Apartments for Cheap

Questions and Answers

Your Questions About Apt For Rent In Brooklyn

May 10, 2012

Ruth asks…

*New Yorkers only* Should I give up my rent-stabilized apartment to move in with my boyfriend?

I have a tiny rent-stabilized studio in Soho (rent is about $1500 – I wrote NYers only b/c they’re the only ones who would understand the value of this!). I’m leaving my studio to live in Brooklyn with my boyfriend, with whom future prospects are good.

Should I a) give up my lease (my landlord is willing to give my security deposit back even though I’m breaking the lease early);
or b) sublet my apt. on my own (w/ the landlord’s permission)?

I can’t make up my mind as to which is worse: the risk that things won’t work out between my bf and I or I can’t stand Brooklyn and I need my apartment back and I will regret giving it up OR the risk that my “tenant” will be a hassle and not pay the rent on time etc.

So I’m naturally asking millions of strangers to make up my mind for me. PLEASE ADVISE ME, I will go with the best answer.

Administrator answers:

Okay, I’m not a New Yorker but when I peeked at your question I saw you had no answers (yet) and I do have a little understanding of the value of a rent-stabilized apt in NYC.

Since the future is never certain, I vote you sub-let the apt (if allowed) for a while. That way you have a safety net if you need it, and if it turns out later that you don’t then you can let go of it.

George asks…

*New Yorkers only* Should I give up my rent-stabilized apartment, or sublet it?

I have a tiny rent-stabilized studio in Soho (rent is about $1500 – I wrote NYers only b/c they’re the only ones who would understand the value of this!). I’m leaving my studio to live in Brooklyn with my boyfriend, with whom future prospects are good.

Should I a) give up my lease (my landlord is willing to give my security deposit back even though I’m breaking the lease early);
or b) sublet my apt. on my own (w/ the landlord’s permission)?

I can’t make up my mind as to which is worse: the risk that things won’t work out between my bf and I or I can’t stand Brooklyn and I need my apartment back and I will regret giving it up OR the risk that my “tenant” will be a hassle and not pay the rent on time etc.

So I’m naturally asking millions of strangers to make up my mind for me. PLEASE ADVISE ME, I will go with the best answer.

Administrator answers:

OK so I am not a N-Yorker: You should rent the apartment IF
you can get more in rent than what you have to pay. If you
pay $1500 and get $1750 – then 2 month security and the
first month in advance gives you $750 on the day the person
moves in to save for a mis-fault in rent.

(1) charge more per month than you have to pay
(2) make certain the tenant gives you the 3 month before
they move in.
(3) require the tenant to make payments with in 5 days of
due date or pay late fee of 8 – 10 %

I have my tenants pay on the 1 of the month. All my correspondence
says that their rent is due on first of the month, late fees are
applied if their “check, money order or cash” is not delivered
By 6:00PM on the 10th of the month. Of course if a check is
not honored by the bank, the late fee is applied.

The value of your type of apartment is too important to give
up if there is any chance you will need it in the future. Just
make sure you save the funds incase the tenant slip up.

Donna asks…

Are there any no fee apartment searches in New York?

im looking for an apartment in either brooklyn or the bronx i’ve been checking on sites like craigslist, move.com, rent.com, apartments.com but no luck does anyone know of any other free sites to find an apt
with no brokers fee also

Administrator answers:

Www.realtor.com

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