What does no fee apartment mean in NYC?
A no-fee apartment means the renter does not pay a broker’s fee. A fee only exists when a broker is involved. A landlord or management company may pay the fee on the tenant’s behalf, in which case the apartment is advertised as no-fee. If you sign directly with a building owner, there is no fee.
Can you get an apartment in NYC without a broker?
StreetEasy, Zumper, RentHop, Igluu Though there are a ton of apartments with broker’s fee in these popular sites—StreetEasy, Zumper, Igluu, and RentHop—they all offer the option to search specifically for no-fee listings. (But keep in mind that some of the no-fee listings may also be posted by brokers.)
Do all NYC apartments have broker fees?
Do You Have to Pay a Broker Fee in NYC? No, there is no law that states that you have to pay a broker fee in New York. You can choose to look exclusively for no-fee apartments or contact the landlord directly.
How do I find an apartment in NYC?
11 Ways To Actually Find An Apartment In NYC
- Zumper. zumper.com.
- Pad Mapper. Padmapper.com.
- Craigslist. craigslist.com.
- Nooklyn. nooklyn.com.
- Joinery. joinery.nyc.
- Naked Apartments. nakedapartments.com.
- Street Easy. streeteasy.com.
- MySpace NYC. myspacenyc.com.
Is RentHop no-fee?
You won’t have to pay a broker’s fee since no agent helped you out in the process of finding an apartment.
How can I rent in NYC without a job?
How to Get an Apartment Without a Job? Secure a Guarantor
- Use a Personal, Tri-State Guarantor. “The guarantor would be someone whose income is a bare minimum of 80 times the monthly rent,” said real estate agent Bill Kowalczuk.
- Use a Third-Party Guarantor.
Do I need a realtor to rent in NYC?
They act as a middleman between renters and landlords. Brokers are not essential for rental buildings that have in-house leasing offices. But they can be invaluable if you want to cast a wide net with someone who intimately knows a particular area.
Is it cheaper to live in NYC or LA?
Typically NYC is more expensive than LA. As of November 2020, the median rent for a 1-bedroom apartment in LA is $1969 while in NYC, this price stands at $2425, meaning that LA generally has cheaper rent. The area you choose to live in affects the affordability of expenses like rent and groceries.
Is RentHop good?
RentHop is clean and easy to, and functions a lot like Lovely, but it gives each listing a “HopScore,” determined by a “sophisticated set of algorithms” that rank the quality of the listing. The site displays results in a list or a map, which looks very much like Lovely and Zumper.
Is 40% on rent too much?
Most financial experts recommend spending around 30% of your gross monthly income on rent (note that gross is different than net income—gross is your income before tax).