Hello - I've been renting in a co-op bldg in Hudson Heights directly from the owner for about 8 years, but I'm looking to move to UWS, Hell's Kitchen or West Village to take advantage of the favorable market. The situation I have is that a medical problem a few years ago created an issue with my credit score (below good). I want to move in March, but I'm curious how difficult it will be because of... [more]
Hello -
I've been renting in a co-op bldg in Hudson Heights directly from the owner for about 8 years, but I'm looking to move to UWS, Hell's Kitchen or West Village to take advantage of the favorable market. The situation I have is that a medical problem a few years ago created an issue with my credit score (below good). I want to move in March, but I'm curious how difficult it will be because of that issue. I can pay a two-month security, have a good rental history, working for the same company for 10 years here in NYC, income is mid-100's. Anyone with knowledge on the subject know if I'll have serious hurdles finding a place, even with offering a 2-month security? Should I focus on large rental buildings or owner-direct? I'm wanting a renovated or new or relatively new 1-bdroom in the $2,750 to $3,000 net effective range. Thanks in advance.
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Response by NYCMatt
about 16 years ago
Posts: 7523
Member since: May 2009
With a solid work history, good income, and a glowing recommendation from your current landlord of EIGHT YEARS, your credit is just a tiny blemish on an otherwise shiny application.
Don't sweat it. Just start looking. Personally, however, I prefer owner-direct rentals.
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Response by jahanh
about 16 years ago
Posts: 59
Member since: Jun 2009
I agree. As I was in a similar situation with good income and a good recommendatin from your current landlord it should be about 2 months security and your price range is right on. Good luck.
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Response by peking2010
about 16 years ago
Posts: 3
Member since: Apr 2009
Thanks, guys!
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Response by NYCMatt
about 16 years ago
Posts: 7523
Member since: May 2009
peking, I'm curious ... Hudson Heights is so lovely -- I'm assuming you're moving mostly because you're tired if the A train?
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Response by peking2010
about 16 years ago
Posts: 3
Member since: Apr 2009
Well, good question -- I guess the order of importance: current apt is not renovated and the owners really haven't made an effort to improve the apartment so it's become tiring (don't get me wrong, I like pre-war, and the space is large, but no electrical outlets in the bathroom? come on...); the building isn't well maintained; and finally, I find myself taking a taxi too many times to avoid the A train. So I guess it's the apartment, the building and the location :) But I guess if I lived in an updated apartment in a well-maintained bldg, I'd stay. Oh, there is one more thing... until recently, my rent was $2,050 (large 1 bd or convertible 2), which everyone I know tells me is on the very high side for the area. I got the owner to reduce it to $1,850 a few months ago, but it just feels like it's time to go.
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Response by NYCMatt
about 16 years ago
Posts: 7523
Member since: May 2009
Hmmm.
Yeahhhhh ... that IS a bit much for a one bedroom that far Uptown. It would be different if it was "triple mint", as the realtors like to say, but this clearly is not.
With a solid work history, good income, and a glowing recommendation from your current landlord of EIGHT YEARS, your credit is just a tiny blemish on an otherwise shiny application.
Don't sweat it. Just start looking. Personally, however, I prefer owner-direct rentals.
I agree. As I was in a similar situation with good income and a good recommendatin from your current landlord it should be about 2 months security and your price range is right on. Good luck.
Thanks, guys!
peking, I'm curious ... Hudson Heights is so lovely -- I'm assuming you're moving mostly because you're tired if the A train?
Well, good question -- I guess the order of importance: current apt is not renovated and the owners really haven't made an effort to improve the apartment so it's become tiring (don't get me wrong, I like pre-war, and the space is large, but no electrical outlets in the bathroom? come on...); the building isn't well maintained; and finally, I find myself taking a taxi too many times to avoid the A train. So I guess it's the apartment, the building and the location :) But I guess if I lived in an updated apartment in a well-maintained bldg, I'd stay. Oh, there is one more thing... until recently, my rent was $2,050 (large 1 bd or convertible 2), which everyone I know tells me is on the very high side for the area. I got the owner to reduce it to $1,850 a few months ago, but it just feels like it's time to go.
Hmmm.
Yeahhhhh ... that IS a bit much for a one bedroom that far Uptown. It would be different if it was "triple mint", as the realtors like to say, but this clearly is not.