Renter's Guide

 

Typical Questions Answered


How much is BHDR's broker fee?
BHDR does not charge for information provided by the website nor do we charge for viewing of apartments or rental properties with through our brokers. Clients pay a broker's fee ONLY if they rent a property through Bahadiring Realty. If the property is a NO FEE apartment in which case you will not incur brokers fee.

  • Apartments with a 6 month - 2 year lease, BHDR usually charges 15% of the annual rent.
  • Terms shorter than 6 months: Please call or email for our pricing.

When should a perspective renter begin an apartment or property rental search?
Potential renters should begin their search 4-6 weeks prior to an anticipated moving date. Apartments are not usually ready more than 6 weeks ahead of a lease starting date.

Why choose BHDR? What sets it apart from all the others?
Prospective renters seek out Bahadiring Realty's service for 2 reasons:

First, our clients want to find the best deals coupled with the most value they can afford. They understand BHDR's brokers will save them considerable time and money in the long run. They understand that we offer a variety of services, covering all aspects of their property search. Our clients understand that even though they might be able to find 'No Fee' apartments, our brokers work extremely hard to negotiate the lowest possible monthly-rent payments. This amounts to long term savings that renters who don't use BHDR probably would not get.

Second, our clients want to save the time and energy that gets wasted when trying to find and close on a property in NYC's dynamic real estate market. The process can be very frustrating without much result. Our clients come to us in order to utilize the guidance, knowledge and experience of our licensed brokers. Our clients benefit by saving money, time and effort.

What does 'No Fee' mean?
A lot of the apartments prospective renters see listed as 'No Fee' via the internet or advertised in newspapers actually use a flat fee agency. Prospective renters cannot get information about these properties without first paying a flat fee to these agencies. The fee is supposed to give the renter access to the agency's database. Fees can range from $50-$250, even though these agencies are not legally allowed to charge more than $15 for their services. Very few agency subscribers rent their apartments this way. A lot these agencies provide almost no support service to clients. They have little or no staff and they operate basically as internet-information agencies. Therefore they cannot possibly provide the expertise of a licensed broker. Be wary of information obtained in this manner as the information tends to be unreliable and outdated.

Is having a pet a problem?
Having a dog narrows the selection of properties down to 15% of what is currently available on the market. Cats tend not to be as much of a problem. Clients tell your broker about pets to save time and money.

What other types of apartment buildings are there in NYC?
There are rental buildings, co-ops, and condo buildings.

  • Rental buildings: Usually full service, modern, doorman buildings; rents are generally high but are at market level. Annual rent increases might be considerable, depending on market conditions. These buildings are managed by big corporations trying to maximize profit. BHDR has access to these listings as well as more affordable more economically priced rental properties. We have access to most of the rental listings in the New York City Area.
  • Co-op and condo buildings: These are also usually full service buildings. Units are owned by individual owners. The drawback is that new tenants might have to complete a lengthy application and meet with the co-op or condo board. This process can take over a month and requires the applicant to undergo rigorous screening. Many co-ops do not allow lease renewals. This means more apartment hunting after the first term of your lease. BHDR is selective about co-op buildings because of the inflexibility and arbitrary rules.