Typical Questions Answered
How much is KSI Realty New York Inc. broker fee?
KSI Realty does not charge for information provided by the website nor do we charge for viewing of apartments or rental properties through our brokers. Clients pay a broker's fee ONLY if they rent a property through KSI Realty New York Inc.
When should a perspective renter begin an apartment or property rental search?
Potential renters should begin their search 4-6 weeks prior to an anticipated moving date. Apartments are not usually ready more than 6 weeks ahead of a lease starting date.
What are Rent Stabilized buildings and/or apartments?
Rent stabilized buildings and/or apartments are buildings whose rent is regulated by the City of New York and State of New York. Rent increases are only about 2-4% annually. Once a renter secures a rent stabilized apartment, they have a right to renew a lease agreement indefinitely. A lot of brownstones, townhouses with more than 4 units and older tenement/elevator buildings in NYC fall into this category. These types of building are owned and operated by small to medium size landlords/management companies.
Why choose KSI Realty New York Inc. ? What sets it apart from all the others?
Prospective renters seek out KSI Realty New York Inc. agency’ service for 2 reasons:
What does 'No Fee' mean?
A lot of the apartments prospective renters see listed as 'No Fee' via the Internet or advertised in newspapers actually use a flat fee agency. Prospective renters cannot get information about these properties without first paying a flat fee to these agencies. The fee is supposed to give the renter access to the agency's database. Fees can range from $50-$250, even though these agencies are not legally allowed to charge more than $15 for their services. Very few agency subscribers rent their apartments this way. A lot these agencies provide almost no support service to clients. They have little or no staff and they operate basically as Internet-information agencies. Therefore they cannot possibly provide the expertise of a licensed broker.
Be wary of information obtained in this manner as the information tends to be unreliable and outdated.
How can I find a "No Fee" apartment?
Sometimes landlords/management companies or brokers offer rental properties or apartments for 'No fee' (meaning no broker fees or rental application fees). These 'deals' tend toward being some of the most expensive apartments on the market. Most 'No Fee' apartments are found in high-rise, doorman buildings or newly constructed buildings. Generally 'No fees' are offered because of the sheer size of a building.
These apartments are priced fairly and not great deals but they are not bad ones either. Sometime KSI Realty New York Inc. represents certain landlords/management companies or buildings that offer 'No Fee' apartments. These tend to be in luxury/doorman buildings and are priced at $2000 per month and up. In this instance the landlord/management company pays the fees. In this case KSI Realty New York Inc. passes on the savings to clients and provides all our services to you free of charge. Not all 'No fee' properties are found in doorman buildings. Sometimes landlords/management companies of elevator or walk up buildings will advertise apartments as 'No Fee' on the web or in newspapers. Generally these apartments are not good deals because landlords avoid additional costs and charge the tenant higher monthly payments. Fairly priced properties with a broker's fee would probably cost LESS money than a 'No Fee' apartment in an elevator or walk up building.
Is having a pet a problem?
Having a dog narrows the selection of properties down to 15% of what is currently available on the market. Cats tend not to be as much of a problem. Clients tell your broker about pets to save time and money.
Besides rent stabilized buildings, what other types of apartment buildings are there in NYC?
There are rental buildings, co-ops, and condo buildings.
Our best advice is to call or email us so that one of our attentive Rental Specialists can assist you.