Renting
I’m planning to move to Manhattan in August. How far in advance do I need to start looking for rental apartments?
Q: I’m planning to move to Manhattan in August. How long ahead of time should I start looking for rental apartments? I don’t want to start too early and fall in love with something and have it be rented out by the time I need to move. Read More.
My boyfriend and I are moving to NYC and debating whether or not to hire a broker. Is this necessary, and how much can we expect to pay in fees?
Q: My boyfriend and I are relocating to NYC from LA and Toronto – finally, an end to our long distance relationship! We are learning about the NYC market and are thinking about employing the help of an expert broker. If we do this, how much can we expect to pay in broker fees? Also, is it much more difficult to find a place on our own? Thank you very much! Read More.
What am I expected to provide if I’m renting out my Hamptons home for the summer?
Q: If you rent your home in the Hamptons, what is the standard list of what you have to provide (e.g. Towels, tv, etc.)? Thank you. Read More.
Is there a minimum credit score that landlords look for in potential renters?
Q: Is there a cutoff that landlords look for in scores in renting in the Manhattan market? Read More.
What is the process for renting a house in the Hamptons?
Q: What is the process and what are the fees for renting a house in the Hamptons? (broker fee, application, necessary paperwork) Read More.
I want to use my current home as an income-producing property, but am having trouble getting a loan. Can you help?
Q: I own a three-family home in Holyoke, Massachusetts, and would like to use it as a rental/income property and purchase a home in a more rural area. Can you help me find a lender who doesn’t see in only black and white? I spoke with a lender who said that they would not consider the rents from all three apartments because it wasn’t on my taxes as such. I tried to explain that I am living in one apartment and my mother in another, so the two apartments weren’t rented out. I have all three apartments rented out–$700, $700, and $850 per month covers ALL the mortgage, taxes and insurance, and leaves me with $950 income at the end of the month. I am so frusterated and any help on such a lender or your professional suggestions would be … Read More.
