New York City
Northern New Jersey
Condo Price Index
Open House Planner
Shop for a Broker
What's a good way to go about looking for a furnished rental for about 1 month (3 weeks to be exact)? I have come across Furnished Dwellings LLC - are they reliable or scammers? Airbnb seems like it caters mainly to weekend type rentals, tough to find anything for more than 1-2 weeks. Looking in UWS, Midtown West area this summer.
What if we tax consumption rather than income?
Phasing out the mortgage tax deduction is not the answer.
The middle class needs LESS taxes, not more.
The only fair solution is to make ALL housing payments (rent/mortgage/maintenance/condo association dues) tax deductable. Period.
bob420: Your thinking is correct, as is illustrated by the information NWT provided. Coops and condos are taxed on the same basic methodology. What's more, condos are more likely to benefit from abatements like 421a, which would make coop taxes look very high compared to certain new developments. Aside from that, there shouldn't be major differences, on the whole.
And to my point about property owners carrying an unjust amount of the burden during the recession -
Clearly our property values where off at least 20% in 2009 and 2010 so why did total property tax receipts go up by so much those years? My rents were down, oil expense off the charts, vacancy at all time highs for me, bad debt at all time highs, length of time to evict nonpaying tenants went from 5 months to 12 months etc etc - and still the City raised our taxes.
Now that the recession is nearing it's end/ended the City should stop squeezing us so hard. We picked up the slack - we did our part - we took one for the team - thank us and then show your appreciation by reducing the amount of taxes we pay.
From the Indepedendent Budget Office for 2012
Single family homes account for 49% of market value and pay 15% of all property taxes.
Multifamily rental building are 24% of value and pay 40% of all of the taxes.
Here's a short article about the issue from 2011.
1 month is a low security deposit a lot of landlords want 2 months if you don't have the best of the best of credit you always have to pay the first months up front and the broker fee is generally between 12 to 16 percent of the total years rent
Rent is paid in advance - first month
Landlord will expect a security deposit - generally one month unless there is some unusual circumstance
And if there is a broker involved and it is not a no fee listing, yes, the brokerage fee
Hi, I was wondering the range of how much I should expect will be due with/without broker fee for a $2,000/mo studio? i.e. is it common to have 1st months, a deposit (equal to 1 month), and broker fee (if broker is used)
This building seems great, but are there any availabilities? I'd consider this depending on price, but right now I'm leaning to The Beekman Regent.
116 Franklin is conveniently located between West Broadway and Church in the middle of the North side of the block . Th loft in this building are wonderfully square. with almost 50 feet of South facing windows, soaring original tin ceilings and original hardwood floors. If you are looking at classic old school TriBeCa loft space, this is the real deal...even the glass in the original windows is watery! A true gem of an old world turn of the century loft building. Most kitchens have granite counters, viking ranges ,solid wood cabintry. the 2 bedrooms are in the rear...super quiet, big closets and storage. The owner occupies the top 2 floors and keeps the manual elevator but will allow tenants to use it for moving in, and occasionally if you have a big deliver of some kind...bottom line, the lofts should be considered walk ups.
Does anyone have any information about a possible 1bed/2bed CONV opening up this summer under $3000? Looking for anywhere in Manhattan below 59th. Thank you!
This is far from a 'luxury building'. Tenants have been dealing with constant construction noises (starting at 7am and weekends), rent controlled tenants are ignored by management to drive them out, new tenants are dealing with no gas/no internet/no cable/, water and electricity shut offs weekly for 'construction', leaky ceilings and holes drilled through walls. Before renting in the Arthur, be sure to ask any current tenant how 'luxurious' the building is.
I'm already convinced Julian!
All I can say is if you've never been to the building you need to see it for your own eyes. The units are drop dead gorgeous and have the feel of opulence and grandeur. One cant help but feel like royalty here and the staff only adds to that with how polite, charming and courteous they are. The building is beautiful, the location is quiet, transportation accessibility is easy and tons of famous restaurants and bars nearby. Great place to live and call home.
I agree with several of the messages above. I was in the building often for about 6 months. The staff of the building was one of the nicest I have dealt with in 9 years in residential real estate. The sponsor was more than reasonable during any negotiations and offered to go above and beyond what most landlords would do in certain situations. He frequently asked myself and my colleague Wendy Jodel's opinion on how he could improve the apartments. We also had the opportunity to meet several tenants in the building who all expressed that they were very happy with the way the building was run. Just my two cents!
FC - Still wondering about your RW identity; if it is as one theory goes, you don't live in you mother's basement; if it as competing theories go, you are never leaving your mother's basement regardless of any decisionmaking power you imagine you possess.
I'm really starting to think, if I ever move out of my mother's basement (can't beat the rent!), I might really consider moving into this Beekman Regent building in Manattan. If my biggest concern is who else will I fit in my king-sized bed and at my dining room table, then I can truly feel like I am at Home.
This is a little too pricey for such a low floor unit. I would expect this price on a top floor but nothing lower than 15th.
Hoodia. Net effective rents are based off concessions. Meaning if they are offering one free month on a 12 month lease term the net effective rent is based off 11 months. example: rent is $3,000. $3000 x's 11 month's (taken out the 1 month free)= $33,000/ 12 months (lease term) $2750 is the net effective rent. Please keep in mind you aren't always paying that rent as sometimes they are just giving you 1 free month and not breaking it up over the course of the lease in which your rent will remain at $3,000 with a certain month for free.
What is with Net Effective Rents? They list both that and a free month. No wonder there is so much distrust in the rental world.
I think you did something wrong. It normally requires no approval on SE
Is it normal to wait 3 days for them to approve an apt rental listing? I am still waiting. I don't understand it, I'm not selling property. I am just trying to list a rental by owner, 2 BR in Brooklyn. I paid $150 for a 2 week listing and my listing is STILL AWAITING APPROVAL. Pretty soon the 2 week listing I paid for will expire. IS THIS NORMAL?????
Are here still heat problems in the building? Any other landlord issues?
What are the regulations for lease renewal and rent increases in a sponsor unit in a co-op generally? Also, what are some of the the pros and cons of renting a sponsor until in a condo vs in a rent stabilized bldg? Thank you for any help you can provide!
Not sure what is being debated here, but regardless of what the DOS says, 15% *is* pretty standard. And if landlords choose for the renter to pay, that is just capitalism. Nobody is forcing anyone to rent the apartment.
"You get absolutely nothing when you pay a broker fee. Owners should pay"
Truer words have never been spoken. Landlords are parasites, although not as much as rental brokers. In any event, the payment arrangement is backwards.
OMG just rent a more expensive place. 15%! You get absolutely nothing when you pay a broker fee. Owners should pay
Very creative, advertising in the form of criticism. What do they call that? - native advertising?
Sounds as if you're paying for electric heat. Ask the super whether the boiler in the cellar is for more than hot water.
I see now it is posted. There must be some glitches as many other tenants tried to post without success. What I wanted to say is that the building is not finished and all the tenants are facing many problems( water leaks, window that do not seal well, cold etc...) however the biggest problem is the electricity bill. It ranges from 300 USD(studio) to 900USD(2 bedrooms) and it has not been explained well why this happens. We do assume we are charged for something we are not using or our meters run in an unusual way. Do not move until this issue of the electricity has been solved as you would end up paying so much for not even using your apartment.. The rest is fine and it is a very nice building.
Why my comments and those of many others living in this building are not posted? this is not a transparent service.
always check the management company of any building you rent in.
I think I know what neighborhood this is in.
Yes. Interview a few brokers by phone and stick with one. You should just pay the fee because they will find you an apartment and in the end, it's worth it. Besides, if the owner pay the fee or any part of the fee, he makes up for it by charging a higher rent.
I am new to this fee broker world and so far what I see makes me want to pack my bags and leave NYC. All I want is a place to live! We were shown an no fee apartment and the same night submitted our application. The next day the agent calls us to tell us the landlord switched to pay only half the fee; however, he agreed to continue processing our application and of course charged us application fee. Because the whole thing smells fishy to me at this point because no deposit was taken and have a hard time believing he is going eat the fee. So I googled the apartment again and noticed it was relisted by a different broker charging a one month broker fee. When I googled I found the name of the management company of the apartment building and they also own 6 other buildings in the area, but when I tried to call direct then number has been disconnected. This is a large 6 story apartment building so people live there - thoughts to what is going on. Are we out our application fee and just keep looking??
In my old RS tenement, hot water was included in the rent but heat wasn't. Landlord only had to provide a means of heating (space heaters with chimneys to the old fireplaces) but tenant paid for fuel. That's why the RS rent-increase amounts are different depending on who pays for heat.
Or it could be that the wall units are supplied with heated water or steam by the building, the cost of which is in your CCs. Then the tenant's electric bill would cover only the cost of running the fan in the wall unit.
Then there're buildings where every apartment has its own water heater. too, so the tenant pays for that as well. In every case the lease has to be modified to fit the apartment's utility situation and is clear about who pays for what.
You agreed to provide a heated apartment, so will have to cover that part of the ConEd bill attributable to the electric heat. I don't know how you'd divvy it among heat, AC, and the rest.
Why is the electric not in their name?
I have a tenant who signed an universal lease. The following utilities are included in the rent- heat , hot water, gas. Apartment has a wall units in every room for ac/heat. tenant is refusing to pay electric bills.Please advise
Wow! In an industry dominated by imbeciles, this agent is truly a special kind of stupid. Bizzarro capitalization being the very least of it.
Or maybe this thread was meant to be charmingly self-deprecating?
That was disrespectful - you were supposed to capitalize Sponsor when you posted. You better be more mindful of who is paying you.
From the minute you walk in the building,you feel special and will be well-cared for. The building is kept up and the sponsor himself lives in the building. The apartments are grand and spacious and most have fabulous views. There are so many different floorplans available which makes it more special. From the Doorman,Concierge and Super, they only want to please you and your family. As a broker,I see many buildings in the city. The Beekman Regent is always a pleasure to show in.. so I felt I had to write this.
When you rent a tenant, do you have to be careful to pay the nanny tax?
I have worked with the owner and have rented numerous tenants in this building. All of which have been extremely happy with the services and continue to have strong relationships with them.
This building to me is one of the best condos in all of NYC.
I think "rough" means the areas next to housing projects. I guess the assumption is that these "rough" people are up to no good and travel only close to the projects.
flyflyfly84, tell us more about you and your fiance.
Life is cheap in Harlem.
There are no rough parts in Harlem don't let these people fool you. Don't bother them and they wont bother you. I went to High School in Harlem never had a problem.
What would you say is the "rough" part in East Harlem?