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?
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
how about Ty Bird?
Simona Stanica is a very competent broker http://streeteasy.com/nyc/contact/10816-simona-stanica
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.
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.
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
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.
i am using a broker to purchase apartment,she is excellent.her name is francesca conejero of prudential douglas elliman.
This site seems interesting, but I have no personal experience to relay
http://www.furnishedquarters.com/
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.
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?