The General Benefits Of Renting Directly From A No Fee Management Companies NYC Are Well Documented.
Here Are Some Examples Of The Benefits:
- No Broker Fees - By going to the source and renting directly from a property management company in NYC, you can bypass the middlemen (brokers) and save thousands of dollars in fees. With monthly rents averaging anywhere between $1,600 - $8,000, the broker fees can be quite high as we previously documented.
- Incentives - NYC property management companies are pros and understand what needs to be done to increase occupancy. What we have seen across many NYC property management company websites' is that a good chunk of them provides some form of incentives you may not get renting from individual private owners. For example, they may provide 1 or 2 months free rent when you sign a long-term 1-2 year lease.
- Inventory - At Transparentcity, we have databased 2000+ buildings that are all no broker fee AND controlled by NYC property management companies, AND have a website you can rent directly from. This translates to A LOT of inventory that is all 100% guaranteed to not have a broker fee. There is always going to be something available at market prices.
- Bait and Switch - The only "bait and switch" that ever occurs when dealing with a property management company in NYC is that an apartment within the building you are interested in is no longer available. You then get shown another apartment within the building that is available. You will not get taken across the city to a different neighborhood and shown something completely different where all of a sudden the apartment comes with a broker fee. This instance occurs often enough when dealing with intermediaries.
As prospective renters, we want to know the NYC property management companies we are dealing with and one of the ways of understanding who they are is through their website. How much thought and care have they put into their website? Can I find out everything I need to know about the building, the availabilities, price, amenities, and so forth? We aren't talking about the ones who pay the most money for the best pictures but rather we are focused on the function, navigation, and aesthetics of the website itself. In a sense, it may give you an idea of which NYC property management company has the best no-fee apartments in NYC. A simple question is: Does the website of the NYC property management company make it easy for me to find the apartment I am looking for?
We have compiled a list of those NYC property management companies here as examples. This is not a ranking list but rather just examples of 10 websites run by No Fee Management Companies NYC that we found to be easy to use. Here is the list in alphabetical order:
Metronest aka Jakobson Properties
Kings and Queens