Stony Point, NY · Member since 2014 · 27 posts · 5 votes
Getting to rent our first apartment in NYC. I'm new to BiggerPockets and would appreciate if you could share your experience with finding and vetting new tenants.
Real Estate Broker · Indianapolis, IN · Member since 2014 · 3k+ posts · 2k+ votes
11y
I would put it on craigslist, postlets.com, and vflyer. You will probably want to use a credit/criminal background check service. If you upgrade your account you can access the BP tenant screening tool through Smartmove that we really like. You put in your requirements and it gives you a recommended action. Accept/Decline/Accept with larger deposit/etc.
Real Estate Broker · Indianapolis, IN · Member since 2014 · 3k+ posts · 2k+ votes
11y
I would put it on craigslist, postlets.com, and vflyer. You will probably want to use a credit/criminal background check service. If you upgrade your account you can access the BP tenant screening tool through Smartmove that we really like. You put in your requirements and it gives you a recommended action. Accept/Decline/Accept with larger deposit/etc.
You have a a myriad of options in NYC to post your apartment. Zillow, Trulia, Hotpads, Rentlinx, Zumper, Renthop etc to name a few. There are literally hundreds. Also most agents in NYC will agree to show your apartment on a CYOF (collect your own fee) basis if the neighborhood is desirable.
As far as vetting the tenant. Here are some suggestions.
-Income 35-50x the monthly rent. -Last two bank statements -Last two years tax returns -Letter of employment - You can require a credit check and criminal background check. - Verifying rental history with previous landlord