Rentwiz.com

Over the past decade, companies have been moving to New York City to gain a competitive edge and reap the financial benefits New York has to offer. After all, New York City is the financial capital of the world. It's also truly an international city. New York is home to many diverse people from around the world, and home to the United Nations.

People choose to live in New York because this is "the city that never sleeps". There is so much to do and so much to see, and everyday brings different pleasures. The city is home to the best restaurants, nightclubs, museums, galleries, stores and so much more.

New York City is the most densely populated and is the most competitive real estate market in the world. On any given day, the vacancy rate in Manhattan averages less than 3%. So when you're ready to move, whether this is your first time here or you are a long time resident, you must be prepared. The best apartments rent within hours, so searching for one can be very stressful and time consuming.

The following 3 questions are essential to cut the stress level dramatically.

Where do I want to live?

All neighborhoods in Manhattan offer their own unique appeal. You should think about what is most important to you. Do I need to be close to work? Do I want to live in a quiet residential area or do I prefer a lively and active nightlife? What types of neighborhoods interest me? It is also important to know that pricing varies according to the neighborhood, so keep an open mind. Your first choice might not always be the right choice. Visit our Neighborhood Profiles section for more information on neighborhoods.

When do I need to move?

This is an important question because this will save you valuable time. Because vacant apartments are available immediately, people usually make their decisions on the spot. So if you don't have much time on your hands, don't bother making appointments to see apartments until 3 weeks before your scheduled move date. Unlike brokers however, who will not show you apartments if you're moving in 3 weeks or more, you have flexibility with our service. You're subscription lasts for 60 days, so if you do have the time, go ahead and view the apartments. Get an idea of what's out there.

How much can I afford?

There is a loosely defined rule in the New York City metro area. Landlords usually require the tenants to earn 35 times the monthly rent. For example, if you earn $45,000 a year, you can afford an apartment that rents for approximately $1285 per month. If you do not qualify because of your annual salary, or if you are a student, you still have options. Landlords usually will require an extra security deposit and/or a Guarantor. A guarantor is someone who guarantees the terms of the lease, usually a family member.