New York City Rental Market:


Renting an apartment in New York City is not an easy task.  My first time renters always have a hard time understanding why they have to provide so much information just to rent an apartment.  A typical rental application requires an employment letter on company letterhead, a couple months of bank statements, credit report, and more.  

The prospective renter has usually been able to go on various websites and read reviews of the building's management.  From my experience, it only takes one upset person to write a number of terrible reviews about whatever qualm they have or had with that building.  Now it appears that the landlords have a website to check the backgrounds of their prospective tentants, www.DoNotRentTo.com.   The website will provide information concerning:

  • Late payments
  • Non-payment of Rent
  • Theft
  • Refusal to vacate premises
  • Or, other issues the landlord had with the tenant

 "This site is driven by landlords supplying information regarding their experiences with tenants."

 That is the most interesting part of this site to me, I would assume a thorough credit and background check would find any evictions, criminal misconduct, history of poor credit, but it would be the specific comments that would make things interesting.  Is there a difference between a tenant saying that the building's super and doorman are lazy and a landlord saying that a particular tenant will complain about their neighbors and that their dog barks all day long while they are away at work?

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Copyright © 2009 by Morgan Evans: Renting in New York City: Landlords Fighting Back

 
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7 Comments on Renting in New York City: Landlords Fighting Back

FEB
20
420,755 Points 17 Featured Posts Outside Blog

That's an interesting question you have in the middle. Hearing only one side of a story is never good. And it's amazing that the tenant has to go through all that just to rent! That's almost as difficult as getting a mortgage!

2:29pm • #1
Outside Blog

That is true. First time renter or first time buyer are always having hard time in finding an apartment or understand the process. As an Real Estate professional, we have to be there for them and be patient with the process. I am sure you are doing that just fine.

11:20pm • #2
FEB
23
FEB
24
1 Featured Post

Dear Morgan,

Yes, New York is a totally different world in real estate!

Thanks for sharing!

Barbara

2:42pm • #4
235,805 Points 5 Featured Posts Outside Blog

I would enjoy hearing more about New York City real estate......quite different from Alabama, I'm sure! :)

7:35pm • #5
MAR
02
279,149 Points 29 Featured Posts Localism Sponsor Outside Blog

Morgan, I have heard that many times the tenants have to be interviewed in person as well and I have always wondered how they could do that given the Fair Housing laws?

11:56am • #6
MAR
30

Renting in New York City: Landlords Fighting Back is a great article you wrote Morgan and the site www.donotrentto.com , I hope this apples to landlords in the state of washington.

1:35pm • #7

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Morgan Evans-New York City Real Estate Expert

Manhattan, NY

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Prudential Douglas Elliman

Address: 26 W 17th St Floor 7, New York, NY, 10011

Office Phone: (212) 321-7147

Cell Phone: (917) 837-8869

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New York City Manhattan Real Estate market condition, tips for Condo and Co-Ops, help first time buyer, first time investors, pet owner buyers, and foreign nationals in understanding this housing market.



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