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Rental Basics in 10001 : Real Estate Advice

  • All73
  • Local Info10
  • Home Buying31
  • Home Selling6
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Activity 105
Thu Jan 8, 2015
Dmitry (Daniel) Kramp answered:
Hi William
Standard commission for a rental in the city that is paid by the tenant (in most cases and todays market) is 15%
When 2 agents are involved it is basically split in the middle ... more
0 votes 11 answers Share Flag
Wed Jan 16, 2013
Ruth and Perry Mistry answered:
Hi Trulia:


Yes, absolutely.

The renter needs to give notice, time and access to do the repairs before calling the
Inspection Services Department.

Best regards
Ruth
0 votes 3 answers Share Flag
Fri Jan 18, 2013
Christopher Pagli answered:
Hi, Typically attorneys don't approve or advise this either because it's not technically yours until all closing paperwork is signed. Any attorney that would allow this may draw up a "hold harmless" agreement, inquire with your attorney.

Christopher Pagli
Licensed Associate Broker
Accredited Buyer Representative
William Raveis Legends Realty Group
914.406.9023
... more
0 votes 7 answers Share Flag
Fri Jan 18, 2013
Nick Rafello answered:
You could push the issue but why? You really have no legal document saying you can stay there.

Nick Rafello, SVP
Associate Broker
The Corcoran Group
0 votes 9 answers Share Flag
Thu Nov 29, 2012
Lahai Sogbandi answered:
My company uses www.paylease.com. In addition to using Paylease to collect rents online, we also use it as a means for prospective tenants to electronically pay their application fee.
0 votes 1 answer Share Flag
Tue Nov 20, 2012
Abigail Bacani answered:
When one's income or credit rating do not meet a landlords requirements (in Manhattan income qualification typically 40-50x the rent), a landlord may opt to take the applicant if he/she has a guarantor. If one is also a new hire, a landlord may request one as well. Guarantor financial requirements are more demanding with standards 80-100x the rent. Excellent credit is a must. Since landlord dictate their own preferences, some only take NY residents, and some Tri-state (NY/NJ/CT) ... more
0 votes 6 answers Share Flag
Tue Nov 20, 2012
Gail Gladstone answered:
May I assume you are no longer residing there? Is it a private home? An apartment building? Is there a landlord or a management company?

Lots of scenarios and not enough information.

As a landlord, I inspect properties when the tenant has removed their belongings and swept out the apartment and I come with a blank check.

You do have recourse; check with your attorney.
... more
0 votes 6 answers Share Flag
Thu Nov 15, 2012
Veronika Baba answered:
You should ask a lower. This is not a question for the real estate professionals. Personally I think not but that is only a opinion
0 votes 3 answers Share Flag
Sat Nov 17, 2012
Elena Ravich, Esq. answered:
brokers usually handle all of that but if you plan on finding and screening tenants by yourself, the building management will still be responsible for fixing any maintenance problems in the apartment. Talk to the building super, may be he would be able to check up on your apartment from time to time and assist. ... more
0 votes 4 answers Share Flag
Mon Nov 5, 2012
Joseph Hastings answered:
Hi Tom. Welcome to the business. I strongly suggest you discuss this with your Principal Broker or office manager. Your Broker's in house system should work well for you at first. You need information on open listings as well. Your sponsoring Broker is the first place to address any issues. good luck. ... more
0 votes 2 answers Share Flag
Fri Nov 9, 2012
De Vonte Williamson answered:
Hey Noam. Check out this article which can answer your question. Great Resource.

http://www.brickunderground.com/blog/2011/09/reminder_its_still_illegal_to_rent_out_your_apartment_for_less_than_a_month ... more
0 votes 4 answers Share Flag
Fri Mar 8, 2013
Don Tepper answered:
Yes.

First, check your apartment lease and see if there's a prohibition on sub-letting. There probably is. If it's permitted, it'll be with various terms and conditions. So, yes, you can get in trouble for sub-letting unless you make sure you comply with the terms of your lease.

Some people do it. Some do it according to the provisions in their lease. Others don't.

I understand you don't want to pay both a rent and a mortgage. That's why it's important for people to time purchases so that such overlaps don't occur.

Hope that helps.
... more
0 votes 7 answers Share Flag
Wed Nov 7, 2012
River Rock answered:
Hi Megan,

We are a property management company in Idaho, however, we found some great info for you on HousingNYC.com

\http://www.housingnyc.com/html/resources/attygenguide.html#6


"Should I be getting interest on my security deposit?

If the building has six or more units the landlord must pay interest, if any, on your security deposit. The owner may keep one percent of the deposit amount each year as an administrative fee. If the building has fewer than six units and the owner deposits the security in a bank, the interest also belongs to the tenant, less one percent for administration.

For more information see the security deposit section of the NY State Attorney General's Landlord/Tenant Guide on our site."

Hope this helps.
... more
0 votes 11 answers Share Flag
Thu Jun 13, 2013
Jacques Ambron answered:
It is not out of the question to tip the super especially if he's very helpful. $50 should be sufficient. But if he's gone above and beyond $100 would be good
0 votes 13 answers Share Flag
Fri Sep 28, 2012
Gail Gladstone answered:
Jordan, this is not a stupid question.

I am not aware of a phone app, but every phone call we get is recorded into Outlook with ... what property they called on...their name/number...the disposition of the caller, etc., and dated.

A call is not just for the ad...we can sometimes make a "fit" on another or future property if we keep their information in a format that can be recalled.

If you are not totally familiar with how to "rig" Outlook to work for you, feel free to give me a call and I will discuss with you further. 631-425-6150
... more
0 votes 3 answers Share Flag
Wed Sep 26, 2012
BOB Brooks answered:
Do you have good credit+make a salery 80k+??
If so I have several options all over manhattan
Peace,bob brooks bond new york 9177496332
0 votes 10 answers Share Flag
Sun Aug 18, 2013
Debra (Debbie) Rose answered:
Yes, most likely they ARE scams.

If it seems too good to be true.........it isn't true!

If you are told some weird story about why the supposed owner can't meet you at the property (they are out of state, disabled, in the army..etc etc........ they can be creative)......if you get that kind of story, and they ask you to send money via Western Union, run in the opposite direction.

Craigslist, in particular, is full of those scammer ads
... more
0 votes 7 answers Share Flag
Fri Sep 21, 2012
Suzanne MacDowell answered:
You can always ask to see the realtors' license when you meet them. Here in New Jersey you can look us up on line on the Department of Banking and Insurance's website. In New York you can look them up here: https://appsext7.dos.ny.gov/nydos/selSearchType.do

In general, when renting, NEVER wire money anywhere. Insist on meeting the owner, or their licensed realtor, face to face and pay using certified or bank checks. Check the property tax records to be sure the person you meet actually owns the property. Be especially careful if you are using craigs list, as much as the administrators there try, they are frequently used to con artists. And if someone says they were recently transferred to some foreign country for their job, or because they are missionaries of some sort, and please fill out this application then wire the money to some bank account in another country, just run as fast as you can in the opposite direction! And, if it seems too good to be true, it probably is, be very, very cautious.
... more
0 votes 3 answers Share Flag
Sat Aug 25, 2012
Trevor Volpe answered:
I would say no, unless it's a rent controlled space but even in those circumstances it would be highly unlikely. If it's a one or two bedroom, it could be that it was written improperly and meant to be listed for 4,500. Be careful of scams when you're looking for rentals with outrageously low prices. ... more
0 votes 2 answers Share Flag
Fri Aug 17, 2012
Annette Holmgren answered:
Hi Amie,

First off when are you moving here? The market here in New York is very different from any other place you might have experienced. If you have some time please feel free to email or call me and we can discuss what you are looking for and where in the city you might be able to find it!

Regards,
Annette

Annette Holmgren
Licensed Real Estate Salesperson
BOND New York
1500 Second Avenue
New York, NY 10075
P 212-584-4220
C 401-837-9445
F 212-584-4221
... more
0 votes 7 answers Share Flag
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