I have $100,000 in the bank but no income. Can I still rent an apartment in NYC?

… versions of this article contained reporting and writing by Virginia K Smith Nikki Mascali and Emily Myers … You Might Also Like … … York City Ive been saving up and have a trust from a family member which will total $100000 to $150000 by the time Im …

By Evelyn Battaglia |April 7, 2025 - 10:00AM
I’m a retiree with $360,000 in my IRA. Why won’t rental agents call me back?

… … Unfortunately not all money is money when it comes to renting an apartment in New York City as a retiree but … and that may be why you arent getting any calls back … How a lease guarantor works … One workaround that is … … Take out a lump sum or  … When it comes to estimating how much rent you can pay Kurland says to take your social …

By Jennifer White Karp |September 16, 2024 - 10:00AM
As a personal guarantor, how much does my kid’s NYC landlord really need to know about my finances?

… responsibility of a guarantor someone who covers a tenants rent if they default on their monthly payments Brokers and … the same information as your child to make sure you can pay rent on the apartment while balancing your own financial … We respect all requests for anonymity … Redact your social security number … For a rental application you might be …

By Celia Young |August 13, 2024 - 12:30PM
How much does it cost to move to NYC?

If youre thinking of moving to New York City youre not alone After a brief pandemic … creatives growing families and empty nesters alike High rents and sales prices are also indicative of the ongoing … require a tenants annual salary to be 4045 times the monthly rent If your income doesnt pass muster or if you are …

By Evelyn Battaglia |October 17, 2023 - 10:00AM
Are you an international student in NYC? Here's how to rent an apartment

… to have US credit or a steady paycheck two musthaves for renters  To qualify for a rental here landlords want proof that you have consistent … NYC apartments  The Agency  will charge a brokers fee of 10 percent of a years rent on open listings instead of the …

By Evelyn Battaglia |August 29, 2023 - 2:30PM
Should I line up a guarantor before I start my search for a NYC rental apartment?

… answer isyou bet There are so many variables at play when renting an apartment in New York City that generally … do to strengthen your position is worthwhile  If you need a guarantor its a good idea to line one up before you start … when buying   Editors Note  Realty Bites  tackles your NYC rental questions  Have a query for our experts Drop …

By Evelyn Battaglia |June 29, 2023 - 12:30PM