Generally, short-term rentals are rentals with a duration of less than one year. If you are going to live in a place for a short time, or you don’t want to commit to a long-term contract, this kind of rental is the ideal one for you.
So what is a short-term rental in New York City, and how to find it and go about it? This is what this article will take a closer look at now.
What is a short-term rental in New York City?
What New Yorkers consider a short-term rental is an apartment that you can rent for less than thirty days. However, even if you are going to stay there for the short term, the regulars still make sure that you will experience and enjoy your full rent as if it’s long-term instead of the sub-tenant treatment that usually happens in some cities.
Who can Benefit from Short-term Rentals in New York City?
People that can benefit from short-term rentals include:
- Workers that move often or don’t stay in a single place.
- Someone who is looking for an apartment but has leased their previous house.
- Visitors or tourists
- People are looking for where to reside temporarily because their permanent residence is under construction or renovation.
Tips for Finding Short-term Rentals in New York City
You can follow these simple tips to find your ideal short-term rentals in New York City
Reach Out to a Relative or Friend
One of the significant people that can assist you in finding a short-term home to rent is your friends or relatives. Even if they don’t know how to find a home directly, they may have friends that can help you or even through social networks.
Today, the internet has become vast; you can find nearly everything online. Since people love to search for whatever they are looking for on the internet, even real estate agents aren’t left behind, as they are obvious about the fact. With the internet, you will find an apartment without any difficulties. You can check this page for short-term rentals in NYC.
Hire Brokers or Real Estate Agents
Despite how fast the internet is overtaking many aspects, it still can’t overtake street-smart real estate agents in their industry. One viable option when looking for a home is reaching out to a broker who is quite versatile with rentals, especially short-term rentals.
Although, the ones you will find available might be few because not all agencies do the short-term stuff. You might think of ignoring this tip because it may require you to spend money hiring a broker or agent; we recommend you consider it as the little you will spend will help you save huge money that you may spend if you are doing all the things alone.
Survey your Neighborhoods
If you are searching for a short-term rental due to renovation or reconstruction in your home, you should start your search with your neighborhood. Getting a home nearby has an advantage; it will help you continue managing your work efficiently while keeping an eye on the progress of your permanent home.
So search for those new rental buildings and ask the doorman; they always know most of the current or upcoming rentals available. If you are lucky, you will instantly find an apartment.
Move into a Corporate Pad
New York City is among the largest cities in the world with financial capital. Hence, it has many corporate housing agencies that help organizations search for short-term residences for employees and workers. Therefore, you can find an apartment that is well-furnished and ready for residents like you.
Think like a Tourist
You may find houses and apartments that give out short-term rentals to residents, but they may be expensive and beyond your budget. So rather than going for short-term, you can also go for long-term houses that fall within your budget. Also, if you are a tourist and visit during off seasons, you can ask for a lower rate.
Furthermore, you can search for platforms such as Airbnb, VRBO, and One Fine Stay. You can also look at Sonder or Blueground, which specifically lean towards providing short-term residence for tourists. The usual price starts from $4,350 monthly; the only downside of these platforms is that you have to pay for some amenities.
Consider Co-living Spaces
If you don’t mind sharing a home with a stranger for the period, you can consider a co-living space. Most co-living spaces are available in New York, and they provide necessary amenities such as kitchen and house cleaning. Moreover, it’s a new normal that is fastly getting recognition, and you can even find them online.
Also, Check – 5 Home-based Side Hustles For The Holidays
How To Prevent Yourself From Scammers
While there are many short-term rentals, unfortunately, there are scammers, too; you don’t want your money to fall into the hands of these unfortunate people. So to avoid that, you check the house listings you find, and you will see it has the following:
- A legitimate payment method. Any platform or agency that asks you for payment via wire transfer or check should be considered a red flag.
- Address that is variable
- They have property history, tax documents, and ownership information.
- Also, be careful of agencies that will ask for an advance payment.
- Beware of apartments posted by tenants instead of landlords
- Ask questions, don’t be afraid to ask questions if there is anything you don’t understand
- If they didn’t allow you to speak directly to the landlord, it’s best to walk away.
- Be careful of low rates; furnished rentals are generally more expensive than non-furnished homes.
In conclusion, finding a short-term rental apartment requires careful planning and research. It is important to consider your budget, location preferences, and desired amenities when searching for a short-term rental.
There are many resources available, including online information and local real estate agencies, to help you find the perfect place to stay. By taking the time to consider your options and make a list of your must-haves, you can find a short-term rental that meets your needs and provides a comfortable and convenient home away from home.