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••••••> No Fee Apartments

Tips for Moving in to your No Fee Apartments:

Moving is one of the most stressful events in a person's life, especially when not only the possessions are moved, but family and pets are involved. There are few tips for Moving in to No Fee Apartments: Few questions you should ask when quoting a price: 1. How many bedrooms in your no fee apartment? 2. What is the address of the apartment you are moving from and the apartment you are moving to? 3. How many pieces of furniture and boxes do you want them to move? 4. What floor is your new apartment on? 5. What day do you want to move on? (There may be extra charge for Weekend/ Holidays) Few questions you would want to know about the movers: 1. 2. 3. 4. 5.

What rates and charges will apply to your particular move? Are they insured? What kinds of incidents are covered? Do they have worker's compensation insurance? You may want to see their proof of insurance. It is better if you get recommendations for the mover

Many movers offer discounts or deals through Auto Clubs, Unions, and other organizations. Another important thing to do before your move is to go to your local post office, and fill out a Change of Address form. Don't forget to contact your credit card companies, your bank, your employer, your stock investment companies, and your magazine/newspaper providers to make sure they send all paperwork to the new address.

Fee vs. No Fee Apartments:

For starters one must understand that the overwhelming majority of apartments that are available at any given time in New York are Fee apartments. What this means is that if you use a broker to find your new apartment, the broker must be compensated for their work. They must charge their client a fee; this fee is normally 15% of one year's. In most markets in the country, this fee does not exist, instead agents are paid by the apartment owner to find a qualified tenant; New York City is an anomaly in this sense.

There are 2 ways to go about avoiding paying a fee.

1) One way is for you, the potential tenant, to rent an apartment directly through an owner. 2) The other is if an owner offers brokers an OP (owner payment) for an apartment, thereby compensating the broker so they do not need to charge the tenant.

An OP is normally equal to one months rent, or 8.33 % of a year's rent. Again, the reason an OP can mean no fee to the tenant is because the broker is being compensated for their work by the owner, not by you.

The owner offering an OP to the broker allows the broker to advertise the apartment as "No Fee" but in reality the tenant doesn't necessarily get a better deal. The owner, losing a month of rent to the broker will increase the rent during the other months to compensate this loss.

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••••••> No Fee Apartments  

Moving is one of the most stressful events in a person's life, especially when not only the possessions are moved, but family and pets are i...

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