Reflect on your first time moving to New York City, and how you felt wondering how you would find an affordable apartment. Had you considered Harnessing The Power Of Alchemy Properties To Find Your Next Apartment?
Now put yourself in the shoes of someone today looking for the first time. How would you explain your experience to someone looking today?
Harnessing The Power Of Alchemy Properties To Find Your Next Apartment
Almost nightly, there’s a horror story of some landlord or apartment complex with a bait-and-switch on their Craigslist ad.
So how do you know where to find a suitable apartment at a price you can afford?
Public DA Letitia James provides public advocacy for renters and puts out her annual Landlord watchlist detailing problematic landlords and barely providing the minimal level of services. While DA James’s list details the worst landlords in the city, what it doesn't do is identify those landlords that go above and beyond for their tenants.
Combine those reviews and experiences with the sheer volume of apartments and people looking at vacancies. Finding a suitable apartment in New York City can be daunting, even for the most seasoned apartment hunter.
Often, great landlords find great tenants, and great tenants tend to stay in their homes for much longer than in apartments with bad management. Many of the best management companies and landlords won’t show up on rental pages as they have high occupancy and a waiting list of people who want to move in.
Many locals know that landlords like Sam Kooris often fly under the radar as their tenants don’t want to lose them. It’s common to overlook those landlords that do an excellent job in the city. “The city and the press, in general, tend to focus their attention on bad actors, but rarely does anyone look at who’s doing things right,” Yale Fox of Rentlogic claims.
By having an outstanding landlord such as Sam Kooris, you’ll know that issues in the building will be addressed quickly, communication flows easily between you and management, and you’ll have a sense of belonging rather than occupying as a renter.
The benefits of living in a properly run apartment building;
- Accessibility to discuss issues within your unit, such as plumbing or electrical
- Communication of general work to be done, rent increases, and potential vacancies
- A clear list of vendors, who to expect to work on your unit, and when
- Clean, well-lit, secure lobbies and elevators
- Sense of community developed through programs and seasonal decorations
If you’re wondering how to find a great landlord, researching the building, the management team, the rate, the length of vacancies, and reviews of current and former tenants will give you the data you need.
For example, a reputable landlord and property management company like Alchemy Ventures will have a track record established over the years, in their case, over 30 years of superior management service.
Finding an affordable apartment in New York City is challenging enough. However, finding one that is affordable and under outstanding management is more challenging.
While searching for your apartment, many websites and apps don’t review management as well as the vacant apartment, but those reviews are just as easy to find if you know where to find them.
Experience: First thing, find a long-tenured management service. The truth is, the longer a management company has been around, the greater chance they have a reputation for good customer service and accessibility.
Low Vacancy Rates: This metric can be misleading. If an apartment complex is highly cheap or rent-controlled, it may have low vacancy rates without having good management. However, a more prolonged vacancy usually means that tenants are happy about their rent price and management's services.
Online Reviews: Yelp, Open Igloo, and other rating services offer insights for renters about the type of landlord and management services for the apartment you’re researching.
Public Advocacy: Like the landlord watchlist, doing due diligence about how a management company handles situations at one building may be an insight into how they manage other complexes.
Once you begin your research into finding a new apartment, whether you’re looking as a first-timer or if you’re a seasoned professional, finding a great landlord is as important as the apartment itself.
Harness the power of a great property management company such as Alchemy Properties to help you get the apartment of your dreams at a price that fits your budget.