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Need A Broker Suggestion/Referral

Started by needsadvice
about 16 years ago
Posts: 607
Member since: Jul 2010
Discussion about
We own a condo, a furnished 2/1 that we would like to rent out for 10 months of the year, Sept-June, minimum 6 months at a time. Any suggestions for a decent broker to handle the unit?
Response by b1pwysd
about 16 years ago
Posts: 32
Member since: May 2009

Worked with Erin Rodriguez when I purchased my coop and she's really nice and attentive.
http://www.prudentialelliman.com/mainsite/agents/agents.aspx?BID=ETR

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Response by gcondo
about 16 years ago
Posts: 1111
Member since: Feb 2009

how about Ty Bird?

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Response by PPlayer
about 16 years ago
Posts: 95
Member since: May 2010

Simona Stanica is a very competent broker http://streeteasy.com/nyc/contact/10816-simona-stanica

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Response by MRussell
about 16 years ago
Posts: 276
Member since: Jan 2010

A few things come to mind from your post: Most condominiums require a 1-year minimum on rentals, or only permit one move-in per year, so be sure to check with your management prior to listing. Furnished rentals represent a very small portion of the market, and when it comes to a rental in excess of three months, the desire to have furniture other than your own decreases dramatically. I'm not saying to not list it 'available furnished' but don't limit yourself by doing this. Lastly, most renters like to know that they can stay somewhere longer than a year. In this case, it is clear that they can only be in the apartment for 10 months. Because of this, you should be prepared to pay the broker's fee, as most renters will not want to pay a full fee for something they will only be in for less than a year. It is a tricky proposition, but with the right approach you should be able to get it done.

Best of luck.

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Response by jim_hones10
about 16 years ago
Posts: 3413
Member since: Jan 2010

MRussell
about 5 hours ago
ignore this person
report abuse A few things come to mind from your post: Most condominiums require a 1-year minimum on rentals, or only permit one move-in per year, so be sure to check with your management prior to listing. Furnished rentals represent a very small portion of the market, and when it comes to a rental in excess of three months, the desire to have furniture other than your own decreases dramatically. I'm not saying to not list it 'available furnished' but don't limit yourself by doing this. Lastly, most renters like to know that they can stay somewhere longer than a year. In this case, it is clear that they can only be in the apartment for 10 months. Because of this, you should be prepared to pay the broker's fee, as most renters will not want to pay a full fee for something they will only be in for less than a year. It is a tricky proposition, but with the right approach you should be able to get it done.

Best of luck.

most of your post is inaccurate. some condo's will allow short-term sublets, some won't. this is correct. there is a huge demand in NYC for furnished rentals. i field at least 3-4 inquiries a week, that i then refer to someone who handles this kind of thing all the time. students, professors, visiting executives, etc are all looking for this type of rental. further, and most importantly to our op, the renter ALWAYS pays the fee, albeit not a full fee (usually around a month's rent) for this. why? because they are few and far between, and should come at a premium. bad advice.

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Response by front_porch
about 16 years ago
Posts: 5325
Member since: Mar 2008

Furnished rentals are a really weird subspecialty, and I'd talk to someone who does a lot of them. Talk to Monica Luque at Douglas Elliman.

ali r.
DG Neary Realty

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Response by needsadvice
about 16 years ago
Posts: 607
Member since: Jul 2010

Ty Bird was my first choice actually, I enjoy controversy with tenants, it's fun!

@MRussell: our building allows 6 mo, excellent advice on fees, thanks!

Looking for corporate short-term mostly.

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Response by mjpayo
about 16 years ago
Posts: 35
Member since: Mar 2009

i am using a broker to purchase apartment,she is excellent.her name is francesca conejero of prudential douglas elliman.

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Response by truthskr10
about 16 years ago
Posts: 4088
Member since: Jul 2009

This site seems interesting, but I have no personal experience to relay

http://www.furnishedquarters.com/

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Response by pkgbklyn
about 16 years ago
Posts: 13
Member since: Mar 2008

Why dont you just post it on craigslist and use http://www.american-apartment-owners-association.org/tenant-screening/?gclid=CMTZ57fsxJwCFQ7xDAodjGQnnw . Brokers are slowly being less and less relevant.

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Response by needsadvice
about 16 years ago
Posts: 607
Member since: Jul 2010

Craigslist won't work, since we're not in town to show it.

Which rental agency is the biggest and most successful in the city? AND has a decent rep?

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