HomeApartment Hunting

Apartment Hunting

Rental Site Phishing Scam

It has recently come to our attention that there is a new real estate phishing scam. Scammers are setting up rental sites with similar-sounding domain names and misusing logos in an attempt to build their own brand legitimacy so...

Best Websites Serving The NYC Short-Term, Sublet, Rental Spectrum

When people mention sublet websites, there are seemingly many choices in a crowded space. That's weird, because Harvard Business School professors Peter Coles, Ben Edelman, and Mike Luca found that a strong marketplace network effect should consolidate the...

What Are Two-Up Two-Down Apartments?

Like the Manhattan Classic Six, there is a particular floorplan jargon that is extremely common in pre-war London. It's called the Two-Up, Two-Down row house. It refers to having no neighbors above and below you, but almost always neighbors...

What Does A Guarantor Actually Guarantee?

A guarantor is similar to a lease co-signer because they are jointly liable for fulfilling the required lease payments, but a guarantor is not expected or eligible to actually reside in the apartment along with the primary lessee. So...

Better Than No Fee? Free Rent!

We previously discussed the concept of 1 AND 1 pricing. That is, the landlord should be willing to pay the broker fee for finding high-quality tenants to fill a vacancy, and they should still offer all of the free...

What is Net Effective Rent?

The net effective rent is the monthly amount the tenant pays to the landlord after factoring in incentives. The term is common when searching for apartments  in New York City, especially during the off-peak winter season. This is when...