Tip #91: Make a portfolio.
Thanks so much for all of your kind words about the apartment search. As my mom would say: Onward and upward!
Since we’re back on the hunt, I thought it might be useful to provide a little snippet into what it takes it rent an apartment (of any size) in New York City. When we first moved to Brooklyn almost three years ago, we had no idea what we were in for. We had always just wooed landlords with our good looks and sparkly personalities, but in New York City most real estate brokers and landlords require a little more than that. Happily, we found a place on Craigslist directly through a landlord and kind of slipped through the bureaucratic cracks.
This time, we haven’t been so lucky, so with a fervor I haven’t experienced since putting the final construction paper finishes on a book report about The Diary of Anne Frank in 5th grade, I put together a neat little PDF of all the documents we’ve been asked to produce.
Here’s what’s in our ‘rental portfolio’ (copies of everything for both me and James):
- Pay stubs: our last two
- Bank statements: from the last 2 months
- Tax returns: first two pages which lists our total income
- Letter of Employment: a signed letter affirming that we’re employed and our yearly salary
- Copies of Photo ID: James and I both have amazing hat hair in our NY State licenses. Couples that go to the DMV together, stay together
- Credit reports: brokers and landlords sometimes insist on running these reports themselves (and they charge anywhere from $30 – $75 for each report. We pulled our own reports on freecreditreport.com ($1.00 to save as PDF) and that’s sometimes been enough.