As far as the house-hunting goes, we have almost finished compiling our dossier. For those of you who aren't familiar with it, renting an apartment in NYC is a major ordeal. We were trying to avoid going with a broker, but all the ads you find listed under "by owner" or "no fee" end up being with a broker anyway, so it's kind of inevitable. And they can be helpful. But if you go through any broker, or even for most management companies, you have to provide a huge pile of personal and financial information to be approved before even being shown any apartments. Here's the list of stuff we need to have together from the website of one of the major realtors in NYC:
- Letter from employer stating position, salary and length of employment (or start date if you have not yet started), and any information regarding bonus, guaranteed or otherwise.
- Last two pay stubs
- Last two years’ tax returns
- Last two months’ bank statements
- Name, addresses, and phone numbers of previous landlords
- Two personal reference letters
- Two business reference letters
- Verification of other assets such as real estate, securities, etc.
- Photo identification (driver’s license, passport, etc.)
Furthermore, to qualify for most apartments without a guarantor, your annual salary has to be between 40 and 50 times the monthly rent. Luckily, that works for us so far, because we have a pretty strict budget. But I wonder how long it will be before we start getting upsold, or even want to look at pricier things ourselves since the ones in our budget so far have been scary. Tomorrow we have an appointment to see a few things, so we'll see how it goes. We are going to be out of town for the holiday weekend, so will hopefully be able to finalize something by the end of next week. Things move fast in this town!
In other news, the robot rocket has blasted off! The FedEx guy came to pick it up an hour ago and it is on its way back to South Dakota. We should get the results pretty quickly and hopefully everything will prove to be ok with J.'s sperm. I was interested to see that it was part of the ODWU for LisainSK, because it wasn't for us. If there turns out to be a problem with it, I will be seriously ticked off, since we did 3 cycles with CCRM and nobody said boo about it to us!
Wow, your DE stuff IS going rather quickly! Just try to take it one day at a time and know that things will work out!
ReplyDeleteI can't believe how competitive it sounds to rent an apt in NYC! My parents live in upstate NY and we have visited NYC several times now, and I'm just in awe at the size of the city. It's really incredible.
Was the robot for the sperm chromatin assay? If so, I believe that was part of our ODWU as well. Weird that it wouldn't have been mentioned to you guys until now!
I can't believe how difficult it is to get an apartment in NYC! Sounds like a nightmare, but I am confident that you will be able to find an awesome apartment and cycle all before school!
ReplyDelete40 or 50 times? Wow. My old MicroEcon prof used to say that most people spend about 1/3 of their income on lodging...
ReplyDeleteWhoa- that is a lot for a rental!! NYC is such a great place - but man, it has changed since I was there. In the mid-90s, we just went to "open houses" for rentals, and as long as you brought a check for 1st and last month's rent, and decided quickly, the place was yours. No brokers. But at that time, the East Village was still sketchy, and I'm sure in nicer neighborhoods it was more like what you are describing. I hope you find someplace nice soon!!
ReplyDeleteI only left the City a few years ago and man, that's harsh! Ugh, so much work. It's like an adoption almost!
ReplyDeleteBut here's to getting your DE stuff together!
For us it ALWAYS pours when it rains in the "personal life" department. So I totally know what you mean about house hunting stress (super stressful) and DE treatment (also super stressful). The only positive in all of this is that it will all be over at ONCE!! Take care...one day at a time!
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