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Renting in Manhattan

Renting in Manhattan

Old Aug 9th 2007, 8:31 pm
  #1  
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Default 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.
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Old Aug 9th 2007, 11:09 pm
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Default 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.
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Old Aug 10th 2007, 12:40 am
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Default 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.
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Old Aug 10th 2007, 2:44 pm
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Default Re: Renting in Manhattan

Originally Posted by Bob View Post
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.
thats about $35k isn't it? LOL
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Old Aug 10th 2007, 3:14 pm
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Default 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!
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Old Aug 10th 2007, 4:14 pm
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Default Re: Renting in Manhattan

Originally Posted by BritGuyTN View Post
thats about $35k isn't it? LOL
hehe...probably

though I got my employer to pay all mine in the relocation, but it weren't nearly that expensive
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