Thursday, October 16, 2008

BE PREPARED! - What Every Renter Should Know To Step In Front of the Line

BE PREPARED! - What Every Renter Should Know To Step In Front of the Line

Luke Constantino September 9, 2008

I deal with a lot of buying and selling of property in NYC, but along with that, I also deal with rentals. Renting an apartment can be a pretty big job. Going to different sites on the internet, newspapers and just finding that decent location that coincides with your lifestyle can be very stressing. For me, rentals often bring on new home buyers later on. Here are some of my sure-fire tips on how to get in front of the line and be the best candidate for a rental in NYC:

• Have a credit report ready from all three credit bureaus in hand. This is the most important thing you will need. You don't need perfect credit, but the higher your credit score the better. Anything above 580 is an open door, no questions asked. If a student loan or medical bill has brought your credit score down (and nothing else), you should point this out.
Best credit report:
• Photocopy of your driver's license, social security card, 2 pay stubs from your employer and W2/1099. You have to draw a picture of who you are and how substantial you are to the person from whom you are renting.

• A letter from your employer. A letter from your employer (on the company's letterhead) stating how long you have been employed by that company and anything else that might be useful (Like the "He/she is an exceptional part of our team" statement, etc.).

• Do a "background check" on yourself (Optional). I do this on every renter I deal with along with a statewide U.S. Party/Case Index court check. This makes the person you are renting from very comfortable about you.
"Integrascan" background check:

• First impressions count! When meeting with the person whom you will be renting from, dress nicely, be on time and bring all the information you have assembled. The bottom line; They want to know who you are on paper and that they are going pay them the rent in a timely manner.

Provide the person who you will be renting from all these assurances and you will move to the front of the line!

Luke Constantino has been a realtor for over 12 years and is currently employed by Remax Metro in NYC. He has also been quoted in the April 08' issue of " Time Out New York" magazine on "How to be the perfect candidate - Tips for renters" along with many other publications.

Luke Constantino
Commercial Residential
Direct: (212) 300-3919 Fax: (360) 368-0098

1 comment:

A Family/Group Member said...

You seem to have a very informative blog. I hope many people will be helped by the information you have provided