Bad Credit? 7 Ways for Renters to Get Approved

Bad Credit? 7 Ways for Renters to Get Approved

Here's an article published for a national audience, but with New York renters right in the center of the target. The author's ideas are solid and workable. We have compiled some worthy ideas of our own. Take a look at our excellent renters guide, The Essential Guide for Smart Renters to see what we're talking about.
Rents on the Rise Again

Rents on the Rise Again

The dog days of summer are back for apartment renters. The Manhattan vacancy rate in May fell to 0.7%, its lowest level in nearly five years, according to broker Citi Habitats. Landlord concessions, such as a free month's rent for signing a new lease, have dried up. Average Manhattan rental prices are just a hair below their 2007 peaks.
Apartment Renters in Manhattan – vacancies are fading…

Apartment Renters in Manhattan – vacancies are fading…

Manhattan’s vacancy rate fell again in May, dipping below 1% for the first time in nearly three years, leaving little supply available during the peak leasing season. That’s quite the turnaround from a year or two ago, when apartments were plentiful and desperate landlords coughed up free rent and paid the broker fee–typically a month of rent–to fill units.

How to Be a Brainy Renter

As the power of the market turns once again to favor landlords and their gatekeepers, the brokers, it is useful to understand what they know that first-time renters may not. Armed with an understanding the Web, renters can decide whether to use a broker, what size apartment they can afford and the neighborhood where they are likeliest to find it.