Planning to move to NYC in the upcoming months and want to prepare myself for the competitive apartment market. Is there a need or benefit to having a guarantor if I meet the 40x salary and credit score requirements?
Also would love any other suggestions or tips!

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It depends on which part of the city you want to move to… some may not require guarantor if you can prove you’re a good tenant. Also utilize IG, FB & TikTok a lot of realtors post what is available and what’s coming up. Also, I suggest make a genuine connection with a realtor, you can get access to apartment listings before they become available to the public.

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Great tip, thank you!

Wait till July. Apartment market is slim.

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It may be worse in July, historically more people move over the summer

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Usually not, though some buildings require it and a guarantor can make your application stand out if there are multiple applications

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No benefit, really.

If you wait until summer and it's anything like last summer, the apartments usually just go to whoever bids the highest rent. Having a great credit score won't matter when others also have a great credit score.

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