Did you decide to find a new apartment and relocate to Manhattan? Although this decision can have a terrific impact on your education and carrier path, you may face certain difficulties. Before you start preparing to leave your current home, you may have the struggle to get your new apartment in Manhattan. Unluckily, certain payment rules can make getting an apartment in NYC harder than you think. As most of the landlords and leasing agencies do not want to waste time with potential “financially questionable” renters, you may have to fulfill their specific requirements regardless of your temporary income. In case you are not earning enough money at this moment, you may feel lost. Thankfully, our residential movers Manhattan recommend you to find a guarantor. Besides, this short article is intended for all those who may need to rent an apartment in Manhattan with a guarantor.
What is a guarantor and how to know you need the one?
When you want to rent an apartment in New York, your landlord may require you to have a guarantor. A guarantor is a person who takes the responsibility (share responsibility with renter) for payment that renters miss to pay. This way, your landlord will be sure that he will receive the payment if you could not pay it for some reason. In most cases, landlords and leasing agencies want proof of cash flow before they rent to you. But how you will know if you need to have a guarantor?
Calculate your finances in a simple way
It is simple to find out, just calculate do you make 40-45 times the monthly rent? For instance, if you are looking to rent a small studio apartment for $1,500 per month, your landlord will expect you to earn about $60,000 to $70,000 annually. Also, our Manhattan movers NYC want to remind you of other reasons why you may need a guarantor. In case you don’t have a credit history, job, rental history, or you are just graduated from college you will most likely only rent an apartment in Manhattan with a guarantor. Also, if you are not a USA resident to work or study you will need a guarantor.
How to find a guarantor and be able to rent an apartment in Manhattan with a guarantor?
There are two ways to find a guarantor and rent a new apartment in Manhattan with a guarantor. As asking someone to be your guarantor is never easy, you can opt for the old-fashion way. So, your parents could act as your guarantor and help you get an apartment you like. However, if for some reason none of your parents can be your guarantor, you could rely on close friends or other family members. Anyway, the guarantor should be the person comfortable enough to sign a contract for you. So, before you look for any other option, take the advice from our local movers Manhattan and talk with your parents, relatives, and friends.
You can hire guarantors
What to do in case none of your relatives can’t be a guarantor for you? Does it mean you are out of the race for your dream apartment? Well, there is another way to rent an apartment in Manhattan with a guarantor. Luckily, you can pay for a guarantor. Be free to contact some of the most reputable insurance firms in New York such as Insurent. Although you are not qualified for lease terms without backup, they will provide you with the appropriate solution.