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Rentals in New York : Real Estate Advice

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Activity 545
Kathy Burgre…, Home Owner in Westchester, NY
Sat Dec 3, 2016
Kathy Burgreen answered:
I'm a local resident (Westchester County) and former realtor + I have lived here my entire life so very knowledgeable to answer your question.

1. The issue is renting in a condo can be difficult but not impossible. HOA's can limit or restrict rentals in their buildings to appease lenders. Understand that lenders refuse to finance buyers if the building has a high percentage of renters living there. Every lender is different but they all have a maximum percentage that they will allow. Sellers don't want a feud with you because you renting will prevent them from selling their condo. In the NYC area, condo owners prefer selling vs. renting.

2. Since the job is not confirmed yet, do you know how much advance notice you will have to move? Do you own or rent your condo in Chicago? If you own it, do you need to sell it or do you plan to rent it out?

3. The NYC area is filled with regular rental buildings - even in the suburbs. You will be better off renting in a rental building than a condo building. You need time to explore the different neighborhoods, school districts, etc. Given your price point of $3,500. - 4,000. you can easily find rentals in very nice buildings. The suburbs offer more living space for less money than inside the NYC border.

4. Public Schools - the New York City area is very similar to Chicago. There are low income neighborhoods with poor performing schools like South Chicago and there are very wealthy neighborhoods with top rated school districts like Evanston, Winnetka, etc. The top rated school districts in the New York City suburbs are: Northern New Jersey (from the George Washington Bridge going north up to the New York State Line); in Westchester County - Eastchester, Rye, Irvington, Pelham, Ardsley and Harrison. In Nassau County - Great Neck, Manhasset, Port Washington, the 5 towns area (Hewlett, Woodmere, etc.), Garden City, etc.
New York City - the good neighborhoods to live in are: Bayside, Astoria, Park Slope, Bay Ridge and Staten Island. However, the public school system is very different. Elementary school students attend their neighborhood schools. Middle and High School students must apply to different NYC schools and wait to be accepted. Students don't necessarily attend their neighborhood high school.

5. Like Chicago, the New York City area heavily relies on the subway system and commuter railroads from the suburbs. Public transportation is extensive and excellent. You don't need a car in the city but in the suburbs it is a necessity. There is plenty of public transportation in the suburbs and it's convenient but a car is still worth it.

6. Do you have pets? You will find many rentals and condo buildings are not pet friendly.

7. Beware - Housing is extremely expensive. PLEASE if you accept this position, insist on an income of at least $75,000. Living in the NYC area for less than $75K is going to be a struggle. A financially comfortable income that will meet basic needs is about $125,000.

8. Beware - state income taxes, sales taxes and property taxes (in the suburbs) is extremely high. Therefore, the higher your income, the better off you will be.
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Kathy Burgre…, Home Owner in Westchester, NY
Fri Nov 18, 2016
Kathy Burgreen answered:
Landlords will not rent anything for less than 1 year. Your best bet is either a cheap hotel or if you have any friends in the city that you can spend 3 weeks in their apartment. You can try airbnb or vrbo.com but beware, New York City has a law that prohibits owners renting out their homes for short term rentals. The hotel industry fought this and declared it takes away their business, so New York City enacted a law.

If you want to save money, search the nearby suburbs for cheap hotels. Make sure they are located near the railroad stations or if the hotel will drive you to the train station and pick you up. Make sure it's free. Hotels in Nassau County - you will use the Long Island Railroad and end at Penn Station. Then take the subway to Mount Sinai Hospital. The railroad takes about 20 - 30 minutes & the subway about 15 minutes or so.
Westchester County - you will use MetroNorth (about 30 min.) and end at Grand Central Station. Then take the subway to Mount Sinai.

Warning: You cannot drive. To rent a car is extremely expensive and parking is extremely expensive especially around hospitals. Then you have to deal with traffic which is extremely slow. A 15 minute car ride = about 20 blocks. You can walk faster than driving in Manhattan.
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Kathy Burgre…, Home Owner in Westchester, NY
Thu Nov 10, 2016
Kathy Burgreen answered:
Trulia is a media website for permanent residential listings only. In New York City it is illegal to rent apartments to tourists. Blame the hotels. The hotel industry fought this and forced the city to stop owners from renting apartments to tourists. ... more
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Emmet Galvin, Renter in New York, NY
Wed Oct 26, 2016
Emmet Galvin asked:
We are a professional couple that moved to the US recently & therefore have no US credit history.A lawyer & marketing professional.2 Bed reqd.C.$3kpm
0 votes 0 Answers Share Flag
Andrew Simmo…, Real Estate Pro in New York, NY
Fri Oct 14, 2016
Andrew Simmons answered:
Hi Alaa, Yes, you can rent an apartment for your wife through Internet. You can sign the agreement and pay rent via this service through internet.
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Christine.w…, Real Estate Pro in Fort Myers, FL
Tue Sep 27, 2016
Christine.woods32 answered:
I agree with Kathy, it's unlikely. Maybe you should consider renting a room. With your budget you can afford a room in good NY neighborhood. My recommendation for you is search for property online. Such rental services as Zillow, Trulia, Craigslist and Rentberry might be of a great help . Last one even allows to submit rental price you're willing to pay for a vacancy. ... more
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denise chatm…, Home Buyer in Queens, NY
Sat Sep 17, 2016
denise chatman answered:
hello my name denise looking for a 2 or 3 bedroom hasa worker said i can do a two or three cause a baby on its way, they pay full realtors fee now, iam a good tenant been living here for 8 years but to small in iam paying for my heat in hot water can't afford to keep doing that please contact me if you have any availible apartments please my number is 347-651-6119 thank you very much. ... more
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MCM_STL, Home Buyer in Saint Louis, MO
Wed Aug 31, 2016
MCM_STL answered:
That's a lie because it's impossible. This is nothing more than a marketing website and Trulia would never be involved in the actual selling or leasing of a dwelling.

Any time someone makes you pay to see a rental, they're scamming you. ... more
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Miss.kattie, Home Buyer in Tacoma, WA
Thu Aug 25, 2016
Miss.kattie answered:
I sure your can find an apt with that budget. For example, if apply for property via Rentbery, you can submit your price for it.
0 votes 12 answers Share Flag
Miss.kattie, Home Buyer in Tacoma, WA
Thu Aug 25, 2016
Miss.kattie answered:
You or your daughter can find a a roommate without a broker. Friend of mine was also looking for a roomie a month ago. He said that he had found a qualified tenant on https://rentberry.com. He mentioned that saved a lot of time and money, using this platform. ... more
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Miss.kattie, Home Buyer in Tacoma, WA
Thu Aug 25, 2016
Miss.kattie answered:
Surely landlords not very happy about bad credit score or broken lease, but not only you go through this problem. Some owners might still see a good prospects for you. Try to search property online. I personally like Rentberry rental service. ... more
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Miss.kattie, Home Buyer in Tacoma, WA
Thu Aug 25, 2016
Miss.kattie answered:
I agree with the answer below. It's a reasonable way to split a rent. Have you searched a room on Rentberry? My friend found a room there. He said that he liked this service a lot.
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Kathy Burgre…, Home Owner in Westchester, NY
Fri Aug 12, 2016
Kathy Burgreen answered:
Have you thought about rentals outside Manhattan. As a life long NYC area resident I need to educate you that a typical 1 bedroom apartment in Queens is much less than Manhattan. In the Bronx it's about $1700 - 2,000. in nice elevator buildings. If you look in the suburbs, a 1 bedroom is about $1500 - 2,000. and you can have a car too + the buildings are well maintained. Also the neighborhoods are really nice. ... more
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Smithtanny, Home Buyer in New York, NY
Tue Aug 2, 2016
Smithtanny answered:
Hello Maureen - I was an international student too. I found that most of the commercial accommodation such as apartments will have a strict rental requirement. The best bet is to find someone who is willing to share a place temporarily until you get your paperwork in order. The site like www.roomdock.com helps someone like you to find a place around campus or workplace, focusing on the international students. ... more
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