sure you can quickly get the deposit checks together. We ended up paying a larger deposit instead of the usual first and last months which was refunded when we renewed our 1 year lease.

The larger rental companies will work with you directly. We used a realtor, but then you're on the hook for 15% of your first years rent (ouch).

https://www.nybits.com/ is a great resource to see what's available and in your budget.

Outside of NYC, there are other rentals. I liked Bozzuto which has several great properties in Westchester (we lived at 15 Bank in White Plains for a couple years and had a great experience).
Ahh thank you so much!
Relieved! We have the month upfront and the month deposit ready so we are ready ASAP for the right place.

I was trying to avoid paying fee's lol.. I've been looking at HotPads and Naked Apartments. Just hoping potential landlords can see we have a valid reason for a crappy credit score.

I have a letter from my employer with proof of salary and so has hubby so we should be ok!
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Old Oct 21st 2017, 3:54 am
  #4  
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Default Re: Moving to NYC - Rental help

When I first moved to NY, I lived in an AirBNB for a while to delay this problem. When I got my first "proper" apartment, I found a building that accepted Insurgent - they act as a guarantor for foreign people, at the cost of about an entire month's rent.

Note that I'm self employed (in fact, that's one of the reasons I was able to emigrate here in the first place), so it was harder for me because I had no pay stubs to show them.
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