From the category archives:

Renters

Extending your search

by Red Delicious September 7, 2010

Should you have the time flexibility, try to extend your move-in date as far into the Fall months as possible to increase your bargaining leverage.  Landlords are still using Summer momentum to avoid giving concessions in September (remember that approximately 75% of leases turn over between April and September).  Just a few weeks can make [...]

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A summer rental market retrospective

by Honeycrisp August 26, 2010

We are now at the tail end of the seasonally busy summer months which, as expected, were the busiest months of ‘10 to date.  What can we say looking back?  A good bit of volume came from locals looking for needing to change their living situations, but even more volume from renters moving in from [...]

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Tales from the trenches: 5 broker breeds we could all do without

by Mitchel Askinas August 4, 2010

With sales volume seasonably slowing down over the past few weeks and deals becoming fewer and farther between, temperatures are not the only thing on the rise … broker temperament seems to be following suit, bringing out some not so flattering behavior from industry colleagues.
In the spirit of summer reading, I thought I would break [...]

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Picture imperfect: why great apartments may come with no pictures

by Honeycrisp August 1, 2010

It’s the tried and true request of all renters to their brokers:  “send me pictures”.  The rental market moves quickly, especially as compared to the sales market.  Particularly in the busy summer months, it’s not uncommon for an apartment to go on the market one week and be rented the next.  This is where the [...]

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Why some landlords are listing apartments available months away

by Honeycrisp July 23, 2010

During a time of the year when inventory is quickly flying off the shelves, you would think that the only properties on the market today are those with immediate or close to immediate move-in dates … and you would be wrong.  We are finding that, particularly in the co-op and condo segments, properties are popping [...]

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Rental market overview: June/July

by Honeycrisp July 19, 2010

For those of you who can’t get enough of data and statistics, here are three rental market reports for Q2, each with their own unique flavor: Elliman, TREGNY, and Citi-Habitats.  The takeaways that we have based on aggregating this data are:

Prices are up: not a shocker.  It’s the Summer, people!  This is when 75%+ [...]

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Relocation nation: sub-market segment seeing plenty of volume

by Red Delicious July 8, 2010

The relocation sub-market in Manhattan seems to be alive and well, according to numerous relocation specialists with whom we’ve spoken.  They note not having been this busy in over five years.  Much of the activity appears to be coming from larger corporations looking to relocate their overseas professionals to the Big Apple, mostly via lateral [...]

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Summer Renting 101: Tips on how to survive this season

by Red Delicious July 6, 2010

Now that we are well into the summer months, we are seeing lots of media coverage noting the dwindling of concessions and the return of broker fees.  This is indicative of  healthier rental market and the effect of seasonality, marked by 75% of leases turning over between April and September.  Here are some tips for [...]

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What’s worse than a bankruptcy?

by Honeycrisp June 30, 2010

Why it pays to avoid a legal standoff between you and your landlord

It’s not a surprise that, in this great city of ours, with 65%+ of the market consisting of rentals, landlord-tenant conflicts arise.  During his time, egos flare and it’s all too easy in this tenant-friendly legal environment for renters to threaten legal action [...]

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Preventing the bed bug bite: 8 tips to make sure the little critters don’t make your home theirs

by Red Delicious June 10, 2010

There has been quite some stir about the under-reported problem of bed-bugs in the city and the costs associated with it, as infestations are not covered by insurance.  This is clearly a topic that no one wants to discuss: not landlords for fear of empty units, not co-op or condo boards for fear of falling [...]

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