(1888PressRelease)
January 09, 2009 - In the past, NYC no fee apartment owners were spending very little effort and money to lease their units because of the incredible demand of the New York apartment rental market. There are many landlords who are still holding on to this idea of attracting customers without advertising. After one landlord of ten New York apartment buildings acknowledged his vacancy rate was a little higher than normal, he was also willing to “tough it out” for another month or two before looking into spending money to market his units. In any other city this would sound absurd, but not for NYC apartments, historically speaking anyway. While some apartment owners are holding on to this vision of leasing their apartments without advertising, there are other no fee apartment owners and management companies who are strategically acting fast by trying traditional online advertising with creative methods. With vacancy rates in Manhattan at 2.3%, the highest it has been since 2001, there are even some NYC apartment owners who are starting to pay broker fees just to lease their apartments quicker. This was extremely rare to see just a few months ago.
Many landlords are starting to offer different types of incentives such as one or two months free rent on longer term leases. Archstone Properties is offering no security deposit for their apartments. Many no fee NYC landlords are starting to appear more frequently on online search results while www.SkipBrokers.com, a leading online provider of NYC no fee apartments, will now coordinate landlord appointments for their members without charging the apartment hunter. Their services are paid for by sponsorships and for the first time ever in the New York residential rental market, people looking to rent an apartment in Manhattan will have no-fee landlords come to them thanks to SkipBrokers.com. This new service provided by SkipBrokers.com is catered to people who want to avoid paying a broker fee and really don’t have time or the patience to search for apartments alone. SkipBrokers.com’s staff will do everything a broker does without charging a fee. “We understand the amount of effort that is involved with finding a no-fee apartment and work everyday to create an easier process. Instead of brokers showing the apartment, we set our members up with leasing agents who don’t charge a broker’s fee”, said Paul Salamanca, founder and CEO of SkipBrokers.com.
With vacancy rates projected to steadily increase, you can expect to see more NYC apartment owners giving concessions. However, even with no fee apartment deals on the table, Manhattan is still seeing the number of empty apartments increase. For anyone who has dreamed of living in New York, this may be their chance to sneak in and find a deal since New York landlords are showing much more flexibility.
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