Incoming Analysts (and former incoming) How Did You Secure Your Apartment?
One of our incoming analysts asked me a good question that I'm not exactly familiar with since it has been a while. When you were moving to NYC how were you able to secure an apartment prior to your start date? How did that work? Usually, your income needs to be a minimum of 40x the monthly rent but if you are starting a lease before your start date your income is effectively $0 and you can't show pay stubs either...any advice that I can pass along would be appreciated.
Edit: Their parents won't be able to guarantee
Thanks
I believe you just need to show your offer letter from your firm.
I should have added this info - I think his start date will be ~July but he’s looking to move in May.
Why is exact start date relevant? Again, if he has an offer letter, and a deposit, that should usually suffice. I mean, how else do you think new college grads rent places? They show the lessor the letter, the lessor determines whether it's legit, maybe checks with HR, and you can usually get an apt that way.
Exactly how I got my place - locked in a 2 year lease in April with a fantastic deal
The landlord called my manager to confirm my employment and that was all that was needed.
Great, thank you
Well the reason I mention start date is they would have say 2 months of no income while they were on the lease which I figured would require a guarantor. I may very well be wrong.
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