no fee rentals - property management companies :)

this list is wonderful..thank you very much

my pleasure! if I remember or hear of anymore, I'll update this list. Remember, these are rental property management companies. They either own these properties or lease them out for investors. Most are full service highrise buildings providing you with alot of amenities - gym, terrace, laundry facility, 24/7 maintanence service, in-house superintendent, 24/7 doorman/concierge services. Always calculate your costs.

Brokers charge 15% of the annual rent as a fee... meaning it's about 1.8x one month's rent. A $2000 apartment will costs you $3600 one-time upfront fee. Break that down into 12 months for the 1-yr lease = $300 extra per month in rent. So your apartment is actually costing you $2300 per month...and not $2000 per month. If you sign a 2-yrs lease, most will charge you 17-19% fee.

To avoid broker's fee, you must contact these rental property management companies directly. They will work directly with you, their managing agents will show you their apartments with a scheduled appointment, and you can directly apply for the apartment there. They will charge you an application and credit check fee... this is standard for all apartment rentals in new york city whether you use an agent or not. Most of these property management companies may give you an answer while you wait in their office. Mine gave me an answer in less than an hour. She ran my credit and then asks me when will I be able to provide her with the first month and 1-month security bank check?

Another very very nice building is located in Battery Park City. Brand new. Just completed construction summer of last year (July 2006). It's a "Green Building," meaning you have central air with hepa filtration system installed and all products are environmentally safe and purchased from local distributors. Check out their website: www.verdesian.com -- you will be amazed how gorgeous this apartment and the backyard is... very beautiful. The only thing is that it's about 3 blocks from the closest subway. If you call them, ask for Catherine Reynolds - she's very nice and upfront about everything.

There's also a building in North Chelsea/Hell's Kitchen area - central to Herald Square/Macys and Times Sq. It's called Hudson Crossing and it's a no-fee complex as well. it's a full service 15 story midrise luxury building. Perfect location and very nice staff members all around. Call Sasha or Karen at 866-310-3799

The problem that you have with Rose or Archstone is in most cases that they rack up the rent quite a lot after the first year. So be prepared for a 10 to 20% increase or move again. That said they sometimes have rent stabilized places which in my opinion is the way to go. Otherwise I probably would do the craigslist route and try to get a normal landlord. I looked at places through brokers but as long as I do not really love the place I would not bother with it.

When I rented my 2nd place in the US I used a broker towards the end of the year the landlord told me that he wanted to sell the place. So I had to move since I didn't want to play the month to month game. 15% down the drain.

skyline management

sorry manhattan skyline

Well, most places in manhattan increases by 5-10% per year. that's not unheard of. most of them do offer a 2 year lease agreement for the same price if you're scared of inflation. my property manager actually allows me to get out of the lease after the 1st year if i give advance notice and pay an extra month's fee or help them find a new tenant with a 30-days notice and no early termination fee. not bad at all!

bonus getters peoples of the world, there is no rent in NYC at these addresses for less than 3,000. sometimes for 2,500, but definitely never for less.
Pennypincher

Ive had experience with jacokbson and urban associates. They have awful service and poorly maintained buildings. Unless you threaten to withhold rent, they will never fix things in your apartment. As far as fees, since these are no-fee rentals, the monthly prices are higher than what a broker could get you. In the end, it evens out.

broker's listing are usually the same as no-fee rentals... however, you have to pay their broker's fee! it ends up being more expensive... do you calculations. jacokbson is horrible... didn't post #1 say "slumlord"

We rented from Glenwood. Great management company, great building at 10 Liberty. Although their financial credit check was worse than a proctologist visit.

has anyone heard of BETTINA EQUITIES? I looked at a 1 bedroom for 2400 and thought it was a nice size but they are requiring 3 months security up front.

http://www.nybits.com/apartments.html

this link has a more complete list of rental mgmt directory.

Lived in a Bettina Equities studio for 2.5 years. The apartment was great for the price and the increases for the renewal was only 2%!!! That was a big plus.

The downside was when I tried to break the lease because I bought an apartment. First they made me go through a dance to sublet the place (I only had 6 months left). They rejected my sublet not once but twice!! The second person was making 75 times the rent and was more than the required 40 times the monthly rent requirement. Then they lied and said they would take the apartment back and still return all the security. They didn't. They decided to charge me for a make-believe broker fee as well as a repainting fee. That netted me a loss of over $1k. PS - they did wind up renting my apartment within one day of them listing it for $200 more a month. They became real pigs because besides not giving me back my security, they wound up collecting another $1200 in rent for the new tenant.

And they probably asked for three months security because they require you to make 40 times the monthly apartment. So for that $2,400 you'd need to show an income of $96,000. And let's face it, if you were making that money, would you live in a Bettina Equities building???

#1, You MUST have a lot of time on your hands to provide all these websites to complete strangers and all to prevent brokers from making money. We do more than show you the place, we work as your representative and we ask questions you might not always think to ask. We often have more negotiating power than you!! Why do you people always want to cut the broker out of the equation when the ones that do work hard, are honest and need to make this money - it's their livelihood. What do you all do for a living,?? maybe people could go directly to the person you work for and get things and cut you out of the picture - and, therefore out of a job! Do you go to the grocery store and drycleaner and find out where they get the groceries they sell you and the facility they use to clean your clothes and ask if you can get your groceries directly from the supplier and your drycleaning directly from the facility??? yes, they are plenty of scumbag brokers out their but don't lump them all together and try to keep the honest ones from earning a living.

c'mon, nothing wrong with sharing info. work with a broker with you like, or don't. seems like i've seen most of these companies in streeteasy.

Information is our friend.

With improved information technologies, brokers will add less and less value. Much like the former telephone operators who needed to connect you to a call, a certain csegment of the broker population is becoming obsolete. #15, grocery stores add value by collecting together lots of different products that it would take lots of time to go find and get individually by oneself. Do you really add $6K of value on a $3K apartment rental?

While I still see some value of brokers in buying/selling, especially for coops, they add no value at all to the person who's paying their fees in the rental market.

Proof of that is the fact that NY is the ONLY market in the country, and possibly the world, where rental broker fees are paid by the renter. What those brokers do -- the sum total of what they do -- is provide outsourcing of the functions that normally reside in a management office. And that's the "good" ones. The abusive, no-show, bullying bait-and-switchers have a negative net-contribution.

In the old days, a shingle hung outside a building with a phone number and the size unit available was all it took. I'm glad #1 is community-minded enough to have posted that list.

manhattan skyline truly has the cheapest product in the business, in a good way. no frills, but solid apartments. i live in one of their buildings currently, a LARGE 1 BR for under $2500. If you're going to rent, I'd never use a broker, ever. www.manhattanskyline.com

#15... Excuse me??? BROKERS CANNOT NEGOTIATE PRICES OF MANAGED PROPERTIES... Try walking around Manhattan and negotiate prices these days... LMAO! If you do a quick search on big search engines like NY times or craigslist... you'll find tons of the same listings for the same apartment.. why? because they are listing "NO FEE" apartments. I only see brokers acting as a seller or buyer's broker as having value. Not rental brokers.

#15 probably just meant that brokers can negotiate a lower kickback to the owner and still get the rental listing. Maybe.

#20...Manhattan Sklying never call me back. Do you have a contact I can call.

#23--One downside of them is they are not the most receptive folks around. I experienced similar treatment. On each web page site they have a direct contact for each property. However, they leave like at 5 on the dot but I know they have Saturday hours. Which building are you looking at? Again I do not work for them. I looked at 2 of their buildings including the Saranac on Worth but chose another one.

btw, #23--I am a licensed real estate broker (though not my full time job). If you have an email, I can deal with them for you, any fee would be paid by them (if not, I won't move forward) and I would be happy to split it with you.

a few of the no-fee apts refer you to the super of the building. this is the high season so they get jammed packed with brokers calling them. alot of the brokers tend to just make stupid appointments faking as prospective tenants to take pictures to post on their website. so just keep trying