There’s an awful lot of people who would like to live in NYC at least for awhile. There is only one answer: “Good Luck with that”. Getting accommodation in NYC is a white knuckle, agonizing process where you are very unlikely to get what you want in the area you want to live in, at the price you want to pay without really hard work and even then it might not be possible.
First up how to find out what is available? While there are online listings on places like CraigsList, most people suck it up and hook up with a real esate broker. However do the math. There are 12,598 real estate rental contracts signed per year. That’s all in a city where millions live. There are however 27,000 licensed real estate agents. You see the problem.
Secondly those real esate agents all in hot competition to get you signed to a contract get a commission that rises with the amount of the rental you agree to. That’s right their livelihood depends on bidding you up as high as you will go. It is in the personal interest of a real estate agent to lie, cheat and conceal the real facts from you. Ask around, if a friend can recommend a really, good honest real esate agent ask for an introduction, they are gold. Expect to pay anywhere from $2,000-3,000 brokers fee if you use a broker.
Is there an alternative? Yes but it takes time, the more pressure you put yourself under to find somewhere immediately the more you will be at the will of rogue real estate brokers.
The alternative route is to research what is available to rent on your own. Phone large Real Estate Management Companies and ask what they have available. Or walk into large apartment buildings and ask. Or ask friends is there anything available in their building.Real Estate Managing Agents handle rental property, their core business isn’t finding renters. If you present yourself to them and they have something available however they will tell what the rent is without a mark up because they aren’t getting a commission on how much the rent is, but just on getting it rented.
This is the first of a series on becoming a resident of NYC and what that entails. The most important take from the reality of shyster real estate brokers is this In NYC it is probably worth your while to get a short term rental while you search for a full time rental. That way time is working for you, not against you. If you have no choice and you must get somewhere quickly reach for your check book and make sure you ahve a whack of do