MANHATTAN MARKET

Manhattan Rentals are a breed like no other. In few markets do you need to use a broker to find a rental apartment. But for Manhattan rentals the market is so fast paced with vacancy rates hitting all time lows this year, that it makes sense to trust an expert source that will save you money in the long run, when looking for Manhattan rentals. Someone who has done the years of research and has access to landlords you could never find on your own when navigating the treacherous terrain that makes up the Manhattan rentals marketplace. HH Realty Group has one of the best Manhattan rental databases in the city, so if you have something in mind ask one of our Manhattan rental agents.

To truly be prepared for the fast pace of the Manhattan rental market it is essential that you come with paperwork in hand and can act fast. It would be lovely to be able to take your time and peruse Manhattan rentals at your leisure and assemble your paperwork when you find the time, but the stark realities of Manhattan rentals make this an impossibility. Good deals are gone in a flash, so you must act fast. Typically you look 1-4 weeks ahead of time to secure the Manhattan rental that you want. And be prepared to pounce when you see something you like because property in Manhattan cannot keep up with the population.

Manhattan Rentals

Before you begin your search for Manhattan rentals:

-Make 40x the monthly rent or have a guarantor that makes 80x the monthly rent -Have good credit -Have for yourself and guarantor: Letter of employment stating annual salary and length of employment 2 most recent paystubs, bank statements, and tax returns -Be prepared to pay a deposit in a form of payment transferable to cash of $300 -Be prepared to pay a fee of $50-$150 for a credit check -Be prepared to pay in a form of payment transferable to cash first month’s rent, one month’s security, and the broker’s fee (ranging from 1 month to 15% of the annual rent) at lease signing -If you are renting in a coop or condo you will have to pay move-in deposits, and processing fees sometimes totaling an additional month in rent.

There are scenarios where this process may vary. You may not have credit history or be currently employed, so if you find you have questions call on one of our professional agents to help you answer all questions regarding your Manhattan rental.

Do mental preparation and tell yourself that you are ready to rent and move on a Manhattan rental. Yes, it is an involved process, but if you are prepared it will all go smoothly and you will be in your new Manhattan rental painlessly.