RENTAL GUIDE

Typical Questions Answered

How much is Home Residential's broker fee?
Home Residential does not charge for information provided by the website nor do we charge for viewing of apartments or rental properties with through our brokers. You will increw a broker's fee ONLY if you rent a property through our company. If the property is advertised and presented as a NO FEE apartment, you will not incur brokers fee as our commission is covered by the landlord in such instances.

• Unfurnished apartments: With a 1-2 year lease, HR usually charges up to 15% of annual rent, in some cases just 1 month.
• Furnished/Short Term rental fees: Please call or email for our discounted pricing.

When should a perspective renter begin an apartment or property rental search?
Potential renters should begin their search 4-6 weeks prior to an anticipated moving date. Apartments are not usually ready more than 6 weeks ahead of a lease starting date.

What are Rent Stabilized buildings and/or apartments?
Rent stabilized buildings and/or apartments are buildings whose rent is regulated by the City of New York and State of New York. Rent increases are only about 0-4% annually. Once a renter secures a rent stabilized apartment, they have a right to renew a lease agreement indefinitely. A lot of brownstones, townhouses with more than 4 units and older tenement/elevator buildings in NYC fall into this category. These types of building are owned and operated by small to medium size landlords/management companies.

Why choose Home Residential? What sets us apart from all the others?

Home Residential agent will save you considerable amount of time and energy while shopping for a rental apartment. We understand the landlord and management requirements, we navigate thru the jungle of different rules and regulations with ease, we know the market extremely well and know how and where we can negotiate or potentialy bend the rules a bit when possible. We are one stop shop, we are happy to help you move-in, suggest interior decoraters, furniture rentals, guarantor companies and more, we are proffessionals and this is what we do for living.

How can I find a "No Fee" apartment?

Over the years we have forged very strong relationships with majority of landlords in our market place. These landlords do sometimes offer concessions such as free month to a renter or broker fee being covered. In case our commission is being covered by the landlord we can offer and advertise their portfolio as NO FEE. In such cases you won't be charged commission and we still represent you during the trasnsaction, mean you have our undivided loyalty. Contact us or any of our agets if you're sepcificaly looking for NO FEE units, we'll be happy to accommodate.

Is having a pet a problem?

Only about 30% of all properties in NYC allow dogs and even the dog friendly properties might have breed or weight restrictions. It is a tough task to find the property that fits your needs mainly if you have a four legged friend, we are here to help and guide you thru this difficult process.  Cats are more universaly accepted although there might be properties that do have strict no pet policy.

Besides rent stabilized buildings, what other types of apartment buildings are there in NYC?

There are rental buildings, co-ops, and condo buildings.

• Rental buildings: Usually full service, modern, doorman buildings; rents are generally high but are at market level. Annual rent increases might be considerable, depending on market conditions. These buildings are managed by big corporations trying to maximize profit. Home Residential has access to these listings as well as more affordable more economically priced rental properties. We have access to most of the rental listings in the New York City Area.
• Co-op and condo buildings: These are also usually full service buildings. Units are owned by individual owners who are not very familiar with market conditions. It possible to get good deals in co-ops or a condo building. The drawback is that new tenants might have to meet with the co-op or condo board. This process can take over a month and requires the applicant to undergo rigorous screening. Many co-ops do not allow lease renewals. This means more apartment hunting after the first term of your lease. Home Residential is selective about co-op buildings because of the inflexibility and arbitrary rules.