Rental Basics in New York : Advice

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Terry Bell, Real Estate Pro in Santa Rosa, CA
Terry Bell answered:
Best to move to NYC in July, August or September? How significant is the difference?
I would contact several rental agencies or realtors to get an idea of their take on the market situation. The rental agencies, would know what tenants are giving notice, so they would b ... more
0 votes Share Flag Sun Jun 14, 2015 Rental Basics in New York
Terry Bell, Real Estate Pro in Santa Rosa, CA
Terry Bell answered:
Best places to rent and commute to Downtown NYC
Well, I agree with Kathy! You don't want to drive. I grew up in Westchester County north of the city in Yonkers and Bronxville, and the commute on the NY Central was about 30 min. to ... more
0 votes Share Flag Sun Jun 14, 2015 Rental Basics in New York
Michelangelo…, Real Estate Pro in 11414
Michelangelo Vasco answered:
Should a rental broker be paid the commission in her personal name or to the broker's brokerage firm? Please adviseThanks.
New York State real estate law states a commission can only be paid to the brokerage who will of course pay the agent according to their contract with the company.
0 votes Share Flag Fri Mar 27, 2015 Rental Basics in Financial District
Beckypaz, Home Buyer in New York, NY
Beckypaz asked:
Hello, I'm currently looking into renting a 1bdroom apt by April 1st no later then May1st, it's going to be for 2 ppl. Both credit is fair My price range is preferably 1300 with at least gas included. If not my MAX rent is 1500 considering all utilities. If anyone has any insight it's greatly appreciated.
0 votes Share Flag Wed Mar 25, 2015 Rental Basics in New York
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
If a broker made an appointment at an open listing, but did not show up in person to show it, am I legally obligated to pay him 15% if I take it?
If you have no signed agreement you owe no commission. Since the agent did show you other apartments perhaps have a discussion and ask him/her the question....
0 votes Share Flag Sun Mar 22, 2015 Rental Basics in New York
Steven Riddle, Real Estate Pro in 10023
Steven Riddle answered:
Brokers fees - landlord side
Id say refer to your words and any contract that you have in place with that agent.
Also remember, Agency is a relationship.
I'd also ask, did the agent's advertisement cause or crea ... more
0 votes Share Flag Thu Feb 26, 2015 Rental Basics in New York
Max Galka, Other/Just Looking in New York, NY
Max Galka answered:
When is the best time to look for an apartment in NYC?
Here is what the data shows:

- Apartments stay on the market for longer during the winter
- The number of available listings is higher in the summer
- The rental pricing can be as ... more
0 votes Share Flag Sat Feb 21, 2015 Rental Basics in New York
Max Galka, Other/Just Looking in New York, NY
Max Galka answered:
Brokers via Apartment Search Websites
I would think that working with a different agent for each viewing (rather than with a single agent you trust), would increase the chance of having a bad experience. As long as you do ... more
0 votes Share Flag Fri Jan 16, 2015 Rental Basics in New York
Philip Banks, Real Estate Pro in New York, NY
Philip Banks answered:
Rentals in NYC and commissions
The listing agent determines the fee. The split is 50/50. However, the renter's agent is permitted to offer the renter a rebate on part of the fee, in which case the listing agent wil ... more
0 votes Share Flag Thu Jan 8, 2015 Rental Basics in New York
John Anthony…, Real Estate Pro in Melville, NY
John Anthony Franco answered:
Feps 5 year time limit
be more specific about the feps time limit
0 votes Share Flag Thu Jan 8, 2015 Rental Basics in New York
Christopher…, Real Estate Pro in 10591
Christopher Pagli - ABR, GREEN answered:
Will anyone rent to me?
Typically the guarantor will work fine. If they are well qualified and all information can be verified then it doesn't matter where they live. Good luck with the move!

Chris
0 votes Share Flag Mon Jan 5, 2015 Rental Basics in New York
Mike Lintro, Home Buyer in Provo, UT
Mike Lintro answered:
If a psychiatrist lives in a rental building, can they rent another one-bedroom apartment in the same building and use as an office?
It really depends on the zoning in the area. If you go to your city, you should be able to find out if businesses are allowed in that area. If not, then it may be against the law. http: ... more
0 votes Share Flag Wed Oct 8, 2014 Rental Basics in Upper East Side
Randy Tanner…, Real Estate Pro in Wellington, FL
Randy Tanner & Lindsey Racher answered:
Are landlords required to have the carpet professionally cleaned between tenants?
It is not a requirement, but it is kind of a given. When I work with tenants I always tell them to clean the carpets and when I am working with tenants I always tell them to put in the ... more
0 votes Share Flag Thu Sep 25, 2014 Rental Basics in New York
Thomas Moser, Real Estate Pro in East Northport, NY
Thomas Moser answered:
Can a renter use multiple brokers when searching for an apartment? Is this unethical? Must you reveal that you are working with more than one?
Unless you signed an Exclusive Buyer Broker Agreement you are free to work with as many brokers as you want.
0 votes Share Flag Thu Sep 18, 2014 Rental Basics in New York
Michael Druc…, Real Estate Pro in 10022
Michael Druckman answered:
who pays realtor for commercial real estate in New york city?
In Manhattan, the commission is paid by the landlord.
0 votes Share Flag Mon Sep 15, 2014 Rental Basics in 10022
deb630, Real Estate Pro in 10010
deb630 asked:
OP Commissions in NYC - when are they earned? I'm a real estate broker in NYC and I rent apartments for a landlord that pays a one month OP ( Owner Pays - one months rent for the commission. This landlord typically paid the commissions…
0 votes Share Flag Wed Sep 10, 2014 Rental Basics in New York
Jasmin, Both Buyer and Seller in Jersey City, NJ
Jasmin answered:
Hello, Do all apartments in NY have income restrictions or require a guarantor to move in? (searching for a studio)
Hi,

I've lived in every borough (with the exception of Staten Island), and most large buildings have income restrictions. Smaller buildings and family homes (this is mostly in Queen ... more
0 votes Share Flag Fri Aug 1, 2014 Rental Basics in New York
Neslihan Kir…, Real Estate Pro in New York, NY
Neslihan Kiraz answered:
what exactly do i need to know or have in order to rent an apartment especially if you are not from new york but you wish to move there?
Hi Josette,

I'd say you should know the application process, requirements, neighborhoods, working and finding a good broker if you don't have a lot of friends in NY. Ah and you need ... more
0 votes Share Flag Sun Jul 27, 2014 Rental Basics in New York
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