I work with Citihabitats Relocation and I do get tons of people from all over the world, the nation and the state. The following is a sample of people who may be interested in short terms:
- Some of my people are renovating their apartment so they need short term rentals,
- Some are looking for treatment in Sloan Kattering so they need a few months,
- Some are going for two months internship or medical rotation so they need short term rentals, many are students and they also need short term rentals.
- I get people looking to work with teh Auction houses Sotheby's etc.. and they are all looking.
There are many short term rentals in the city and so many are legal. Whatever you puchase, the requirements for leasing will highly depend on the House rules and on the management. Buying a condo is preferred of course, but some are quite strict.
Bottom line, 6 months is the minimum you can rent in many of these condos with the management blessing . But what you should be aware of : So many management and co-op boards would like you to pay a certain percentage back to the management when you rent your unit and that is not all. About two years ago, there was a law that was passed, not totally aware of all the details, that if you are leasing your apartment, then you should charge taxes, insurance and occupancy rate. Yet, people do buy and lease their unit, not necessarily for the income, but also for building equity. Since appreciation of your unit can mean a substantial amount of money if you make the right deal!!
For any other questions or concerns, feel free to contact me, I will be able to help you.
Vice President Associate broker