Hi!!! I hope this was helpful for you. I also remembered last week was my one year anniversary on youtube!! 😭🥺Anyways, if you're new here check out my NYC Advice playlist (tips to help you move here & live here in general)! I am always adding to it. Thanks everyone! 🍎🗽 ru-vid.com/group/PLuR-6QF6WOR06JeJtuJr84nV_RmqZ-Kgr
This might be a personal question but how did you find your guarantor? I know you said your guarantor is a family friend and I need one, but am not sure who I could ask besides my parents (who are not an option) as it also seems like a big ask for someone who isn't an immediate relative (since they are literally assuming financial risk for you)?
@@estefania356 I was really confused too, but if I'm interpreting what she said right, I think it means your total yearly income (net pay) would need to be at least 40x the monthly rent. So if the rent is like $1,450 a month, the landlord would expect your yearly net income to be at least $58,000. And for the guarantor, the landlord would want their yearly net income to be at least $116,000 (which is 80x the monthly rent), if not $145,000 (which is 100x the monthly rent). Still a fuck ton of money, though
Damn, those paperwork requirements are intrusive af. In Canada there's a lot of things they can't ask for - like no landlord is out here peeping at people's bank statements. I know they want to make sure that their prospective tenant can pay rent, but that's what the credit score is for, and MAYBE they ask your wage, but I can't remember if that's even legal. The NYC paperwork requirements blow me away. That's insane and super violating that they're looking at every part of your life like that
NYC is one of those cities I'd LOVE to visit but I'd NEVER live there. No way. It's like Paris, super romanticized in movies and series but reality is quite different. Thank you for sharing your honest experience as a citizen not just a tourist or spectator.
Thanks for another video! Really helpful and now I’m counting down the days till I move to NYC Roommate ✅ Apartment ✅ Job ✅ Excited to be there while it’s opening up! Also I was so surprised how fast it goes. Where I’m from people spend months sometimes touring apartments. My entire process was < 24 hours
@@ChelseaCallahan In St. Louis there’s just such a housing surplus it’s incredible. The unit next to me was vacant for almost a year and I’m always seeing advertisements for new loft spaces at good prices. You’re really able to take your time searching for the perfect place
I don't think getting your keys when you give them money is normal. I never got the keys when I gave them the money. And that is because if landlords give you the keys before your move in date, you could enter the apartment before. I've always had to put down a deposit immediately though. this isn't only applicable to nyc, because i've never lived there.
Your videos are so helpful for researching! I just graduated and have a good paying salary job starting at the end of August, but I’m wanting to move in mid July or beginning of August. My tax returns don’t look great because I barely worked through college, and I won’t have any pay stubs. Would most brokers have an issue with this? What is the solution to this? I was thinking of paying for a guarantor service but I’m not sure if they’ll have the same issues. (I do have a good credit score and $60k saved up so I was thinking that might help demonstrate financial stability but I’m not sure how flexible the requirements are)
Such a great position to be in!! I think most brokers/landlords would be happy with a letter of employment with your starting date to prove you have a job. I've also seen it where people can just pay more up front! Like 3+ months at the beginning. There's definitely room to negotiate since you have good credit and a large savings! My advice is to just be up front about it! Good luck 🙂
