Question about New York City rental market

14 years ago

I've got a very young, inexperienced, fresh-out-of-college friend who's trying to make a go of it in New York City (Manhattan) and having a hard time. She's renting a super-modest "studio" apartment and got behind on her rent.

The building is managed by a professional rental agency, and my friend says that she's four months behind in rent.

Is that even possible? I was a property manager (in another state) years ago, and we'd start legal actions as soon as possible when a tenant became delinquent.

It's a super-low rent (for that area), and that surprises me even more - that they'd let her get 4 months behind.

Incredibly, my young friend has been ignoring all the notices from the landlord, which makes me think even more that they wouldn't let her get so far behind.

Is the rental market in NY that depressed?? Do they let people get THIS FAR behind in rent? Are there that many vacancies in New York?

Thanks in advance.

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Comments (11)

sushipup1
14 years ago
Is she asking you or her family for money to pay the rent?
iowagirl2006
14 years ago
I hate that Facebook is so tied to other sites!

I don't want the fact that I looked at some news story on Yahoo posted to my facebook page! I have not had that happen to me, but I see some of it show up on my newsfeed when one of my friends reads a story on Yahoo. That doesn't need to show up on a Facebook feed!

Is that a setting in Yahoo or Facebook? I do log out of my Facebook when I leave it. Don't know if that makes any difference either.
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fran1523
14 years ago
Believe me the rental market in Manhattan is not depressed. I have two daughters who live there. Maybe New York state law takes longer to evict someone than some other states but she will not get away with not paying rent indefinitely. It sounds like your young friend is in serious denial.
pekemom
14 years ago
I am a landlord in Colorado, we wouldn't let anyone get that
far behind in rent, so I don't understand it either...sounds
like there's more to the story..
hope_full
Original Author
14 years ago
It *is* someone who's asked for a loan, and the whole story sounds a little weird. I just don't understand getting so far behind in rent.
ellendi
14 years ago
If she indeed lives in Manhatten, there is no such thing as low rent!(Unless of course you are on special services) I have a daughter who lived there and now is in Brooklyn.
I can see this happening in a very large realty company. Eviction laws are different in different parts of the state.
For example, upstate people can be evicted very quickly. Often times they can come home to find their belongings on the street. In the city (in our case Queens) it can take longer and you cannot just go in and remove belongings. It took us a year to evict a tenent who stopped paying his rent.
This will effect her credit and they will catch up to her.
jae_tn2
14 years ago
I think if you decide to make that loan, you should pay it directly to the landlord rather than your friend. Especially since you are questioning the validity of the situation.
maire_cate
14 years ago
I don't know what NY law is in this situation and I agree with the others who suggested there might be more to the story. Who knows what she's telling her landlord since it doesn't appear she's being forthright with you. Have you read the notices from the rental agency to discover the facts? Maybe the rent isn't as low as she says it is. As Ellen mentioned - there is no such thing as low rent in Manhattan. Did she attend college there or has she just relocated there for this job?

If she's ignoring the notices from the landlord she might be having a mental meltdown - perhaps she's lost her job and is afraid to admit it. Does she have family that she can turn to for help - perhaps both emotional and financial.

NYC can be a tough place to live. My DD went to college in the city and absolutely loved it. Her senior year she found a 6 bedroom brownstone in Brooklyn, negotiated the rent and lease and then she and 5 girlfriends moved in and commuted back to campus until graduation. She stayed for 2 more years until the group split up for various reasons - grad school, marriage, Peace Crop, job changes, move back home etc.

My niece who is the same age has been in Brooklyn for 2 years, has a fantastic job with great pay and benefits and can't wait to get out - she detests the city, the lifestyle, the lack of a car etc. But this is her first experience with NY. And it isn't for everyone.
lindac
14 years ago
Could she possibly be sub letting the apartment?
sheilajoyce_gw
14 years ago
My son has lived in Manhattan and is now in Brooklyn where all his good friends live. He prefers Brooklyn because of those friends and the rent. Your friend needs to move to more reasonable rent neighborhoods, and that is not Manhattan.

My son has wanted to move to a better apartment for two years now, but he hasn't found anything as reasonable as his current apartment. Landlords in New York City have no problem renting apartments as there is a glut of potential renters there.
susanjf_gw
14 years ago
my friend works there but lives on staten island and commutes as does my cousin(he's in nj)

this kids sounds as bad as the student with the 24% school loan!

Question about New York City rental market

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sushipup1

iowagirl2006

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Question about New York City rental market

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