38 Uh-Oh! I Have to Rent in NYC!

38 Uh-Oh! I Have to Rent in NYC!

Right now we are busy in NYC and there is a serious lack of inventory for both buyers and renters. In terms of the inventory, NYC is 70% rentals so this is definitely a renters town, but right now a good rental is very hard to find as everyone has...


Right now we are busy in NYC and there is a serious lack of inventory for both buyers and renters. In terms of the inventory, NYC is 70% rentals so this is definitely a renters town, but right now a good rental is very hard to find as everyone has been moving back.  If you find yourself unable to find an apartment right now as a buyer you might have to consider renting for a year. So today we are talking about renting in NYC, what you need to know, what you should have prepared, and how to qualify as a tenant.

Most people who live in NYC choose to rent as opposed to buying. With inventory at a low (think needle in a haystack)  you need to be ready to pounce on that great rental that you’ve just found. This means having all your paperwork ready to go including a personal bio that separates you from all the other people vying for the same property. Listen to this week’s episode to learn more about being prepared. 

Any other questions? Reach out to us at www.therealestatebroadsofnewyork.com or you can email us at deniseandsharon@compass.com

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