Residential Rentals

vol. 1

R E S I D E N T I A L R E N TA L S

DA N I E L G A L E S OT H E B Y ’ S I N T E R N AT I O N A L R E A LT Y

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table of contents 04

| about

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| rent vs. buy

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| experts

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| process

about.

Daniel Gale Sotheby’s International Realty has offices extending 108 miles from the Borough of Queens, through Nassau and Suffolk Counties, to the North Fork and Westhampton Beach. We have true experts that live and work in their local communities.

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rent vs. buy Today’s consumers have choices when it comes to residential real estate — buying, renting or selling, among them.

Although most attention is placed on homeownership, rentals account for about a third of the nation’s housing market. There are a myriad of differences associated with owning versus renting, but it all comes down to personal preferences.

There has been a slow but steady increase in demand for rentals due to geographic mobility, financial flexibility, and freedom from home maintenance responsibilities. Housing affordability, a shortage in listing inventory, and the fact that Millennials are more likely to rent than buy also drive the rental sector of the housing market.

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experts.

At Daniel Gale Sotheby’s International Realty, we recognize that residential real estate requires local knowledge, transaction expertise, up-to-date awareness of available inventory, and a true commitment to do the best job possible. Every one of our 900+ sales associates receives comprehensive real estate sales training.

However, we are proud to be among only a handful of companies to provide training specific to rentals.

The rental market differs dramatically, has its share of challenges (rules and regulations), and practices that can make the process more difficult to navigate through than homeownership.

We invite you to work with one of our rental experts.

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process.

Research.

Do your research.

Identify the communities of greatest interest to you and a licensed real estate agent that can guide you through the entire process.

Prioritize.

Prioritize your wants and needs and know what you are comfortable with each month.

Organize.

Organize your paperwork before you even begin your search. Landlords require documentation for employment and income verification (i.e.: pay stubs, copies of tax returns, Photo ID, bank account numbers, credit score, etc.)

Set up Appointment.

Have your agent set up appointments to see suitable properties that meet your criteria.

Locating available rentals is complex.

Understand.

Understand the property you decide you want. The location. The area. And any restrictions and rules that apply to it. As well as additional costs (i.e.: security deposit, utilities, maintenance, insurance, real estate agent fees, etc.)

Be prepared.

Be prepared to move quickly when you find the “right�property and remember a lease is an enforceable contract.

Know what you are signing before you sign it. (Read it carefully and/ or have it reviewed by your attorney.)

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Each office is independently owned and operated.