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Posted by Jules on August 26, 2001 at 08:53:13:

I've lived in new york for the last three years. But, it was in a dorm
and i never really thought about looking for an apartment, or rather I
had, but i didn't realize you needed to provide your landlord with
everything from blood samples to your second born child. I've read
that landlords are now requesting that your rent be no higher than you
make in a week, or that you make 40 to 50 times your rent a year. This
could be damned near impossible for me, and my roommate.

I have a job lined up that pays around 36,000 a year (web designing)
but as I lived in North carolina for most of my life, and my mom paid
for everything I have no credit. So... has anyone living in manhattan
run into the salary requirements or lack of credit situation? and if
so, how was it handled?

I plan on getting a 2 bedroom apartment in the east village for around
1800. That would make my salary requirement like 80 thousand a year,
or 40K for me and my roommate. Also, doing the math, i can see that
this apartment will cost my roommate and I about 22 thousand a year.I
have more than that in my bank account, so I'm wondering if I show the
landlord my bank statement, and my job salary, does anyone think my
lack of credit will hurt me? I could dummy up a former landlord from
north carolina if that will help. I guess what I'm asking is, If i show that i have the entire year's rent saved, as well as having a job (albeit lowpaying, taken primarily to get me in the door) as well as a roommate, does anyone think we'd be refused? My roommate has excellent credit, but no job, as of yet. but like I said, i have the entire year's rent in my bank account. that should help, right? We can't get a cosigner. No one we know makes anywhere near the 100K+ needed to cosign for us...

Any ideas? anyone with new york apartments, especially
manhattan/village apartments, how severe was the examination of your
life/salary and credit? anyone get refused for a lack of credit?

I seriously can't get someone to cosign for me, because the requirements for a cosigner are even steeper. One website suggests that a cosigner make 80,000 to 100,000 to qualify. In new york, this is probably not that much money, but in north carolina it's impossible!!! my mom makes 60K and is considered wealthy here!

any ideas? any stories? help me out.

J

Follow Ups:

• Re: Salary Requirements for rent? how serious are they about it? Edward 08/27/01 (0)
• Re: Salary Requirements for rent? how serious are they about it? Chris G 08/26/01 (0)
• Why do you look for a cheap apartment in the most expensive part of town? Provost 08/26/01 (1)
  • Re: Why do you look for a cheap apartment in the most expensive part of town? Jules 08/26/01 (0)
• Re: Salary Requirements for rent? how serious are they about it? Steve 08/26/01 (0)

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Comments:
: I've lived in new york for the last three years. But, it was in a dorm
: and i never really thought about looking for an apartment, or rather I
: had, but i didn't realize you needed to provide your landlord with
: everything from blood samples to your second born child. I've read
: that landlords are now requesting that your rent be no higher than you
: make in a week, or that you make 40 to 50 times your rent a year. This
: could be damned near impossible for me, and my roommate.

: I have a job lined up that pays around 36,000 a year (web designing)
: but as I lived in North carolina for most of my life, and my mom paid
: for everything I have no credit. So... has anyone living in manhattan
: run into the salary requirements or lack of credit situation? and if
: so, how was it handled?

: I plan on getting a 2 bedroom apartment in the east village for around
: 1800.  That would make my salary requirement like 80 thousand a year,
: or 40K for me and my roommate. Also, doing the math, i can see that
: this apartment will cost my roommate and I about 22 thousand a year.I
: have more than that in my bank account, so I'm wondering if I show the
: landlord my bank statement, and my job salary, does anyone think my
: lack of credit will hurt me? I could dummy up a former landlord from
: north carolina if that will help. I guess what I'm asking is, If i show that i have the entire year's rent saved, as well as having a job (albeit lowpaying, taken primarily to get me in the door) as well as a roommate, does anyone think we'd be refused? My roommate has excellent credit, but no job, as of yet. but like I said, i have the entire year's rent in my bank account. that should help, right? We can't get a cosigner. No one we know makes anywhere near the 100K+ needed to cosign for us...

: Any ideas? anyone with new york apartments, especially
: manhattan/village apartments, how severe was the examination of your
: life/salary and credit? anyone get refused for a lack of credit?

: I seriously can't get someone to cosign for me, because the requirements for a cosigner are even steeper. One website suggests that  a cosigner make 80,000 to 100,000 to qualify. In new york, this is probably not that much money, but in north carolina it's impossible!!!  my mom makes 60K and is considered wealthy here!

: any ideas? any stories? help me out.

: J


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