Rental Basics in New York : Questions & Answers

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Martina Ryan, Real Estate Pro in Queens, NY
Martina Ryan answered:
How can I find a place without current employment?
Try offering to put some extra months of security down or pre- paying for a portion of the year.
0 votes Share Flag Fri Jul 20, 2012 Rental Basics in New York
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
We are closing on an investment condo in downtown Manhattan in 10 days or so. To rent it out, we plan to sign an exclusive marketing contract...
Duration of the listing agreement is negotiable, therefore discuss with your agent.....
0 votes Share Flag Wed May 29, 2013 Rental Basics in Lower East Side
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
Is it common for a landlord to request a deposit to be held in trust by RENT.com, before the prospective tenant can view the apartment ?
Always verify ownership before exchanging any money; no reason for a deposit if you haven't seen the unit, nor have an agreement in place....
0 votes Share Flag Sat Jul 14, 2012 Rental Basics in New York
Tina Lam, Real Estate Pro in San Jose, CA
Tina Lam answered:
Paying for rent with loans, no cosigner.
If you are able to pay for a whole year of rent at once, then I find it hard for any landlord to object, since that alone obviates the need for credit. But, given that you're looking f ... more
0 votes Share Flag Thu Jul 12, 2012 Rental Basics in New York
Veronika Baba, Real Estate Pro in New York, NY
Veronika Baba answered:
I want to invest in NY as a rental business owner. Which is a safe area and has good schools?
Hi Ramika!
If you are looking to buy a rental property the best area is close to NYU in West village or East Village.
Those are the most desirable areas for students, and you can get ... more
0 votes Share Flag Thu Jul 12, 2012 Rental Basics in New York
Arthur Ungie…, Real Estate Pro in New York, NY
Arthur Ungie Golden answered:
who pays realtor for commercial real estate in New york city?
The norm is for the owner to pay the commission but just like residential, everything is negotiable.
I have found that smaller owners are usually the ones that list as CYOF.

Thanks, ... more
0 votes Share Flag Mon Sep 15, 2014 Rental Basics in 10022
Angela Nelson, Real Estate Pro in New York
Angela Nelson answered:
Moving into new apartment having some issues[2] Billing.
Yes, if it was stipiulated rent is due on the first day of every month. LESSON LEARNED. Pay your rent on time.
0 votes Share Flag Wed Dec 19, 2012 Rental Basics in 10014
Tim Moore, Real Estate Pro in Nags Head, NC
Tim Moore answered:
Is it pretty common for boards to excercise right of first refusal for a rental? Or does this apply more to sales?
Right of first refusal is more of an option for a sale and is also called a kick-out clause. It goes like this: I'll buy your house if I can sell mine and if someone else comes along th ... more
0 votes Share Flag Sun Jun 3, 2012 Rental Basics in 10022
Raoul Sodoga…, Real Estate Pro in New York, NY
Raoul Sodogandji answered:
My roommate is moving back West and I was wondering what would happen if she were to renew the lease if she wasnt here and we took her place instead?
If the lease is on her name, and she allowed the renewal, you have absolutely nothing to worry about.
0 votes Share Flag Thu May 31, 2012 Rental Basics in New York
Elena Ravich…, Real Estate Pro in 10019
Elena Ravich Manhattan Expert answered:
I just dropped down my non-refundable security deposit, and I unfortunately need to cancel that deal and get the deposit back. What should I do?
That will be tough! You have to get the management company on your side and explain why you have to cansel, so that they help you to convince the owner to give it back. You may also put ... more
0 votes Share Flag Sat May 26, 2012 Rental Basics in New York
Dom Pascual, Real Estate Pro in New York County, NY
Dom Pascual answered:
I do have a voucher section8 , and I would like to find a place in NYC. I will pay commotion
Where are you looking? I can help you uptown. I can send you a referral. How is your credit?

Email me dompascual@gmail.com
0 votes Share Flag Thu May 24, 2012 Rental Basics in New York
Tapu, Real Estate Pro in Brooklyn, NY
Tapu answered:
What is the average management fee of appointing a letting agent to manage the rental affairs of property in New York City?
Usually it is a percentage of income generated from building. I have a few management companies I can reccommend. Did you recently purchase a building?

You can contact me at 718-5 ... more
0 votes Share Flag Fri Jun 1, 2012 Rental Basics in Upper East Side
Jacques Ambr…, Real Estate Pro in 11375
Jacques Ambron, CRB CBR SFR answered:
HOW DO YOU FIND A RENTAL WITH AN OPTION TO BUY IN WESTCHESTER COUNTY,NY?
Best bet is to talk to a few brokers in the area. See if they have any listings that are rent with option to buy, or if they have any listings that have been on the market a long time, ... more
0 votes Share Flag Mon Apr 30, 2012 Rental Basics in New York
Lana Parker, Real Estate Pro in 10005
Lana Parker answered:
How can we keep the gap between the closing and the renting as short as possible for an investment studio condo in downtown Manhattan we plan to buy?
Hi, if you invest in a condo, it can be done very quickly with no board approval. If you are going to invest downtown in a condo, it can be done extremely quickly if you have financing ... more
0 votes Share Flag Tue Jul 17, 2012 Rental Basics in Lower East Side
Voices Member,  in
Voices Member answered:
How far in advance of an expect move-in date should someone begin looking for an apartment and is it feasible to move into an apartment mid-month?
Our firm recommends starting your search 30-45 days in advanced. This should give you ample amount of time to set up appointments with your agent and see several properties within your ... more
0 votes Share Flag Tue Apr 17, 2012 Rental Basics in New York
Shaunece Sol…, Real Estate Pro in New York, NY
Shaunece Solomon answered:
Hi, I'm moving from Ohio to NYC in august/september to attend college. Will people rent to a full time student?
Hi Bigcitydreamer, yes landlords do rent to students, the upper east side as well as the lower east has studios/1bed spaces starting from $1445. The utilities included depending on the ... more
0 votes Share Flag Mon Apr 23, 2012 Rental Basics in East Harlem
Frank J Festa, Real Estate Pro in Watchung, NJ
Frank J Festa answered:
What would the broker fee be in NYC if I'm planning on short-term renting (3 months) an apartment found on a broker's site?
Did you try Craig's listings for a Sub-lease? Regards,
0 votes Share Flag Sat Mar 1, 2014 Rental Basics in New York
Roberts, Real Estate Pro in New York, NY
Roberts answered:
I need a house for rent in brroklyn that takes sec8 3br 2bt for 1500 a month carmen
Please contact Dennis at 212-714-1027 for assistance in renting an apartment. Thank you and have a nice day.
0 votes Share Flag Tue Apr 10, 2012 Rental Basics in New York
Tim Moore, Real Estate Pro in Nags Head, NC
Tim Moore answered:
After signing a lease and receiving the keys from the management, can I get my money back (first month and deposit)?
You signed a contract - a lease - and it is a binding contract between you and the landlord or their management company. If you just changed your mind you will likely be able to get out ... more
0 votes Share Flag Mon Mar 19, 2012 Rental Basics in New York
Nicole Gary, Real Estate Pro in New York, NY
Nicole Gary answered:
What is the difference between a broker and an agent? What is the difference in fee and the service received?
A licensed Real Estate Salesperson is considered an agent. This means they have taken 75 hours of courses, and passed the New York State Real Estate Test. After being a real estate Sa ... more
0 votes Share Flag Wed Mar 28, 2012 Rental Basics in New York
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