Rental Apartment - timelines
Hi Folks! So I warned you I would post annoying questions.. seriously though: We will probably need to move into a rental apartment for Sept 1, when should we start viewing these apartments so we can secure a Sept 1 move in? Any tips would be helpful thanks!
Hi Folks!
So I warned you I would post annoying questions..
seriously though:
We will probably need to move into a rental apartment for Sept 1, when should we start viewing these apartments so we can secure a Sept 1 move in?
Any tips would be helpful
thanks!
In the course of this year, I’ve had to rent 5 apartments and I learned that the lead time has definitely changed from 3-4 weeks to around 6-8 weeks out, even earlier. In my first one this year, I realized 4 weeks was not enough; most renters had made their choices by then. I listed other ones much earlier and had a much more pleasant renting experience…but I’m quite lucky to have found lovely new tenants all around.
Good luck!
Mopar – thanks!
I was the person who loved my house, but it was getting harder and harder to make ends meet
I’ve always found great rentals well below market, but never before about ten days before I absolutely had to move. The rule that’s worked for me is don’t settle until you absolutely need to settle. Following that rule, I’ve never actually had to settle.
It’s good to look starting a month before, but don’t become too dispirited if what you see in the first half of the month is terrifying.
I’m afraid Tyburg is mostly right. Good places get snapped up in a week or two after they’re put on the market. Though I think things have slowed down considerably now.
I started looking about a month or two before my close date. I found a beautiful place. (Unfortunately, it then went horribly wrong and then I spent two months looking and finally moved into a pit but that is another story.) Anyway, don’t stress. You will find something nice. Maybe put out some feelers now with people you know in the area, since you’ve been there a long time.
Gem, are you the same one that posted some months ago saying you didn’t know whether to sell and you liked your house but were tired of climbing stairs? Congratulations on finding a buyer.
“and also TAKE IT DOWN then from your website!”
Assuming the ad was legit in the first place, they leave it up so when people like you contact them they can let you feel like you “missed out” on a good thing and create a sense of panic and urgency in you that will cause you to be willing to move more quickly and pay more money when you next see an appealing listing.
To them it is just a stupid game. They would get more satisfaction out of tricking someone into overpaying for a place that wasn’t really what they were looking for than actually helping someone find just what they want.
Because in the former situation, they have “won” the game by selling something to someone that they otherwise would not have bought (or would not have bought at that price).
NYC really needs a law that simultaneously (1) caps broker commissions on rentals and (2) phases out rent control/rent stabilization.
Agreed with Arkady. As a previous LL(weeping now) we always posted on Craigslist and rented the apt within the first 2-3 weeks of posting.
I just emailed a broker about a listing I saw on a reputable agency’s website and he replied – ” I already have 3 applications in for this apartment, sorry”
am thinking to myself – well why not take a 4th?
perhaps the LL might like our situation over someone else applying for the apt, you know?
and also TAKE IT DOWN then from your website!
Arkady… to add to that. What, honestly, does the agent really do for the owner? Did they pick the “best” 1, 2 or 3 candidates for you to choose from? No… they picked the easiest. The ones with the least amount of hassle and the lease separating the agent from his/her commission check.
It’s a lose-lose all around. You get tenants that start the “relationship” feeling screwed (because they were) and have no respect for the landlord… and so far, there’s no reason to have any.
completely agreed about DYI arkady. Gives you a chance to meet the prospective tenants yourself and judge them personally.
My place is on 11th St btwn 7th & 6th & I do Craig’s. People have told me that it becomes fairly easy to distinguish between legit offers & ringers. I think agent fees are horrendous which is why I do it myself. Last year I showed it to 36 people – 30 of whom were interested – & narrowed them down to about half a dozen. It’s a lot of work to d-i-y – esp. since I don’t live there & there were annoying ‘no-shows’ who didn’t bother to phone – but I chalk that up to their having been treated badly by brokers. One good aspect of d.y.i. despite how onerous it can be for both owner & lessee is that you get to establish a rapport.