Renter's Guide

From a Long Island residences to a Manhattan rental, East Egg has an agent who can help.

The process of renting can be a fast one. Before the search begins, we suggest that you ask many questions and review neighborhoods, schools (if relevant), building types, transportation, amenities, what’s included and what’s not included in the rental. This way, our agents can assure that they’ve captured all of your needs prior to kicking off your search.

A Few Recommended Items to Prepare:

• Personal References. 2-3 personal references, some Landlords/buildings may require reference letters.
• Business References. 2-3 business references, some Landlords/buildings may require reference letters.
• Employer Letter: A letter from your employer stating your position, salary, length of employment and any opportunities for bonuses (if applicable)
• Pay Subs: Last two pay stubs
• Tax Returns: Last two years of tax returns (full return)
• Bank Statements: Last two months’ bank statements
• Landlord Letter: Letter from your Landlord stating that you have been in good standing, and contact information for previous landlords.
• Asset Verification: Support documentation of other assets (if applicable)
• Photo ID: Driver’s License, Passport, etc.
• Be Prepared. If you find a place you like, it’s best to have all of your documents ready and be financially prepared to put a deposit down immediately. This will guarantee that you don't lose the residence.

Tips from the East Egg Team:

• Prioritize your requirements. Work with your East Egg agent to determine what is important in your new home. Three items you should consider - size, location and price. Other items to consider, are necessary amenities, schools, etc.
• Budget. What is your financial situation? It's important to know your budget - you’ll save time and energy.
• Timing. Start your search 30-90 days ahead of time. If you search too soon or too late, then you may not see the best available inventory. Additionally, if you are shopping for a co-op rental, the timeline can be 30-45 days.

Moving Costs and Salary Requirements

Most commonly, to be approved for a rental, you’ll be expected by many landlords to make 40 to 50 times the monthly rent and go through a credit and background check. If your annual salary does not meet that requirement, then it may be possible to explore a guarantor or combine salaries of roommates and/or partners. Many landlords require that a guarantor typically make 80 to 100 times the required monthly rent.

Reach out to an East Egg agent today for further assistance with your rental.