9 mistakes to avoid as a first-time renter in NYC

… The New York City rental market has plenty of pitfalls to trip up a rookie renter There are scams involving fake listings con artists … date you may be able to find more options So what exactly does this paperwork entail Although it can vary slightly by …

By Evelyn Battaglia |August 21, 2025 - 11:30AM
No co-signer for your rental? No problem—try these 6 guarantor workarounds

To demonstrate that you can reliably pay your rent you will usually need to show a … rent and a security deposit greater than one months rent Dont despair Here are six options to explore if you cant …

By Evelyn Battaglia |June 17, 2025 - 10:30AM
Moving to NYC after college? Here's how to find a rental apartment

… And NYC landlords are by no means desperate for tenants Rents continue to  hit new records  concessions like free months are rare and applications from multiple hopeful renters and even bidding wars are the norm Yes you read that … than the amount you will actually have to payknown as your gross rentduring your nonfree months Be clear on what youll …

By Evelyn Battaglia |April 15, 2025 - 10:00AM
I have $100,000 in the bank but no income. Can I still rent an apartment in NYC?

… Many New Yorkers would envy this situation when it comes to rental conundrums Having six figures in your bank account … see that you earn an annual salary of 40 times the monthly rent so your rental application wont be a typical one  As … Others will reject you out of hand  Without a salary your best bet is to find a guarantor usually a parent or another …

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 there … youre up against the 40times rule NYC landlords prefer renters who earn an annual salary of 40 times the monthly … limiting housing expenses to around 2530 percent of your gross income but since shes retired to calculate a rough …

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 … your own rent or mortgage payments Rogers said But that doesnt mean you have to give away all your financial …

By Celia Young |August 13, 2024 - 12:30PM
Are you an international student in NYC? Here's how to rent an apartment

… … The first thing you need to know is that finding an apartment in … to have US credit or a steady paycheck two musthaves for renters  To qualify for a rental here landlords want proof … has been updated with new information for August 2023 The documents you need to rent a place as a student will include …

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 … thats out of your league  Second you will be a stronger rental candidate for landlords who accept guarantors and … significant cash liquid assets and international and US students The income criteria is a minimum annual income of …

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