Blog and News
In Manhattan, Renters Carry a Heavy Load
A Manhattan renter’s insurance quote isn’t the only documentation you’ll need
Newcomers to New York can be surprised at how hard it is to not just find an apartment, especially in Manhattan, but to negotiate a lease. We’re not talking about price, either. We’re talking about the steps landlords take to ensure they’re renting to someone who won’t be a problem tenant.
And while we understand owners’ need to protect their investments, some of their requirements make it awfully tough on people with shaky credit histories or recent immigrants, even ones with spotless financial records.
A short list of the documents experts say apartment hunters should be ready to produce on demand:
- Tax returns
- Pay stubs
- Bank statements
- Proof of employment
- Photo identification
- Reference letters from prior landlords
- A check covering the first month’s rent, the security deposit (usually equal to a month’s rent) and the broker’s fee
Manhattan renters also should be prepared for a credit check — and, if their score is less than 700, to be denied a lease. Thankfully, rental standards in other boroughs like Brooklyn and Queens aren’t quite as tight.
Renting in Manhattan can be tough. But once you secure your lease, Gotham Brokerage Co., Inc., makes it easy to find the best renter’s insurance quote at the lowest price.
For one thing, Gotham is a family-owned agency based in Manhattan that’s served the five boroughs for more than 50 years and knows New York City and its neighborhoods. We can tailor renter’s insurance policies from a variety of sources, which means a better and more affordable policy. We do the same for condo and co-op insurance policies, too.
When you’re searching for a Manhattan renter’s insurance quote, you want to work with people who have a deep stake in the city and its people — and that’s Gotham. We’re a local and community institution through and through. We’re not going anywhere. And when you are ready for your first condo or co-op, we’ll walk you through your insurance options and make sure your needs are met.
So even if you’ve gone through a massive headache signing a lease for a new apartment in Manhattan or another borough, we at Gotham can help ease your pain by taking care of all your renter’s insurance needs. So give us a call or shoot us an email today, and we’d be happy to provide you with a renter’s insurance quote.