Renting in Manhattan
#1
Forum Regular
Thread Starter
Joined: May 2007
Posts: 65
Renting in Manhattan
Can anyone give me advice on renting in Manhattan. I'm a little worried about our lack of credit history - will this be a problem? Does anyone have experience of getting their first apartment in NCY? Any tips? How did you gat around the lack of credit history issue?
Any advice would be much appreciated.
Any advice would be much appreciated.
#2
Re: Renting in Manhattan
As with most places, depends on who you rent with, go private and they probably won't do a check, but through a realtor or condo, they might....but a large enough deposit will always work, but your looking at first/last + deposit to secure a place anyway, and that's enough cash to keep anyone happy.
#3
Re: Renting in Manhattan
Craigslist is a good place to start.
Something to watch out for in NY is the 'agents fee' for rentals. You basically have to put up 50%-100% rent as a 'fee' to the agent who shows you the rental (it sucks). You'll see some ads listing 'no fee' so that is what they are talking about.
Bob's advice is good--seek out the private people renting rather than the big public companies which will do all sorts of credit checks.
Something to watch out for in NY is the 'agents fee' for rentals. You basically have to put up 50%-100% rent as a 'fee' to the agent who shows you the rental (it sucks). You'll see some ads listing 'no fee' so that is what they are talking about.
Bob's advice is good--seek out the private people renting rather than the big public companies which will do all sorts of credit checks.
#4
Mr. Grumpy
Joined: Jun 2003
Location: Nashville, TN
Posts: 3,100
Re: Renting in Manhattan
As with most places, depends on who you rent with, go private and they probably won't do a check, but through a realtor or condo, they might....but a large enough deposit will always work, but your looking at first/last + deposit to secure a place anyway, and that's enough cash to keep anyone happy.
#5
BE Forum Addict
Joined: Oct 2004
Location: The Big Apple
Posts: 1,834
Re: Renting in Manhattan
friend of mine just came out and even with his employer as guarantee he had trouble - there was a lot of competition for the flats he was going for and he always seemed to lose out and I think he paid an application fee each time!